Street Talk

Lazard Private Equity puts Geotech Group on block

Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell

Updated Sep 29, 2015 – 9.39am, first published at 9.33am

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Geotech Group - owned by Tanarra Capital, the rebadged Lazard Private Equity - is up for sale.

The civil engineering and contracting group which owns the No.2 rail construction business in Australia, Coleman Rail, is forecast to make $220 million in revenue in financial year 2015 on earnings before interest and tax of $25 million, according to a sale flyer sent to potential buyers and obtained by Street Talk.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Jake Mitchell is a former Fairfax Media journalist.