UBS bankers are firing up forklifts to haul Loscam back to the auction block, 2½ years after they pulled the brakes on a sale.
Street Talk understands potential bidders have been told to expect sale flyers for the pallet pooling business in coming weeks, ahead of a mid-2024 process launch. It is believed UBS is well-placed to run the auction, which would see Loscam marketed as a business making north of $200 million in earnings before interest, tax, depreciation and amortisation.
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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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
