Less than two years after MA Financial took Redcape Hotels Group off the ASX with a pitch for punchier valuations, its pubs roll-up is struggling to settle the tab on investor redemptions.
Street Talk can reveal Redcape’s investors are being told withdrawals are paused until at least the end of December. It is also taking a break on applications and the dividend reinvestment plan.
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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
