Street Talk

Maas Group in $105m raising at $4/sh

Anthony Macdonald, Sarah Thompson and Kanika Sood

Jul 28, 2022 – 9.07am

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Contractor and equipment hire company Maas Group has put a $105 million equity raising to investors, in a bid to restock its balance sheet for potential acquisitions.

Stockbrokers Morgans and MA Moelis sent terms to clients on Thursday morning, outlining a $35 million institutional placement and another $70 million deal to Maas Group’s directors and management.

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.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.