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Maca raising $80m to buy Downer's mining services business

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Listed mining contractor Maca is putting the finishing touches on a capital raising to fund its purchase of Downer EDI's Western Australian mining services arm.

Maca is readying a capital raising to buy Downer's WA mining services arm. Rob Homer

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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
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. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/street-talk/maca-raising-80m-to-buy-downer-s-mining-services-business-20201214-p56nc1