APM Human Services is set to slide off the ASX after less than four years on the bourse, with Chicago’s Madison Dearborn Partners set to bring a long-winding takeover process to a close on Monday.
As revealed by Street Talk on Sunday, APM has struck a deal with the private equity group, valuing the company at $1.3 billion. That equates to $1.45 per share, a price bump negotiated by APM’s independent board committee and its chairman, West Australian business heavyweight Nev Power.
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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
