A special situations firm that was involved in the recapitalisation of trucking business McAleese is believed to be in talks to acquire ASX-listed Watpac's mining services unit.
Street Talk understands Sydney-based Remagen Capital is deep into due diligence on Watpac's civil and mining business, and both potential buyer and seller are hopeful that a deal will be able to be negotiated.
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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
