Street Talk

No hiccups at Nearmap, investor support next battleground

Anthony Macdonald, Sarah Thompson and Kanika Sood

Aug 21, 2022 – 9.34pm

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The final round of takeover talks at Nearmap appear to be going well, with the company and its private equity suitor Thoma Bravo closing in on a binding deal at $2.10 a share.

As the clock ticks on Thoma Bravo’s one-week exclusivity period, the two parties and their lawyers at Gilbert + Tobin and DLA Piper were said to be nearing an agreement over the weekend.

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.