Street Talk

PE closes in on homegrown cyber group Penten

Sarah Thompson, Anthony Macdonald, Tim Boyd and Yolanda Redrup

Jun 23, 2021 – 9.35pm

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It’s down to the short strokes in the auction for Australian cyber security company and Department of Defence contractor Penten.

After auctioneer PwC collected a bunch of binding bids, Street Talk understands private equity manager Colinton Capital Partners has emerged well placed to secure a deal.

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.

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.

Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column.

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.