Street Talk

Pemba Capital makes a splash with Sequana

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 3, 2024 – 4.50pm

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Pemba Capital has wasted no time putting its third buyout fund to work, making a sizeable bet on Australia’s water infrastructure sector.

Street Talk can reveal that the mid-market private equity shop has taken a majority stake in water engineering and advisory business Sequana, marking the firm’s fourth investment this calendar year and sixth from the $625 million fund that closed in January.

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.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.