Core-plus infrastructure funds and private equity firms interested in buying a stake in the $2 billion Zenith Energy, provider of remote power solutions to miners, have been given their first look under the hood.
Street Talk understands Zenith’s owners – Pacific Equity Partners, Canadian pension fund OPTrust and Foresight Partners – last week instructed their bankers at Azure Capital and RBC Capital Markets to mail out a teaser on the mooted equity deal. Sources described the exercise as early investor education, with the bid timetable yet to be set.
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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
