Street Talk
Private capital kicks tyres at Envirosuite; watching brief on Potentia
Envirosuite has not had much good news for shareholders since it retained Gresham to run a strategic review in late 2022. But there is plenty happening behind closed doors at the ASX-listed SaaS business geared at the aviation, mining and industrials sectors.
Envirosuite’s board has fielded interest from a handful of buyout firms and strategic players since the start of the year. But while a data room was established, the buyout proposals have so far been considered too incomplete to merit disclosure, sources said.
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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