Listed smash repairer AMA Group’s ACM Parts unit is being wheeled into the workshop for potential buyers to tinker with, as it hopes to appease investors reeling from a 60.8 per cent drop in share price and two painful equity raises in 12 months.
Street Talk understands Pitcher Partners, which was tapped to explore strategic options for the group in June, has issued a flyer to domestic and international strategic and private equity types to kick off the sale.
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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
