The $400 million sale of surfwear company Rip Curl is picking up speed, with management presentations under way at the Sydney offices of advisers Gresham rather than Rip Curl's Torquay headquarters.
It is understood that co-founders Brian Singer and Doug Warbrick are planning to sell their entire interest in the business they started almost 50 years ago, rather than keep a minority stake.
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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
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. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
