Street Talk

Rubbers hit the road in Lifestyles auction, PE finishes first

Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Sep 29, 2022 – 9.35pm

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Private equity’s back trying the old Ansell condoms business on for size, with expectations brewing of a $US500 million-plus transaction in coming weeks.

Street Talk understands a US-based PE firm is in late-stage talks to acquire what’s now branded LifeStyles Healthcare, which is best known as the owner of Australian born-and-bred LifeStyles condoms brand developed by Ansell and now sold globally.

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.

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.

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.