Street Talk

Ructions in Potentia’s top echelons prompt Tim Reed to step back

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 14, 2024 – 12.39pm

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A fracas has broken out at Potentia Capital, one of the country’s most active investors in technology and tech-enabled businesses, with high-profile partner Tim Reed expected to step back from the firm.

Partners going their separate ways isn’t highly unusual. Still, the former MYOB chief executive has been happily working with Potentia founder Andrew Gray for almost a decade on big-league deals like the long-fought and difficult takeovers of Nitro Software and Tyro Payments.

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.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.