Salter Brothers’s technology fund is set to make a big bet on regional Australia, honing in on a Brisbane-based telecommunication reseller which is forecast to throw off annual revenue of more than $75 million.
Street Talk understands the Melbourne-based fund (SBTF), managed by Gregg Taylor, has entered into exclusive terms for a 100 per cent acquisition of Bigblu Broadband’s SkyMesh which provides satellite and fixed wireless internet services, primarily to regional and remote communities.
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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
