Street Talk

Service Stream dials up interest in Lendlease's Services

Sarah Thompson, Anthony Macdonald and Tim Boyd

Oct 29, 2019 – 9.32pm

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ASX-listed small cap Service Stream is one of the final parties in the running for construction giant Lendlease's Services business.

Street Talk understands the telecommunications services provider is in second-stage due diligence on the unit, having lodged an indicative and non-binding bid a few months ago, and is working through the diligence materials with a view to making a formal offer.

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.

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.

Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column.