Street Talk

Silence not so golden as Bigtincan investors not told of new proposal

Sarah Thompson, Kanika Sood and Emma Rapaport

May 21, 2023 – 7.51pm

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Complete silence from Bigtincan since early March, when it last updated investors that its advisers at Morgan Stanley were still “progressing the management and evaluation of inbound inquiries and expressions of interest regarding potential control transactions”.

Morgan Stanley, for the record, came on after inbound interest from SQN Investors, a North American asset manager with an interest in technology.

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

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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