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Smash repair business AMA Group preps $60m raise

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Listed smash repairer AMA Group’s board and advisers were preparing an equity raising of as much as $60 million on Thursday afternoon, while its shares remained halted.

The smash repair industry has been hit by logistical slowdowns and inflation. Craig Abraham

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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
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

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Original URL: https://www.afr.com/street-talk/smash-repair-business-ama-group-preps-60m-odd-raise-20230831-p5e12l