It could be time for a double celebration at TA Associates’ Hong Kong headquarters. The buyout bigwigs are in final negotiations to acquire Italian-funded accounting and financial advice firm AZ NGA, just two months after being rebuffed by the sellers, sources said on Sunday.
As Street Talk reported at the time, TA Associates put a $600 million indicative bid on the table with hope of walking away with a controlling stake in AZ NGA. That was 15 per cent lower than the number it had been happy to pay before it had studied the books.
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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
