Ferry and bus operator Kelsian Group’s set to pitch equity investors for a $300 million capital injection, with proceeds pegged for an acquisition in the United States.
It is understood Kelsian has had Macquarie Capital’s bankers lining up fund managers to tip into the raising, promising them a look at the M&A target and associated equity deal’s price and terms as early as Tuesday.
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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. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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
