Fletcher Building’s plumbing and bathroom supplies business Tradelink has turnaround specialists crawling all over it ahead of Friday’s deadline for non-binding indicative bids.
Street Talk can reveal Sydney’s Anchorage Capital Partners has hired Grant Samuel and EY to help prepare a bid for Tradelink. It would be competing with cross-town rival Allegro Funds, which has Alvarez & Marsal on the tools.
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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
