Street Talk

Tyro Payments keeps an ear out for suitors amid share price plunge

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 17, 2025 – 5.00am

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It’s been a long two years for Tyro Payments. The eftpos terminal operator’s shares have halved since it was left at the altar by Potentia Capital, and it would be no exaggeration to say it’s keen to test the waters, again.

Top brass at the company, now with a market capitalisation of about $430 million, are making it clear there is plenty of appetite to discuss the future with a credible suitor. Macquarie is often touted as a potential interested party; Westpac, once a suitor, has moved on.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.