Street Talk
Emeco readies cash call for acquisition, Goldman on ticket
Mining plant and equipment provider Emeco Holdings is expected to be in the market this week, seeking fresh funds for an acquisition.
Investors told this column the Ian Testrow-led company was preparing to launch an equity raising, to be handled by investment bank Goldman Sachs. The cash call would accompany the announcement of an earnings-accretive acquisition, subject to market conditions.
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
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
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
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