Barrenjoey’s equities desk crossed two lines in COG Financial Services just ahead of the market close on Thursday.
Already a subscriber?The debris of First Sentier’s $700 million Australian micro-cap fund is still floating around, three months after the strategy was axed.Barrenjoey’s equities desk crossed two lines in asset finance broking group COG Financial Services just ahead of the market close on Thursday, totalling 9.4 million shares.which shut down its Australian emerging companies fund in April. Shares were sold at $1 apiece, a slight discount to the $1.08 trading price. They represented 4.
COG, headed by Andrew Bennett, has been active on the M&A circuit over the past year. It lobbed an 11th-hour bid for Diverger, the ASX-listed licensee services group which had already agreed to be acquired by rival financial services outfit, Count Limited. The latter won the battle. Cameron McCullagh, the brains behind COG and an executive director, was the chief operating officer of Steadfast Group between 2011 and 2014 and the chief executive of workers’ compensation claims provider EML. Together, fund manager NAOS Asset Management and GEGM Investments, a company belonging to McCullagh’s wife, control just under half of COG.
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.
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