The private equity giant will take a stake alongside Madison Dearborn Capital Partners, if the Chicago-based buyout group acquires the ASX-listed company.
APM’s exit from the ASX has been a protracted one, with several twists and plenty of private equity interest. Still, it has accepted a $1.33 billion takeover offer from Chicago’s Madison Dearborn Capital Partner and intends to slip off the bourse if shareholders agree to the deal in September.
But not without one more twist – the emergence of Quadrant Private Equity. The Australian buyout giant had been a major APM shareholder between 2017 and 2020, and is now bidding alongside Madison Dearborn.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.is a co-editor of the Street Talk column.
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