Maas Group in $100m raising at $4/sh

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Maas Group in $100m raising at $4/sh
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Contractor Maas Group is set to tap investors for $100 million in fresh funds in a raising via Morgans and Moelis.

Contractor and equipment hire company Maas Group is set to tap investors for $100 million in fresh funds in a raising via Morgans and Moelis.The company’s founder/CEO Wes Maas is expected to take about two-thirds of the deal, in line with his existing shareholding.At $4, the deal would be a narrow 1.2 per cent discount to the last close of $4.05. The company had a $1.

co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

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