Corporate carve out-hungry Australian private equity firms have stepped up their chase at windows and doors maker Jeld-Wen Australia, with indicative bids due to auctioneer Macquarie Capital next week.
Corporate carve-out-hungry Australian private equity firms have stepped up their chase at windows and doors maker Jeld-Wen Australia, with indicative bids due to auctioneer Macquarie Capital next week.
The local PE set is also keeping an eye over their shoulder, watching for specialist industrial buyout funds from offshore., and the owner of big residential doors and windows brands including Corinthian, Stegbar and Breezway. Adjusted EBITDA was $US71.4m , up from $US62.4 million, with the business running at a reasonably stable 12 per cent margin. The locally filed accounts said Jeld-Wen Australia reported $44.5 million profit after tax last year.
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