Via the AFR, the failed float is mulling it options:
It’s action stations at beleaguered real estate group McGrath.
Street Talk understands a handful of private equity firms are circling the company and some heavy hitters are helping founder John McGrath to consider his options.
It’s understood Anchorage Capital, Adamantem Capital, Advent Partners and Crescent Capital Partners are among firms which have run the numbers on McGrath. Street Talk is not suggesting an approach has been made to the board, or that talks are under way.
However, Wilsons is on deck to assist with fielding any offers for the company ahead of a formal end to an escrow period – for about 46.3 per cent of total issued capital – on September 8.
Failed float. Failed strategy. Failing market.
Why would anyone want it?
