| Notes |
Mid-market private equity firm Next Capital has teamed up with a United States-based investment manager to take control of an Australian specialist engineering contractor.
Street Talk can reveal Next Capital and The Silverfern Group have agreed a deal to acquire Eptec, which is majority owned by ex-Babcock & Brown bankers Phil Green and Trevor Lowensohn’s investment firm Alceon.
It is understood Next and Silverfern made an unsolicited approach to Eptec and its shareholders, and secured its target after a round of bilateral talks and due diligence. The deal was finalised in recent days, sources said. |