Brookfield dealmakers are preparing to call time on the asset management giant’s Australian portable construction business Ausco Modular in the hope of slashing debt at its parent company, London’s Modulaire.
Brookfield last year ran an investment banking beauty parade to select a sell-side adviser for Queensland-headquartered Ausco, which makes more than $500 million a year in revenue and $100 million in operating profit.
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Sarah Thompson 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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com