APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/14632" target="_blank" data-smartkarma-citation="entities:14632:1">Metcash Ltd (MTS AU)</a> plans to raise AUD 80mn to partially fund its acquisition of Home Timber &amp; Hardware (HTH) Group from Woolworths. Prior to the announcement, in Jul 2016 Metcash had announced that it will participate in HTH's sale process.</p><p>The deal scores marginally positive on our framework but its poor growth in the past weighs significantly on its track record score. However, the acquisition is likely to give Metcash a much needed improvement in earnings and synergies. Moreover, the…</p>

Metcash Ltd (MTS AU) plans to raise AUD 80mn to partially fund its acquisition of Home Timber &amp; Hardware (HTH) Group from Woolworths. Prior to the announcement, in Jul 2016 Metcash had announced that it will participate in HTH's sale process.The deal scores marginally positive on our framework but its poor growth in the past weighs significantly on its track record score. However, the acquisition is likely to give Metcash a much needed improvement in earnings and synergies. Moreover, the…

Metcash Placement - Well Flagged Deal Leading to an Accretive Acquisition