PEP-backed Collins Foods seeks to raise $255m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, plans to raise up to A$238 million ($255 million) through an IPO. The firm will offer 81.6 million shares priced at A$2.50-2.92 apiece in what is potentially Australia’s largest offering this year, Reuters reported, citing two people familiar with the situation.
Deutsche Bank and UBS are joint leader managers for the float, but final approval for the deal is expected to hinge on the initial response from institutional investors. Australia's equities markets have...
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