Street Talk
Xpansiv spin-off pounds pavement with convertibles deal
Remember Xpansiv? The carbon trading infrastructure business was last valued at $US1.4 billion ($2.18 billion), after hitting the brakes on its ASX listing in 2022.
Now, a unit that was once a part of the empire is back in front of investors and seeking to secure financing via a convertibles note deal.
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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