Ann: FY24 Half Year Results Presentation, page-25

From TheAustralian:


PEXA back on radar for private equity


Property Exchange Australia is once again back in focus for technology investors, with US private equity firm Thoma Bravo said to have been assessing the business for a potential takeover play.

It is understood PEXA has been on Thoma Bravo’s radar as executives look at a range of opportunities in Australia. It has also been eyeing other targets such as Iress.

Pexa’s share price has come off the boil of late, down to $11.42, with its market value at $2.1bn after the stock traded over $13 a month ago. When Pexa listed in 2021, its share price was around $17.

Thoma Bravo is understood to count Jarden as its adviser as it assesses a number of tech companies listed on the local market.