From the AFR late last night. It won't let me post the link but you can google "afr street talk sigma healthcare".
"HMC Capital has tapped a big broker syndicate to try to raise $500 million for its new fund, dubbed HMC Capital Partners 1, and will use its Sigma investment to demonstrate exactly what it’s trying to achieve.The fundraising is expected to launch as early as next week, and starts with about $250 million in pre-commitments from HMC Capital ($150 million) and some of Di Pilla’s deep-pocketed early backers (another $100 million).Sigma Healthcare is likely to feature prominently in the pitch. Sigma’s not recovered from a share price slump four years ago, when it lost a contract to rival EBOS, even though it has invested heavily in its distribution network and is arguably a takeover target post the acquisition of long-time rival Australian Pharmaceutical Industries.HMC Capital’s expected to sit on its stake, talk to management and see whether it can use its well established retail sector network to try to add value to the group."
These guys aren't mucking around.
SIG Price at posting:
56.0¢ Sentiment: None Disclosure: Held
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