Bankers have flocked to TPG Capital’s offices in Melbourne today in the hope of snaring a role on the $1.5 billion-plus float of its poultry business, Inghams Enterprises.
It is understood the US-based private equity firm, which snapped up Inghams in 2013 for $880 million, in a fiercely-contested race against arch-rival, Blackstone, intends to list the company in the second half of the year.
As reported on The Australian’sBusinessNow blog, sources said the beauty parade has been held over the past week amid intense competition for the mandates.
As DataRoom revealed earlier this year, Macquarie, is virtually certain to snare a role.
But it is understood Goldman Sachs and Credit Suisse are also strong contenders with three advisory mandates up for grabs.
However Citi, Morgan Stanley and Deutsche are also thought to be in the race.
It is understood Inghams will list on the Australian stock exchange in October or November.
