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Credit Suisse wins pitching contest for Greencross block

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Street Talk. James Davies

• by
• Sarah Thompson
• Anthony Macdonald
• Joyce Moullakis

Credit Suisse is understood to have won a pitching contest for private equity's $80 million-odd stake in Greencross on Monday night.
Street Talk understands Credit Suisse won the trade after it and rival brokers were pitching private equity firms TPG and The Carlyle Group who, along with former Greencross executive Jeffrey David, have a combined 15 per cent stake in the veterinary and pet shop group.
The group had been seeking to acquire Greencross earlier this year, however it's run was unsuccessful.
It's understood the block was done at $7.30 a share.

Greencross shares closed at $7.98 on Monday, their highest level in more than one year.
The pitching comes only three months after Macquarie handled a 4 per cent stake in Greencross, on behalf of Quadrant Private Equity.


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