The australian

Private equity firm Champ is believed to be considering a sweetened deal for the mining services provider Bradken after its attempts to secure about 49 per cent of the company were rejected.

It is understood the UBS-advised suitor, which already has an interest in the business, remains committed to buying part of Bradken, not the company in its entirety.

Bradken is working with Highbury Partnership, and while the company is understood to have not yet had any fresh approaches for the business, bankers are said to be hard at work.

The previous offer was made to the company in March, but was rejected by the board as too opportunistic.

The play by Champ for Bradken comes as some priv