Hirepool confirms IPO plans, prospectus next week, said to raise $250M

Mon, 09 Jun 2014

By Jonathan Underhill June 9 (BusinessDesk) - Hirepool, the equipment rental company controlled by Australian private equity firm Next Capital, has confirmed plans to go public with an initial public offering, said to be aimed at raising $250 million. The Auckland-based company said it expects to register a prospectus on June 16, with the issue price set by a bookbuild. On listing, Hirepool may have a market value of about $300 million, with Next Capital retaining a minority cornerstone shareholding, sources close to the sale process said...

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