Hirepool may be 'dusted off' for a trade sale after IPO plan shelved

Tue, 03 May 2016

By Tina Morrison May 4 (BusinessDesk) - Hirepool Group, the equipment rental firm majority owned by Tenby Powell and Sharon Hunter, may be headed for a trade sale after plans for an initial public offering two years ago failed to get enough support, according to report by the Australian newspaper. Australian private equity firm Next Capital in June 2014 abandoned plans to sell shares in Hirepool as part of a $262 million initial public offering after concern from institutional investors that on market support for shares of the unprofitabl...

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