KKR & Co Inc. has hired investment bank Jefferies to help evaluate a potential sale of Australian Venue Co. Ltd., an owner of pubs and other entertainment venues, the Australian Financial Review reported.
Management at the pub chain have been working on long-term forecasts that could help attract buyers, including a $1 billion-plus annual revenue target for 2025, according to the report.
The firm runs about 175 pubs, bars and venues across Australia and New Zealand. The IPO would have raised as much as A$352 million ($240 million).
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