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).
Read more: BNN Bloomberg
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.