Another day, another deal brewing in the mining sector.
This time, Street Talk can reveal CHAMP Private Equity is considering sale options for its civil construction and mining services business Golding Contractors, in an effort to capitalise on the upswing in commodity markets..
It is understood CHAMP has hired boutique adviser Novo Capital to test trade buyer appetite for Golding, one of Queensland's oldest and largest private companies
Sources said the asset, which is the last in the CHAMP II fund, could be worth north of $150 million.
The potential divestment follows a flurry of M&A; activity in the mining services sector including CIMIC's foiled attempt to take over Macmahon Holdings and French construction group Vinci's tilt at engineering group Seymour Whyte.
It also comes on the back of CHAMP's successful exit from Bradken. The John Haddock-led private equity firm did well on that investment, converting shares at $2 each in October after suitor Hitachi had a firm $3.25 bid on the table.
Elsewhere, recruitment platform LiveHire is seeking to raise $12.5 million to accelerate growth initiatives.
The shares will be offered via a placement and priced at 44¢ a share, a 7.4 per cent discount to the last close. Morgans is managing the deal.
LiveHire earlier this month launched an ambitious plan to boost the number of women working in the technology industry and help solve its skills shortage.
The Women in Tech platform aims to create a community of 100,000 women who may not have technology skills but are interested in working in the tech industry.
