Hall Contracting – a family born-and-bred civil construction, dredging and marine civil works company – has kicked off its search for a new major shareholder, targeting private equity teams under pressure to put capital to work.Street Talk can reveal advisory firm Houlihan Lokey has started approaching PE firms and other potential investors, offering them a look at Hall Contracting’s financials and management meetings in an effort to get them to bid for the company.
Five years later, Crescent Capital is looking for its exit. Crescent Capital owns a controlling stake, according to filings with the corporate regulator, while the Hall family’s third generation continues to hold a meaningful position and is involved in running the business. Crescent has a majority stake and two of the group’s four board seats, occupied by Neville Buch and Michael Baster. The Hall family’s Cameron Hall is managing director and chief executive officer, while the fourth director is Victoria “Tory” Richards.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.