Singapore deal rocks Stepping Stone
Written on the 1 December 2010
CORPORATE adviser Stepping Stone Equity has increased its market power following a management agreement with the Singapore-based FMS Group.
The joint venture will target public unlisted companies with a view to a backdoor listing on the ASX or reverse take over prospects. Capital raisings for two Queensland companies are now underway.
Due diligence has also been completed for NSW -based Darwin Clean Fuels ($900 million), while the Gold Coast’s Coldwell Banker has raised $50 million alongside Brisbane company Rapid Nutrition ($50 million).