The Good Guys Call In Heavyweights, For Float

The Good Guys has appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers to support its planned initial public offer and listing on the Australian Securities Exchange.

They have also bought on board Helfen Corporate Advisory as independent financial adviser.

The Good Guys said that will also consider any alternate ownership proposals that emerge.

A press release sent out by The Good Guys today confirms that the Company has annual sales of approximately $2 billion.

The Good Guys who operate over 100 large-format stores across metropolitan and regional Australia is currently in discussions with JB Hi Fi and South African Group Steinhoff International, any offer from Harvey Norman will not be considered say insiders.

Last week Gerry Harvey Chairman of Harvey Norman appealed to the Australian Competition and Consumer Commission to be allowed to submit a bid.

More to follow:

Credit Suisse, Goldman Sachs, harvey norman, The Good Guys, UBS

About Post Author

David Richards

David Richards has been writing about technology for more than 30 years. A former Fleet Street journalist, he wrote the Award Winning Series on the Federated Ships Painters + Dockers Union for the Bulletin that led to a Royal Commission. He is also a Logie Winner for Outstanding Contribution To TV Journalism with a story called The Werribee Affair. In 1997, he built the largest Australian technology media company and prior to that the third largest PR company that became the foundation company for Ogilvy PR. Today he writes about technology and the impact on both business and consumers.

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