The New Zealand Exchange (NZX), the country's mainboard, has been urged to address a lack of new listings - an issue that has become more acute over the past two years - with some market participants suggesting a merger with Australian Securities Exchange as a solution, according to market participants that spoke to Mergermarket. Napier Port, a port

James Ward in Charlottesville, Virginia, with additional reporting by Mark Druskoff
ElectrifAI’s stable base of recurring revenue makes it a “terrific IPO candidate,” said CEO Edward Scott. He said the provider of machine learning solutions would likely seek an IPO or sale when annual revenue reaches USD 150m, up from the current USD 50m, sometime after 2021. The Jersey City, New Jersey-based company is focused on clients

Health-Ade, the third-largest kombucha brand in the US, has secured USD 20m in equity from existing investor Coca-Cola, according to two sources familiar with the matter.   Piper Jaffray assisted the Los Angeles-based beverage company with its growth capital raise, according to the sources. The transaction took place around early May, said the

by Amy-Jo Crowley in London, with analytics by William Cain
Axel Springer is eyeing the acquisition of Scout24's auto division as the latter mulls a separation of its car and property classifieds operations, two sources familiar with the situation said.   Scout24 has engaged in recent discussions about splitting its ImmobilienScout24 home listings in Germany and AutoScout24 car listings across Europe, the

by Claudia Montoto in Chicago and Richard Tekneci in London
Bombardier is exploring a sale of its Belfast and Morocco aerostructures businesses with financial advisor Credit Suisse, said two sources familiar with the matter.   Marketing materials have been sent to prospective buyers, said three additional sources familiar with the matter. In addition to Belfast and Morocco, Bombardier has included a Dallas

by Dayna Fields in Los Angeles
Fajita Pete’s, a Houston-based restaurant franchise focused on delivery and take-out services, could be ready to entertain exit or minority investment discussions by 2021, said CEO Pedro “Pete” Mora.   At that time, the company projects to generate roughly USD 25 to USD 30m in revenue and have roughly 35 stores open throughout Texas, said Mora,

by Patrick Harris
Azuri Technologies, an Africa-focused pay-as-you-go solar company, is targeting a sale or IPO in three to five years’ time, with its interim financing needs covered by debt capital, said Chief Executive Officer Simon Bransfield-Garth.   The topco equity investors will look for an exit opportunity at a certain date, and Azuri is working towards that

Kasia Patel
Private equity and early stage investors are pouring more capital into prefabrication companies, which are fast disrupting the US construction industry, industry experts said.

by Ketaki Gokhale, with analytics by William Cain
Swiss industrial conglomerate OC Oerlikon Corporation is looking to acquire companies that engineer and treat surfaces, and can spend up to CHF 2.5bn on a single acquisition, CEO Roland Fischer has told this news service.   The Pfaeffikon, Switzerland-based company is exploring deals that would bolster its core surface solutions business, which manufactures

by Elizabeth Brahmana in Jakarta; Riddhima Saxena, Kainoa Blaisdell & Lizzie Ko in Singapore
Diamond Cold Storage Indonesia (Diamond), a private Indonesian producer of milk and processed milk consumer products, is in talks with investors to sell an approximate 25% stake in the company, said seven sources familiar with the matter.