Final appointments expected in coming days.
Yesterday, The Australian reported that Goldman Sachs has won the joint lead manager role on the $900 million float of The Good Guys. However, a spokesperson has told Appliance Retailer that the appointments have not been finalised, although confirmation can be expected in the “next few days”.
Credit Suisse has also been tipped to win, although Bank of America Lynch could be another likely candidate, as it has been advising the company on talks with potential trade buyers.
The Good Guys CEO Michael Ford
As previously reported by Appliance Retailer, The Good Guys invited banks to pitch for a possible mandate on the IPO and received interest from many of the major investment banks around the country. These banks included Morgan Stanley, Citi, UBS, and Deutsche.
It is likely that at least two joint lead manager roles will be awarded as The Good Guys explores both a trade sale and prepares for a float as part of dual track process. The retailer has reportedly drafted in Helfen Corporate Advisory to navigate an exit.