Street Talk
Crowded field down to one as Booktopia emerges with new owner
Less than a month after Booktopia collapsed, the ASX-listed retailer once valued at more than $400 million has a new owner.
DigiDirect, a privately held electronics retailer, has won a McGrathNicol-led sale process which had drawn interest from Brisbane-based, private equity-backed QBD Books and ASX-listed online marketplace Kogan.com.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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