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Ironbridge eyes up to A$300m from IPO of business behind ‘first IVF pregnancy’

27 May 2014

pregnant baby birthAustralian private equity firm Ironbridge is reportedly eyeing up to A$300m through a flotation of fertility businesses Monash IVF.

The firm has held Monash since 2009 and now plans to sell a 66 per cent stake in the business according to Reuters, which cited a source involved in the deal.

That stake could sell for between A$267m and A$298m, the source added.

Monash claims to have completed the first IVF pregnancy in 1973.

Last week private equity-backed Australian fashion retailer PAS Group raised A$120m as it prepared to go public, The Australian said.

The IPO prices the company at 8.9 times the group’s expected 2015 profits.

PAS is the parent company of Australian fashion brands Metalicus, Review, Yarra Trail, Black Pepper and Marco Polo, and will list on the Australian Securities Exchange on June 18.

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