business
Jeremy Raper picks up 12pc of fruit canner SPC Global via Jefferies
Jefferies buys about 12 per cent of ASX-listed SPC Global, with activist Jeremy Raper ready to strike.
Key points
- Jefferies bought about 12 per cent of the ASX-listed SPC Global.
- Jefferies bought 52 million shares on Monday and 106 million shares on Tuesday.
- SPC Global is a 108-year-old fruit canning player that recently went through a recapitalisation.
Why it matters. With activist investor Jeremy Raper described as ready to strike, the ownership of SPC Global may shift, according to the article.
Investment bank Jefferies bought about 12 per cent of ASX-listed SPC Global, buying 52 million shares on Monday and 106 million on Tuesday. The 108-year-old fruit canner limped through a recapitalisation this year. Activist investor Jeremy Raper is ready to strike at the company.
Latest updates
Jeremy Raper picks up 12pc of fruit canner SPC Global via Jefferies
The activist investor, newly appointed to manage a $72 million special situations fund, has been quietly building up a stake in SPC Global. Activist investor Jeremy Raper is ready to strike at SPC Global, the 108-year-old fruit canning player that limped through a recapitalisation this year. Investment bank Jefferies snapped up about 12 per cent of the ASX-listed player, buying 52 million shares and 106 million shares on Monday and Tuesday respectively. 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. Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to on encrypted messaging platform Signal.