The board of Brisbane-based engineering, procurement and project management company Ausenco on Tuesday recommended a takeover offer from private equity firm Resource Capital Fund VI (RCF VI), which valued the company at A$153.7-million.
Ausenco had formed an independent board committee (IBC) in May to consider RCF VI’s proposal to privatise the company by way of a scheme of arrangement. The private equity firm offered shareholders A$0.40 a share.
