A group of investors led by Macquarie Group Ltd. is expected to acquire infrastructure services business Potters Industries from private equity firm TJC, in a deal valuing the company at approximately $1.1 billion, according to people familiar with the transaction.
Macquarie will acquire Potters via Macquarie Asset Management, alongside US-based Partners Capital and Australian pension fund UniSuper, which will come in as co-investors, a representative for Macquarie confirmed.
The Australian asset manager’s play for Potters — which makes glass beads for industrial use — comes after the firm in February took a majority stake in DynaGrid Holdings, ...
