Nearmap’s PE suitor fronts investment banks, due diligence almost done

Now, they are watching the clock tick on Thoma’s last leg of due diligence on the ASX-listed tech play. It gave the suitor another week to firm up its $2.10 a share indicative and non-binding bid.

Street Talk wouldn’t be surprised if Thoma’s crew had well-thumbed and marked-up copies of J Capital’s report and rival EagleView’s legal claims tucked under their arms as they worked their way through Nearmap’s data room. Thoma’ waltzing in when it knows all of that has Nearmap investors wondering if the PE firm has weighed the potential fallout from the legal claims and deemed them small enough to take on.

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