Mark Carnegie seeks Ardent's marinas

Mark Carnegie seeks Ardent's marinas
Jonathan ChancellorApril 17, 2016

Entrepreneur Mark Carnegie is looking at buying Ardent Leisure's marinas business as auctioneer McVay Real Estate works on the information memorandum's release.

The Australian Financial Review's Street Talk column revealed Carnegie's firm M.H. Carnegie & Co is preparing its own search for an equity partner willing to team up on a bid.  

"We would be very interested in speaking to an international party working on this as we believe we are strategically well placed," Carnegie told Street Talk

M.H Carnegie already owns Breakwater Marina in North Queensland.

Ardent's marina come with a $115 million book value unit. 

Ardent's d'Albora Marinas business is the largest marina group in Australia with seven sites including three on Sydney harbour. 

Private equity giant The Carlyle Group is one of the parties circling the theme park, marina, bowling centre and gym owner, Ardent Leisure. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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