Breakfast Deals: IRESS’ British invasion

IRESS is playing it sensible as it launches its UK acquisition bid, while Monadelphous is rumoured to be sniffing around for a stake in Service Stream.

IRESS is expanding into the UK market but still playing it safe with its debt levels and capital raising. Meanwhile, Monadelphous is reportedly offering a hand to embattled Service Stream and the Future Fund could be poised for a Sydney payday.

IRESS, Avelo FS Holdings

Financial markets technology company IRESS has thrown up a $206 million rights issue to fund its charge into the UK market through a £210 million ($362 million) acquisition of Avelo FS Holdings.

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