Word is seeping out that Macquarie Capital is scouting around for acquisition opportunities on behalf of China's Bright Food, Sucrogen's spurned suitor.
According to The Australian Financial Review, during Bright Food's run at Sucrogen, Rothschild took centre stage on the advisory front, but there were whispers Macquarie was working behind the scenes with the deal team.
Now talk is Macquarie has edged closer to a more central role, although Rothschild and its chairman Trevor Rowe remain close to Bright Food.
Bright Food is still keen for a taste of Australian sugar. In recent weeks, it visited New South Wales Sugar Milling Co-operative, which operates three sugar mills and a refinery, for a chat with chief executive Chris Connors about a potential deal.
Perhaps Queensland-based Maryborough Sugar Factory could also be on its radar?
Since losing out on Sucrogen, Bright Food has flagged plans to invest $3 billion in NSW's sugar, wine and dairy industries.
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