Jul 27, 2026 – 10.25amVysarn Limited, an end-to-end water solutions provider for mines owned by the likes Rio Tinto and Fortescue, was rattling the tin for $60 million on Monday morning to fund an M&A bet.Fund managers were offered Vysarn shares at $1 a piece, with the proceeds to be applied towards an acquisition of Welltech.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Mining water provider Vysarn seeks $60m for M&A bet
End-to-end water solution provider Vysarn is eyeing an acquisition of rival Welltech.
TL;DRAI
Vysarn raises $60M at $1/share to acquire Welltech, consolidating water solutions for Rio Tinto and Fortescue operations. Consolidation signals ESG-compliance prioritization and infrastructure modernization demand in resource-heavy industrial sectors.
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