August
- Exclusive
- Mergers & acquisitions
M&A crackdown: corporates protest in Canberra
Executives from large companies who are worried about planned tougher laws to block corporate mergers have taken their concerns to Treasurer Jim Chalmers.
MA Financial pens $1b deal with Humm financing vehicle
The investment bank and non-bank lender will acquire up to $1 billion in loans secured against a raft of assets from equipment to machinery.
Billions in private capital increasingly exposed to soured loans: Pimco guru
Christian Stracke, the firm’s global head of credit research, said investors are leaning towards new forms of private capital, particularly asset-backed deals.
- Exclusive
- Responsible lending
Melbourne private capital firm lands in ASIC’s line of sight
Oak Capital describes itself as a “mid-tier” non-bank lender and specialises in real estate financing. The regulator has stepped up it scrutiny of the sector.
More exclusive than any restaurant: how top deal makers dine
Investment banks and law firms have fostered a thriving in-house dining scene where they can break bread away from prying eyes.
Barrenjoey, in the black and paying dividends, finally hits its stride
The firm had been plagued by years of high start-up costs. Big deals for Guzman y Gomez and Suncorp, and a broader business, have turned its fortunes around.
- Exclusive
- Private equity
TPG Capital fine-tunes details for $3b Novotech sale
The private equity firm will push sales documents for its clinical trials business this month, intending to ink a deal by the end of this year.
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
Optus falls out with its mobile towers investor AustralianSuper
The country’s largest super fund acquired a controlling stake in the telco’s infrastructure business for almost $2 billion in 2021. But relations have since soured.
Former Macquarie equities boss Dan Ritchie jumps to the buy side
The former trader has taken the reins at Factory Capital, an investment firm, which has inked deals with dentists and tattoo removalists, among other companies.
- Exclusive
- Private equity
Wingate Group on the sales block as investors circle private credit
The Melbourne-based investment manager is in discussions with a Singaporean suitor about a potential investment or takeover that could be sealed this month.
SkyBus operator hits the market as Macquarie completes global roadshow
But after months of meetings, the investment bank’s deal makers face an uphill effort to sell Kinetic Group at the valuation that they are hoping for.
How Scape saved $8m by shaking off private credit
The student housing operator’s refinancing push has found ample support from global banks looking for alternatives to office property exposures.
Macquarie splashes $816m on giant South Korean data centre
The asset manager’s acquisition comes as it prepares to sell its stake in AirTrunk in a transaction that is expected to value the local giant at $15 billion.
- Exclusive
- Private equity
Ex-Pinnacle executives line up Dinimus in private credit push
Scarcity Partners is closing in on yet another minority investment in an asset manager, in what would be the firm’s second deal since starting in March 2023.
QIC property funds head quits
David Asplin, a 12-year veteran of the firm, has left just days after Michael O’Brien quit as the real estate division head.
July
- Updated
- Investment banking
Macquarie struggles with sluggish deal activity, flags asset sales
The financial services giant told investors that its investment bank had dragged down earnings – flat on last year – for the three months to June 30.
- Updated
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
Private credit must be less secret, say banks, regulators
Chief executives of the nation’s biggest banks say they are prepared to partner with private credit funds but called on major players in the $2.3 trillion sector to provide better disclosures to investors.
The top 10 deals where bankers won big fees in the past year
The country’s largest investment banks shared in an estimated $600 million payday – from capital raisings to IPOs in everything from NextDC to the ailing Star.