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Emma Rapaport

Yesterday

Lawyer and banker, turned shareholder activist, David Kingston, has set his sights on L1.

L1 Capital stokes shareholder ire at Platinum Capital LIC

Outspoken activist David Kingston says unitholders are being held hostage by L1 Capital.

Bain Capital’s Mike Murphy. The private equity firm has done well out of Virgin Australia.

Virgin float has Bain in line for $15.9m advisory golden parachute

It will be a nervous wait for the private equity giant’s dealmakers as years of planning come to a head this week with the airline’s return to the ASX.

AIS’ products protect offshore wind farm subsea power cables from over-bending, abrasion and impact.

Global protection products manufacturer taps brokers for $500m IPO

United Kingdom-headquartered AIS is seeking institutional investor support for its initial public offering, signing on with Henslow and Morgans.

This Month

A cervical cancer cell.

Cancer therapy biotech Celleo in private fund-raising round

According to the pitch, while drugs for cancer have advanced significantly, the manufacturing is overly reliant on manual processes and creating bottlenecks.

Campana builds and owns network communication infrastructure, including its flagship SIGMAR subsea cable that stretches more than 2000 kilometres, connecting Singapore and Myanmar

ASX listing candidate Campana puts itself back on the agenda

While it is still early days, listing adviser CLSA Australia did a check-in with potential backers last month.

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Sanjeev Gupta during the early days of his tenure at Whyalla in 2018.

Oaktree in talks to finance Sanjeev Gupta’s Tahmoor coal mine in NSW

Oaktree’s local dealmakers have put forward multiple funding proposals for Tahmoor while competing with one other party, understood to be White Oak.

Celeste portfolio manager Martin Byers is set to enter MA’s Brookfield Place office.

Celeste PM lands at MA Moelis’ sales desk

Martin Byers will enter as an executive director on the small-cap sales desk, reporting to head of equity research Edward Day.

Microba Life Sciences chairman Ian Frazer, CEO Luke Reid and co-founder Gene Tyson at the listing ceremony in April 2022.

Sonic Healthcare set to lift stake in Microba Life Sciences

The raising comes after Microba has lost 36 per cent of its sharemarket value in the past 12 months. 

Family-owned Doors Plus is one of Australia’s largest door retailers, in market since 1989.

Private equity snaps up Aussie brand Doors Plus

Colinton is working with alternative investing platform iPartners to syndicate equity to its network of wealthy clients.

Affinity’s local boss Mark Chudek has refinanced portfolio company Scotpac.

Bain, IFM tip into ScotPac’s $325m refinancing; Affinity nets dividend

Sources said the deal lowers ScotPac’s funding costs, while leaving a significant equity cushion.

NOJA Power MD Neil O’Sullivan with former former premier Annastacia Palaszczuk  during the 2020 state election.

Private capital heavyweights circle Ellerston’s $1b NOJA Power

NOJA founder and CEO Neil O’Sullivan is powering through a fresh batch of investor meetings this week.

CLSA has a new leadership group in Australia.

CLSA shops at MA Moelis for head of sales

Street Talk understands Sandy Isherwood has resigned from MA Moelis Australia and will soon pop up at CLSA.

Goldman Sachs’ Sydney office is in the Governor Phillip Tower.

Goldman Sachs hires head of equity sales from RBC

Goldman Sachs has poached RBC Capital Markets’ James Cornell as its new head of equity sales.

Cygnus Metals is capitalising on the demand for copper and gold stocks to launch a cash call.

Copper, gold explorer Cygnus Metals rattles the tin

The raising comes amid strong prices for the commodities, which have set loose several deals on the ASX.

Brothers Will and Daniel Roberts are the former Macquarie executives who run the Nasdaq-listed bitcoin miner Iren.

Federal Court date looms for Iren crypto bros

The Young Rich Listers fought tooth and nail to prevent being summoned and appearing in the witness box in an Australian court.

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Canva prepares secondary share sale after last year’s $US1.6b bonanza

It could be Canva’s last private round; the company is widely expected to test an IPO in the US in 2026, although its founding trio have not committed to a date.

BAW’s flagship product ATOmate is trying to make accountants more productive.

Canterbury Partners shops accounting automation tool

On offer is a majority interest in the company, which is forecast to deliver $7.7 million in earnings this financial year.

Miles Staude’s Global Value Fund has never had a loss making year.

Staude Capital goes it alone for LIC capital raising

The husband-and-wife duo launched a wholesale placement on Tuesday morning to raise between $10 million and $15 million.

Copper is the talk of the town.

North American buyout firm storms bidding fray for New World Resources

Kinterra’s emergence comes four weeks after New World Resources entered into a $185 million scheme implementation deed with London-listed CAML.

WA gold explorer Meeka Metals launches $40m capital raise

Sole lead manager and bookrunner Petra Capital was rounding up investors at 15¢ a share on Tuesday morning.

Original URL: https://www.afr.com/by/emma-rapaport-p53697