Yesterday
Ex-KPMG consultant lands global VC funding for AI start-up
California-based venture capital firm Aliavia Ventures and No Brand Holdings led InsightWise’s $1 million oversubscribed pre-seed round.
MS crosses $80m line in Guzman y Gomez; eyes on TDM
Of note, the size suggests early backer TDM Growth Partners as the most likely seller.
This Month
Oaktree Capital kicks off debt process for GenesisCare
It is understood McKnight will seek to refinance the so-called “take-back debt”, a facility that was arranged and funded by the Oaktree-led consortium of financiers.
Lew jnr bolsters retail group with Salt&Pepper deal; plots expansion
Homeware and kitchenware retailer Global Retail Brands has struck a deal to acquire Melbourne-headquartered Salt&Pepper.
UBS launches $NZ217m EBOS Group placement to fund acquisitions
New shares were priced at $NZ36.65 – a 5 per cent discount to the last close price.
EQT Partners taps sellside adviser for $30m-a-year Nexon Asia Pacific
EQT’s Mid Market Asia fund has held a majority stake in the IT services outfit since July 2019.
AustralianSuper-backed Federation Mining gears up for second half IPO
The New Zealand gold player, which is 90 per cent owned by AustralianSuper, has been talking to mid-tier brokers about a potential listing.
CEOs pile onto Macquarie conference agenda as volatility reigns
The conference – which is in its 27th year – normally signals the start of ASX confession season.
Mining software biz Dingo calls in Lazard’s bankers
Sources said Dingo is being shopped with $US16 million revenue forecast for next financial year.
Metrics-funded Northern Beaches development heads for court
Street Talk understands Metrics briefly paused funding the Sam Mustaca-led residential development in Sydney’s Warriewood.
Galan Lithium considers capital raising after knocking back bid
Galan is the 100 per cent owner of HMW, which – as it reminded investors at its half-year accounts – is next to the Fenix project owned by Arcadium Lithium.
TPG buys majority stake in home care biz Five Good Friends
TPG’s Joel Thickins said Five Good Friends’ mission closely aligned with the firm’s focus on backing tech-enabled businesses with the ability to improve healthcare outcomes.
Point72 poaches Carlyle Credit dealmaker to spearhead new strategy
Street Talk understands Jay Ditmarsch has joined the top hedge fund in New York.
PEP talk: Markdowns at The Man Shake but Fund VII set for $3b close
Sources say PEP is now valuing Cranky Health at less than its initial outlay, as the business battles high input costs and weaker demand amid cost of living pressures.
Chris Hadley’s Blackbird Ventures windfall
Sources told this column the private equity bigwig tipped in a fair chunk to Blackbird’s first-ever raise via his family trust.
$500m revenue family-owned pork processor kicks off sale; flyer out
BE Campbell has grown revenue 130 per cent over the past 15 years and is forecast to deliver more than $500 million revenue this financial year.
Redundancies at StrongRoom AI amid fire sale; eyes on CEO
All eyes are on co-founder Max Mito, a defendant in a court case filed by EVP, who is expected to table a bid to buy back the business at cents in the dollar.
PEP bows out at Advent’s Imaging Associates
The radiology sector has offered up rich pickings for buyout firms in recent years.
Is the PE shootout for Insignia under threat? Markets think so
Insignia’s share price dropped 11 per cent in the first hour of trade on Monday to $3.50 per share, caught in the Trump tariff turmoil.
Endeavour’s Ari Mervis gets the broom out amid portfolio review
Ari Mervis is using the oldest trick in the book to placate shareholders – cutting costs, starting with staff.