Yesterday
Blackstone real estate operative jumps to Wentworth
Real estate debt strategies managing director Issa Chehab has left the US private capital giant after a decade.
US giant KKR named preferred bidder at Aware’s $1b-plus chicken grower ProTen
Street Talk understands the private capital juggernaut, led by Andrew Jennings, ruled the roost with a bid around $1.3 billion.
Global buyout firm steamrolls auction for Permira’s I-MED
While it is not known if Stonepeak has secured exclusivity over the asset, negotiations are said to be well-advanced.
Kiwi classifieds juggernaut Trade Me in $2b refinancing; sale next
New Zealand’s biggest online classifieds and auctions player makes more than $NZ350 million in annual earnings and is expected to be worth about $4 billion.
100 days in: These global fundies have outperformed under Trump
Doug Tynan’s GCQ, Brisbane funds house Hyperion and Stephen Arnold’s Aoris are leading the pack.
This Month
Nasdaq-listed engineering services giant swoops on Adelaide’s SAGE
Nasdaq-listed Tetra Tech will acquire 100 per cent of founder and employee-owned SAGE Group Holdings.
Wentworth buys $200m asset for $1.5b BlackRock life sciences JV
The North Ryde deal comes after Wentworth in 2023 struck a deal with Sydney University to develop a $500 million life sciences hub.
WiseTech sets aside controversy as it plots $3.5b M&A play
The logistics software giant is mired in investor unrest but has been working on the biggest deal in its three-decade history, eyeing a New York-listed rival.
Judo Bank’s fundie presentation spooks the market, ends in confession
What caused the specialist business lender to come clean about lower-than-expected growth this quarter? Perhaps it was a private briefing two days earlier.
Rox Resources launches $40m equity raise
New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.
L1 taps MacCap for Platinum Asset Management merger
Macquarie Capital’s head of financial institutions group, Laura Golis, is advising the Melbourne-based hedge fund.
FIIG Securities sold to Nomura Research’s AUSIEX
FIIG made $25.7 million revenue in the 2024 financial year, and two years ago was subject of a circa $27 million hostile bid from Income Asset Management.
Larry Diamond-backed venture debt firm Mighty Partners eyes $100m fund
Diamond invested in Mighty Partners in recent months, slotting in behind its largest shareholder, founder of online broker Stake, Matt Leibowitz.
April
New Zealand’s biggest telco Spark launches data centre sale
Sources said Jarden has commenced mailing out flyers to infrastructure funds, asking them to prepare bids for a circa 50 per cent stake in Spark’s platform.
Aeris Resources gathers support for equity raising; Bells on ticket
The copper producer was looking for about $70 million in new equity and had hired Bell Potter Securities to oversee the deal.
Attalis tows Vic Business Growth Fund into industrial parts biz Kinder
The deal was equity funded, and Kinder is understood to be reserving its debt capacity for bolt-on acquisitions.
Project Hawke: Bridget Loudon’s Expert360 hunts capital partner
Bridget Loudon’s online jobs platform is gearing up to make a major acquisition.
Abacus Storage King’s manager calls in bankers as board vets $1.9b bid
On Tuesday evening, the smart money was betting Abacus Storage King is far more likely to extract a price bump out of its present suitor than drum up a new one.
Silicon Valley’s Stripe eyeballs Tyro’s languishing share price
Investors have become increasingly sceptical the ASX-listed payments group can compete against massive international rivals and the country’s major banks.
Best IB research and trading teams revealed by Peter Lee rival
UBS Australia may not be top of the ECM league tables, but it’s sell-side research analysts are hot among the biggest commission payers on the street.