Today
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.
Yesterday
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.
Barrenjoey board reshuffle sees Barclays’ oversight widen to APAC
Barclays head of Asia Pacific Jaideep Khanna will become an alternative director on the Barrenjoey board.
StrongRoom AI’s latest financials herald big losses for its investors
Sources said StrongRoom AI’s updated balance sheet lists $14 million in assets, about half of which is StrongRoom AI’s investment in loyalty programs business Members Benefit Australia at $7.5 million.
Bain Capital nabs special situations managing director from Brookfield
Rahim Chunara spent four years at Brookfield and sat on the board of troubled hospital operator Healthscope as a non-executive director.
TAL Dai-ichi Life hires BofA for Challenger buy; Jarden, GS on defence
Japan’s Dai-ichi Life to buy 15 per cent of Australian insurer Challenger.
Ex-CBA business banking chiefs land at real estate group
Mario Saia and Andrew Hazell will establish a debt advisory arm under the HTL Group.
This Month
Allegro Funds inks $375m industrials exit
Five V will pick up Allegro’s majority stake in Questas, putting a roughly $375 million enterprise valuation on the hydraulics and water brands owner.
French giant sells local EV charging biz to PEP, Brookfield’s Intellihub
The agreement includes a larger partnership that would see Engie’s sizeable retail customer book use Intellihub’s behind-the-meter electrification technologies.
Broken Hill Mines’ $94m reverse listing recut; offer upsized
Blue Ocean Equities has cobbled together a $20 million raising at 35¢ per share, representing a $94 million market capitalisation – nearly double the original size.
iPartners joins Bis Industries’ $110m debt refinancing
Under the deal, Carlyle and Varde has committed to injecting $50 million to $60 million to allow for a full refinancing and to leave Bis with some working capital.
Judo Bank trio walks to set up debt advisory biz
Co-founder Nav Ganegoda ran $1 billion in funds or around 10 per cent of the challenger bank’s total lending book at its peak in 2024.
C’est parti! France’s Vinci bids for $3b Cairns, Mackay airports
The French infrastructure player has lobbed a non-binding indicative bid for the North Queensland airports and is up against Sojitz Corporation and Japan Airlines.
JPMorgan nabs natural resources banker from rival
The Wall Street bank has lured Bank of America co-head of natural resources research coverage Matt Chalmers.
Singapore’s GIC to acquire $1b-plus stake in NSW’s Transgrid
UTA’s sale has played out in parallel with fellow shareholder OMERS’ negotiations to sell a 19.99 per cent stake, acquired for $2 billion-plus in 2020, to the Future Fund.
RBC shops at Morgan Stanley for hedge fund sales trader
Head of equities Karen Jorritsma told staff in an internal memo on Thursday the investment bank had lured across Sutton from Morgan Stanley.
Aware Super ropes in ex Future Fund CIO, Mac bigwig
Both have been appointed for an initial period of two years, and will oversee the management of the investment portfolio as well as advise Aware Super’s board
BAFO alert: One more round for Scape, GIC in $3b Aveo sale
Bids for Aveo, the country’s second-largest retirement living provider, were said to be close enough in price to warrant a best-and-final stage
Goldman Sachs veteran named Bank of America head of ECM
Street Talk understands staff were told Ian Taylor had joined the investment bank in an internal memo on Wednesday.
Citi energy and utilities research lead snares corporate gig
Street Talk understands Byrne has signed on with Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG.