Today
UniSuper withdraws Tanarra Credit Partners’ mandate; dealmaker resigns
The industry fund has yanked a multimillion-dollar private debt mandate as it seeks to consolidate its private credit strategy towards the bigger end of town.
- 1 min ago
David Di Pilla swoops on $2b data centre group Global Switch Australia
The assets, two big developments in inner Sydney, will anchor a $1 billion real estate play that the veteran dealmaker intends to list later this year.
- 1 hr ago
E&P hires from Cooper Investors as healthcare analyst heads to Regal
The three hires were announced internally to E&P staff on Thursday morning.
MA Money launches $500m RMBS deal
The deal comes a year after MA Money made its first securitisation, then the largest inaugural non-bank RMBS by a lender in Australia’s history.
Air Vanuatu emerges from administration with EY-led restructure
The Pacific nation’s courts approved a plan to transfer shares in the flag carrier to AV3 Ltd – a 100 per cent government-owned vehicle – on Wednesday.
AirTrunk pumps Macquarie, Goldman Sachs up the M&A league table
It only takes one large headline-grabbing deal to push an investment bank to the top of the league tables and this year it’s all about AirTrunk.
Yesterday
MS, BofA shop $271m block trade in Pilbara Minerals
Sources said the block trade was a secondary share sale stemming from an equity collar transaction for China’s Gangfeng, which owns 5.7 per cent of Pilbara.
Mystery investor revealed in Macquarie, Aware’s $6b tilt for TPG fibre
Should the deal proceed as expected, UniSuper stands to emerge as an indirect minority owner of Vocus, taken private by MAM and Aware for $3.5 billion in 2021.
Barrenjoey nabs CLSA operative to head up global sales
Street Talk understands CLSA institutional equity salesperson Amy Mallace has jumped across to the “vertical village”.
Navis Capital’s Device Tech stocks up M&A war chest
Street Talk understands Device Tech’s lenders have blessed the pan-Asian buyout firm’s decision to raise $150 million in fresh debt to fund M&A.
New York, New York: Regal head of trading strikes out on his own
Rushmont’s senior advisory board includes former Morgan Stanley Australia chief executive Steve Harker.
Raptis Seafood out to reel in strategic investor; taps Kidder Williams
The sixty-year old family-owned seafood company turns over $90 million revenue per annum.
This Month
Growthpoint in $132m selldown at Dexus Industria REIT
Growthpoint is bidding farewell to the REIT after seven years on the register.
PE investor Straight Bat gets into the events marketing game
Mid-market private equity firm has made the eighth investment from its Perpetual Legacy Fund, acquiring a majority stake in a Sydney-based marketing company that services the IT sector.
NAB restructures markets, corporate finance division, more jobs to go
Redundancies are back on the agenda at National Australia Bank, a year after key personnel were cut loose.
OPTrust, Partners Group seek $500m exit at Victoria’s Ararat wind farm
The 75-turbine Ararat was Australia’s third-largest wind farm in terms of planned capacity when it started being built in 2015. Now, it is up for grabs.
$100m-plus-a-year Symal seeks ASX listing; hires two banks
Symal is eyeing $1 billion in revenues and $100 million in earnings as it mandates advisers for a sharemarket float.
Seven West, Network 10 edge towards TV deal at Southern Cross
Sources said SCA was negotiating with Seven and Ten around the $15 million to $20 million mark.
September
Metrics heading for a world of pain at prop-tech platform RealtyAssist
The WA start-up has ruled off a series of capital raises over the past year, including an urgent $38.7 million private placement in January.
Maggie Beer opens data room for organic dairy biz Paris Creek Farms
The sale pitch leans heavily on Paris Creek Farms’ turnaround potential, suggesting it can make four times the revenue than it does under Maggie Beer Holdings’ watch.