Yesterday
Surging international flights leave airports bullish for year ahead
A return of American and Chinese carriers has pushed overseas routes to their highest levels since the pandemic. It may not mean dramatically cheaper fares.
- Jenny Wiggins
This Month
Macquarie’s embattled UK water asset gets go-ahead to jack up bills
Southern Water’s debt was downgraded to junk status this year, and regulators have prevented the company from paying its Australian owner any dividends.
- Hans van Leeuwen
Natixis’s Mirova backs millions into EV charging biz JET Charge
Natixis Investment Managers-affiliate Mirova led the $72 million funding round via its energy transition strategy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors on alert as Bingo debt trades around 80¢
There’s no action yet, but special situation funds the world over – which specialise in trading discounted debt – are certainly having a look.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EY seeks buyer for $60m-a-year revenue data centre infrastructure biz
Street Talk understands EY’s deal team has been appointed to sell the18-year-old business which makes around $60 million revenue.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Downer EDI, Ventia Services execs named in price-fixing allegations
The contractors’ shares tumbled as investors worried whether the allegations would hurt their ability to win tens of billions of dollars of future Defence contracts.
- Jenny Wiggins
Bigwig lenders line up to bankroll Carlyle’s big waste services buy
Confidential documents seen by Street Talk show the Nasdaq-listed asset manager has secured a covenant-lite unitranche loan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
John Holland overhauls executive team as projects struggle
John Holland is searching for a new CEO and its major projects boss will leave in January.
- Jenny Wiggins
Stokes’ Seven misses out on BGC cement deal
Kerry Stokes’ Seven Group was the underbidder in the auction for the cement business owned by the late Len Buckeridge.
- Mark Wembridge
Plenary CEO avoids conviction after guilty plea
Two charges related to resisting and assaulting police were withdrawn after David Lamming’s guilty plea was accepted by the local court.
- Max Mason and Zoe Samios
Allier, William Blair to shop $31m-a-year blasting biz BlastOne
Corporate advisers are early in the process but have begun reaching out to family offices and local and international private equity-types.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Sponsored
- Cocoon SDA Care
Improved wellbeing is a key impetus for ‘exceptional’ care and more disability housing
In the midst of an acute housing shortage, some of Australia’s most vulnerable people are feeling the impact, prompting private companies to step up to the challenge of providing specialist disability accommodation (SDA) with financial support from the government.
Sponsored
by Cocoon SDA Care
- Sponsored
- D-TAL Engineering
Making roads worthy gets tougher amid changing needs, extreme weather
Dan Talevski’s primary focus in his civil design business, D-TAL Engineering, is to provide solutions that align with the environments our roads inhabit and the needs of the people who use them. And, of course, that they are as safe and as forgiving as possible.
Sponsored
by D-TAL Engineering
- Sponsored
- F9 Project Services
Avoiding specialists to manage mega projects a likely ‘false economy’
During uncertain economic periods, the necessity to better manage risk is fostering a renewed collaboration with engineering, procurement and construction management (EPCM) specialists. This approach ensures that construction and engineering mega projects are delivered on time, within budget and according to specifications.
Sponsored
by F9 Project Services
Japanese suitor straps in for $3b North Queensland Airports auction
Japanese trading house Sojitz is trying to pull together a bidder consortium for the up-for-grabs Cairns and Mackay airports.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Singapore’s sovereign fund GIC acquires stake in Brisbane Airport
GIC has acquired about 5 per cent of Brisbane Airport at a time when it has posted record revenue and has a $5 billion spending plan over the next decade.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
Macquarie offers $1.4b in cash in fresh bid for Renewi
The asset manager said it has reached a preliminary agreement with the London-listed waste management company on a possible cash offer.
- Aaron Kirchfeld and Vinicy Chan
One of the few remaining building groups on the ASX hits the gas
Maas Group was founded by former Rabbitohs player Wes Maas two decades ago. With three acquisitions in one day, it is turbocharging its expansion plans.
- Simon Evans
- Opinion
- Chanticleer
IFM’s $110b man hunts for new growth 30 years after the ‘big bang’
IFM Investors’ infrastructure boss says Australia has led the world in building the asset class over three decades. Now he sees three areas of growth.
- James Thomson
IFM Investors throws another $24m at Atlas Arteria shares
The trade was done at $4.85 a share, and should take the company from 29.88 per cent of the register to just over 30 per cent.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worley narrowly dodges strike on remuneration report at AGM
The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.
- Jenny Wiggins
Mick Fanning’s next investment is a new wave resort
Fanning is an investor in a $300 million surf and golf resort with a wave pool. The three-time world champion hopes will be a place to learn and compete.
- Zoe Samios
IFM Investors’ stake in Atlas Arteria creeps up to 30pc
The infrastructure investor paid $4.96 per share – or a skinny 2.3 per cent premium to the on-market trading price – in a block trade handled by Jarden’s equities desk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Moody’s downgrades Macquarie’s UK water company to junk
The ratings agency said Southern Water’s poor performance made it especially vulnerable to political, regulatory and financial pressures on the wider sector.
- Hans van Leeuwen
Macquarie makes 50pc gain in $3b British airport sell-off
The asset manager was forced to sell off three UK airports as it winds down a closed-end fund. It joins a slew of recent transactions in the frothy sector.
- Hans van Leeuwen