This Month
JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A
While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How to make it as an investment banking grad (from those who did)
Five investment banking graduates reveal what they wish they’d known when they began their careers as future dealmakers, analysts and sales traders.
- Jemima Whyte
November
Star’s long-suffering lenders are starting to become very impatient
Of note, it comes as potential bidders start to appraise the potential of Star’s individual assets.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Start-up stars: what’s happened to tech’s Class of 2021
VC firms that wrote huge cheques on very generous valuations in 2021 are now nervously watching Australia’s most heavily backed start-ups. How are they going now?
- Tess Bennett
October
Why this global bank sees iron ore at $US130 next year
Fresh off a 5 per cent plunge in iron ore futures, new analysis from Deutsche Bank shows China’s stimulus package could rocket prices next year.
- Updated
- Alex Gluyas
- Exclusive
- Pubs
Ed Peter’s Duxton Pubs dangles 2025 IPO as it seeks $35m
Some parts of Peter’s South Australian business empire have come under pressure as investors get cold feet.
- Primrose Riordan and Sarah Thompson
- Opinion
- World markets
China’s stock rally for the ages shows power of crowds
It could take months until we know the real economic impact of Beijing’s latest stimulus round. But markets are not hanging around to find out.
- Katie Martin
September
Jefferies sponsors, industrials star banker poached by rival firm
Griffiths’ rise was highlighted by this column’s Private equity’s hot shots: 20 dealmakers under 40 in December 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Australia’s most powerful deal makers in 2024
If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Jon Adgemis’ vintage yacht seeks buyers
The debt-laden baron is seeking a humbler life, without his 95-foot yacht Hiilani.
- Updated
- Mark Di Stefano
Hedge fund OCP Asia kicks can down the road at National Group
OCP has convinced National Group’s new senior lender line-up to make cash distributions to OCP, providing it hits hurdles on key financial metrics.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More exclusive than any restaurant: how top deal makers dine
Investment banks and law firms have fostered a thriving in-house dining scene where they can break bread away from prying eyes.
- Aaron Weinman
July
Shares up as UK treasurer vows to ‘work hand-in-glove’ with business
The FTSE 250 touched its highest level since April 2022 as Sir Keir Starmer became prime minister, powered by a rally for home-building stocks and property companies.
- Updated
- Chris Price, Alex Singleton, Ben Riley-Smith and Szu Ping Chan
Deutsche Bank backs $210m Bendigo Hospital public-private refinance
Street Talk understands the German bank has come in as the project’s long-term lender, refinancing an existing bank syndicate.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Deutsche Bank trades its Adgemis debt; kicks off Gemi talks
Street Talk understands major lender Deutsche Bank has traded positions in five assets to US private credit group Muzinich in recent weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hollywood’s Jon Adgemis scores another courtroom cameo
Sweet dreams are over for Jon Adgemis – who has shown this country the true potential of private credit as an asset class – with reality closing in.
- Primrose Riordan
Deutsche Bank nabs macro sales head from rival
Laura Fitzsimmons had been with JPMorgan for more than 12 years, appointed head of Australia rate sales in 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
National Group gets its $210m refinancing; Gordon Brothers paid out
Barclays, which was in the thick of National Group’s long-running refi negotiations, tapped out in the final lap, after failing to get internal approvals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
- Exclusive
- Food & drink
Jon Adgemis strikes $400m refinancing deal to save pub empire
The former KPMG dealmaker will likely stay on as executive chairman of his Public Hospitality Group after reaching a deal with Deutsche Bank to avert collapse.
- Primrose Riordan
ANZ pushes to reverse fine for $2.5b cap raising blunder
The Federal Court ultimately levelled a $900,000 fine against the financial institution for not informing investors about the shortfall.
- Lucas Baird