December 2023
- Opinion
- Chanticleer
Good riddance to Link, an ASX rollercoaster
The company is systemically important to Australia’s superannuation system. But it didn’t always behave that way.
- Anthony Macdonald
Japanese giant MUFG in $1.2b buyout of Link Group
Link chairman Michael Carapiet says the group “stubbed our toes a couple of times” with poor decisions, concluding its time on the ASX with a $1.2 billion Japanese deal.
- Updated
- Simon Evans
- Opinion
- Chanticleer
What’s behind Monday’s $5b deal frenzy
A burst of pre-Christmas deals isn’t unusual. But the impressive market rally in the past six weeks has helped unstick some deals that have been simmering for some time.
- James Thomson
August 2023
Link plunges to $418m loss on British woes
An acquisition in the United Kingdom in 2017 has been a disaster for Link shareholders, with the complex untangling of the asset now weighing on the company.
- Simon Evans
July 2023
Link Group shares tumble as start-up rival snatches big client
The troubled ASX 200 fintech stock has lost a major superannuation contract to fast-growing administration player Grow Inc, causing its shares to drop.
- Jessica Sier
April 2023
Link Group’s UK horror show to end by mid-2024
UK authorities back a deal where Link will pay $436 million compensation to investors who lost money in the collapse of a Woodford retail investment fund.
- Simon Evans
February 2023
Link tumbles to big loss on UK strife
While CEO Vivek Bhatia is cutting costs hard, shareholders who bought into the float are nursing big losses on paper.
- Simon Evans
Link nears an end to costly UK nightmare
The share registries company has written down the value of its troubled British business by $449m as a sale looms.
- Simon Evans
January 2023
Link Group’s UK troubles piling up after third class action
Three British law firms are pursuing the company’s subsidiary after it froze redemptions in 2019 in a $6 billion retail fund which collapsed.
- Updated
- Simon Evans
December 2022
- Exclusive
- Superannuation
US giant SS&C muscles in on ex-target Link’s turf
A $3 billion bid for Link Group was pulled after due diligence two years ago. The $18 billion US giant has a different approach in Australia now.
- Simon Evans
Dye & Durham abandons bid for parts of Link Group
Link CEO Vivek Bhatia said the group gave suitor Dye & Durham “a fair go” but it’s now time for some clean air and less distraction.
- Simon Evans
Pack ’em Dye & Durham: Link calls time on talks
Link Administration Holdings has called off talks with Canada’s Dye & Durham, after the suitor was unable to come good on its indicative offer for parts of the company.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Link asked to defend AustralianSuper contract amid M&A blues
Just when investors thought things could get no worse for Link Administration Holdings this year, its big-ticket client AustralianSuper has fired the starter’s gun on a contract review.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
November 2022
Link hit with second strike on pay as chairman laments failed buyouts
Chairman Michael Carapiet says a “never-ending cycle” of corporate buyout attempts has been a drain on cash and time.
- Simon Evans
Link chips off $105m Pexa stake
Link has sold a 4.3 per cent stake in electronic property settlements business Pexa in a block trade via UBS and Macquarie.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
October 2022
Link Group warns of ‘distraction’ of second strike on pay
Chairman Michael Carapiet and his board say the distraction and cost of a board spill meeting is something the group could do without.
- Simon Evans
Link to sell UK unit that wrecked $2.5b takeover
The takeover target aims to cut loose the troubled British arm with $600 million in fines and liabilities hanging over it from a 2019 fund collapse.
- Simon Evans
NAB’s class action nemesis targets Link Group
Aussie-run UK class action firm RGL, which has for years pursued NAB, has kicked off a case that will be the third lawsuit Link faces from the Woodford saga.
- Hans van Leeuwen
Dye & Durham makes headway with $1.27b Link deal
The Link board is holding talks with the Canadian group about a partial buyout, but they have kept them “non-exclusive”, opening the door for others to step in.
- Simon Evans
Link gets new $1.27b bid for a large chunk of group
Canada’s Dye & Durham has made a fresh $1.27 billion bid for a large chunk of Link Group which the target’s board says it is now considering, after rebuffing two partial buyout proposals made in secret a few days earlier.
- Simon Evans