This Month
- Exclusive
- Pubs
Redcape set to refresh pubs portfolio with $120m in deals
An unlisted pubs fund run by MA Financial had to freeze redemptions last year. But there’s some good cheer for its investors as funds flow again.
- Campbell Kwan and Nick Lenaghan
Grumpy about Accel-KKR’s bid, LiveHire investor courts rival bidders
Unhappy with Accel-KKR’s bid for LiveHire, M&A arbitrage fund Harvest Lane is shopping 18.31 per cent stake in the HR software business to rival bidders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Kinselas and The Courthouse on the edge amid $61m sale stoush
A fight between a high-flying pub investor and an investment bank has put the future of Sydney’s most iconic pubs under a cloud.
- Updated
- Max Mason
- Opinion
- Chanticleer
Why this global PE giant is backing a $1b bet on Aussie housing
The $120 billion private equity giant, Warburg Pincus, will back MA Financial’s new investment vehicle, which aims to help plug the housing sector’s funding gap.
- James Thomson
MA Financial pens $1b deal with Humm financing vehicle
The investment bank and non-bank lender will acquire up to $1 billion in loans secured against a raft of assets from equipment to machinery.
- Aaron Weinman
June
Great opportunity in hotels, but build-to-rent a ‘catchy title’: Pridham
Andrew Pridham says early in the recovery cycle is when you want to be buying alternative assets like accommodation and pubs, but returns are too low in build-to-rent.
- Larry Schlesinger
May
- Opinion
- Chanticleer
Ken Moelis on Trump, interest rates and Ozempic
The billionaire investment banker thinks Donald Trump has his nose in front in the US presidential race, and that could have ramifications for interest rates.
- James Thomson
April
Healthscope lenders add McGrathNicol to $1.6b debt restructuring
The advisory firm joins Houlihan Lokey in a quest to work out new terms for Brookfield’s private hospitals group.
- Aaron Weinman
March
Brookfield’s Healthscope kicks off lender negotiations amid restructure
While it is early days yet, the situation is reminding sources of pet products business PetSmart’s recapitalisation in 2020.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Yachting yields healthy returns for marina fund
A relative lack of supply of boating berths along the east coast is blowing in favour of marina landlords such as MA Financial, which is expanding its boatyards fund.
- Nick Lenaghan
October 2023
Myhealth founder closes in on Crescent’s home doctor business
It is understood James Liang is working with MA Financial Australia on his tilt for 24-7 Healthcare.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
MA Financial’s big shift raises two fascinating questions
While Andrew Pridham’s firm’s roots are in investment banking, its growth is being made possible by the disruption of the commercial banking sector.
- James Thomson
MA Moelis taps new resources sector boss
The firm has lured Treadstone Resource Partners executive director Adam Bill as its new resource sector coverage lead.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial real estate
Let us help you park that yacht: fund invests in two marinas
Although yachting may seem a luxury for some, marinas stack as a defensive asset class becase the supply of berths is significantly outstripped by demand.
- Nick Lenaghan
September 2023
- Opinion
- Chanticleer
What Andrew Pridham learnt from 30 years of crises
The veteran banker says the current property downturn is nothing like the GFC or the early 1990s recession. But three key lessons from those periods apply.
- James Thomson
More Redcape hotel sales to come, but pub values holding up
Since freezing its Redcape pub fund at the end of June, MA Financial has sold four hotels for a combined $73m. Several more will also be divested.
- Larry Schlesinger
- Exclusive
- Hotels
As good as pubs: MA Financial taps Toga veteran for $1b hotel push
A seed acquisition of a major CBD hotel is expected before the end of the year, says MA Financial chief executive Julian Biggins.
- Larry Schlesinger
August 2023
Frozen Redcape sells Queensland pubs for $28m to Star Group
The buyer of the Aspley Hotel in Brisbane and The Grove Hotel in Mackay is understood to be Star Group, which turns over more than $200 million a year.
- Larry Schlesinger
Nido kicks off $99m IPO book-build with AustralianSuper as cornerstone
The offer price of $1 a share implies an enterprise valuation of eight times to pro forma adjusted EBITDA forecast for the 2024 calendar year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MA Financial logs record fund flows as revenue slides
Moelis Australia saw around 80 per cent of its first half earnings come from asset management, while investment banking was hamstrung by tough conditions.
- Aaron Weinman