This Month
Di Pilla’s HMC Capital does about-face on plans for PE-focused fund
The $18.5 billion asset manager has decided not to close its flagship unlisted vehicle, and increase the threshold for performance fees, after investor feedback.
May
Chemist Warehouse insiders dump shares worth $4.7b in mass exit
One franchisee sold their entire $650 million stake in the pharmacy giant after its backdoor listing, according to analysis of the shareholder register.
Di Pilla grants Healthscope rent relief to keep hospitals open
The owner of 11 Healthscope hospitals says it has had expressions of interest for alternative operators.
Day one at Macquarie: Comeback kids, tech bulls, retail’s key trend
Fireside chats were in and pulpit-style presentations were out. This is what it was like inside the first day of Australia’s most powerful investment conference.
April
Bankers circle Chemist Warehouse founders’ $16b-plus stake
Australia’s largest investment banks are throwing everything they’ve got at wooing the Jack Gance, Sam Gance and Mario Verrocchi ahead of escrow expiry.
Di Pilla spruiks Healthscope bid, says he’ll keep hospitals running
The veteran dealmaker’s HMC Capital has been eyeing the country’s second-largest operator of private hospitals, and says his proposal is “a serious one”.
March
The battle to save Healthscope is about more than money
The fight over the hospital giant will pit heavyweight deal makers against each other. And questions of politics and social licence will make it complicated.
Di Pilla’s HMC Capital is elbows-first with Healthscope proposal
It is understood the approach was made directly to Brookfield, and it remains to be seen if it will pass muster with Healthscope’s lenders.
Unpicking David Di Pilla’s HMC Capital is no easy feat
There’s little doubt the investment manager’s metrics and structure – from fund management charges to fees for acquiring assets – push the envelope.
Healthscope preparing for potential sale after reaching lender deal
The Brookfield-owned private health operator says it is preparing for a potential sale of the business as part of options being explored with its lenders.
Renegade Healthscope lenders to trade debt; Di Pilla marshalls troops
Sources said at least one minority lender is preparing to hold an auction of its position early this week in the hopes of making 40¢ to 50¢ on the dollar.
Tim Sims, David Di Pilla actually want ASIC’s private markets scrutiny
Wise heads of Australia’s private capital sector say the corporate regulator is right to give the industry a health check.
February
Healthscope to close maternity wards in Darwin and Hobart
The Coalition has seized on the shutdowns to accuse Labor of failing to take action to stop the closure of critical health service
What we learnt: The ASX giants sweating on rate cuts
Dexus, Challenger and Judo Bank are hoping for a boost from rate cuts, while HMC Capital has plenty of balls in the air.
David Di Pilla’s HMC Capital eyes Healthscope hospitals
The alternative asset manager and other operators are talking to Healthscope’s landlords about taking over Australia’s second-biggest hospital group.
Healthscope loses chief executive and chairman amid debt pain
The country’s second-largest private hospital operator has appointed former Qantas executive Tino La Spina to take over as it negotiates with lenders.
December 2024
HMC goes on the offensive to woo market bearish on its data centres
The asset manager showed dozens of institutional investors and analysts around its major Sydney site, pointing to optimistic research to back up its plan.
Lapped up at $5, unloved at $4.30 – Di Pilla’s year-end IPO shocker
How do you turn on sentiment if nothing has changed and at a time of the year when institutions turn off the taps?
‘Instant gratification’ investors drive 14pc fall in data centre float
Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.
David Di Pilla says US a ‘huge’ opportunity for data centre REIT
Speaking ahead of the float today of data centre trust DigiCo Infrastructure REIT, David Di Pilla says the much bigger US market is a natural extension of his ambitions.