August
John Wylie’s Tanarra takes softly-softly approach at NZ wool play
The business makes around $20 million in earnings before interest, tax, depreciation and amortisation on revenue of circa $60 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
PE titans lob bids for Healius’ $700m Lumus Imaging; UBS offers staple
Many have taken a look at Healius’ Lumus Imaging, but it was TPG Capital and Affinity Private Equity that put pen to paper when UBS collected offers last week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Chef knighted with toy sword in Melbourne
Swords were drawn on Monday night at Collingwood’s Smith Street Bistrot, where Scott Pickett received a lofty French honour.
- Updated
- Michael Bleby
John Wylie closes in on maiden private equity exit; snares Accel-KKR
Tanarra is being advised by Greenhill & Co and expects to close the deal in the coming fortnight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Governance
In the end, complexity felled the Lendlease empire
Lendlease was globally recognised for engineering excellence, its ability to build thriving community spaces, and its nurturing of many leading CEOs. Its diminution is instructive as well.
- Tony Boyd
Don’t obsess on overheads, charities told
With many charities stretched to the limit, John Wylie’s pro bono consultancy to non-profits has helped them take stock with a survey of what major givers are looking for.
- Michael Bailey
- Updated
- Cars
Embattled Bapcor gets $1.83b buyout offer from Bain Capital
Shares in the company, which runs 1100 outlets under the Autobarn, Burson, Autopro and Midas brands, climbed 14 per cent after the proposal from the private equity group.
- Simon Evans
- Exclusive
- Private equity
Wylie’s Tanarra eyes $1b for new credit fund, snares ex-HSBC banker
The firm’s latest tilt at private credit will provide long-term loans for investment-grade companies that typically raise capital in overseas bond markets.
- Aaron Weinman
John Wylie’s head of private equity poached by pension fund gorilla
Jeyaraj’s expected to join Ontario Teachers, which oversees $247.5 billion in net assets globally.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
Inside the last days of Lendlease’s global empire
Three of the country’s most senior investment bankers were drafted in to advise the property giant on its biggest reset for at least a quarter of a century.
- Aaron Weinman
- Opinion
- Chanticleer
The two forces driving Lendlease to tear itself apart
For 66 years, Lendlease has been an icon of Australian business. But its global ambitions lie in tatters after a reckoning that’s been coming for decades.
- James Thomson
Lendlease seals truce with activists in radical reset
The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buyback.
- Updated
- Aaron Weinman
Tanarra pushes for change at Bapcor after $100m buy-up
Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is in Tanarra Capital’s sights.
- Simon Evans
Lendlease chairman to step down at AGM
Michael Ullmer has confirmed he will step down at the company’s shareholder meeting in November, but disgruntled investors want more action than that.
- Nick Lenaghan and Joshua Peach
April
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
- Kylar Loussikian
John Wylie bumps into Lendlease’s Andrew Gauci
A shareholder activist and a Lendlease executive walk into a bar. The results are, thankfully, benign.
- Updated
- Jessica Sier
HMC Capital doubles down and increases stake in embattled Lendlease
David Di Pilla’s investment firm has increased its holdings in the construction giant a week after backing its management team.
- Aaron Weinman
Friend or foe: Lendlease may be Wylie’s white knight in Sydney CBD
A year after Milligan Group’s acquisition of the site, whispers about Tanarra Capital’s shaky position in the deal are starting to grow louder.
- Sarah Thompson, Kanika Sood and Emma Rapaport
G-G for business | Activist targets Lendlease | The future of cash
This week, James and Anthony look at what Albanese’s choice for governor-general means for business, why Lendlease is feeling the heat from John Wylie, and go inside the battle for Armaguard.
Wylie finds heavyweight backers in push to break up Lendlease
Allan Gray, which owns 6.2 per cent of the struggling property giant, expects the sale of its overseas assets could extract up to $4 billion.
- Aaron Weinman