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.
September 2022
Link Group misery with shares less than half IPO price
Canada’s Dye & Durham has a “robust pipeline” of other deals after the failed buyout of Link, which is paying a special 8¢ dividend.
Last rites for $2.5b buyout of Link Group
The financial fallout from the 2019 collapse of a Woodford retail fund in the – UK which Link’s subsidiary administered – proved too much.
July 2022
Big lessons in Link’s bid saga
Should public companies be pressured into offering bidders seemingly endless due diligence? That’s the question being raised by Link chairman and former banker Michael Carapiet.
Crunch time for Link’s board
This week is crucial for the Link Administration directors who are, in effect, conducting a public auction of the company with one potential buyer, Dye & Durham.
May 2022
Link a study in market psychology
The market propensity to believe rumours and abandon rational thought help explain the highly volatile share price performance of the country’s biggest superannuation fund administrator, Link.
Here’s why Link is an arbitrageur’s dream
It is risky to play the arbitrage between market prices and takeover bids, as shown by the carnage surrounding Link Administration and its bidder, Dye & Durham.
November 2021
Link’s Carapiet in M&A hot seat after fresh bid
Private equity has come knocking on the door of Link Administration for the second time in a year with an offer that is lower than the first time, but looks compelling.
September 2021
Smartgroup shares rocket on TPG’s $1.4b takeover offer
Shares in salary packaging and fleet management services play Smartgroup have jumped 18.3 per cent to $9.18 in mid-afternoon trade.
TPG bid fuels debate over locking out rivals
The $1.4 billion takeover offer for Smartgroup stands out for its exclusivity on due diligence granted to the bidding consortium led by TPG Global.
August 2021
Link Group splurges on investment bankers
Link’s inane strategy is ‘Simplify, Deliver and Grow’ but there is zero sign of the second two-thirds of it.
July 2021
Link shareholders still waiting for value
To call Link a laggard since its 2015 IPO would be far too generous.
October 2020
September 2020
Link's new CEO Vivek Bhatia in major CV embellishment
Bhatia claims to have been 'CEO of Wesfarmers Insurance in Australia', but he never was.
Link Group's board missed the icare memo
We cannot fathom Link Group board’s failure to hit the brakes on the recruitment of its new CEO last month.
August 2020
Link recruit's new boss the same as his old boss
Michael Carapiet lauded Vivek Bhatia as a "high credentialed senior executive". He would know.
March 2020
Challenger, MacCap bigwigs bankroll fintech GetCapital
Fund manager Challenger has led a $100 million funding round for fintech lender GetCapital.
December 2019
Ananda Krishnan's Smartgroup divestment even luckier than appeared
By selling in October's highs instead of December's lows, Krishnan saved $140.5 million!
September 2019
Aussie biotech gets US grant as it aims to tackle opiate crisis
High-profile Aussie businessmen, including Allan Moss and Paul Little, have thrown their money behind Kinoxis Therapeutics, which was spun out of the University of Sydney.