Today
Bids fly for Top Shelf International assets
Street Talk understands Longreach Credit Investors has fielded a $20 million bid for a collection of Top Shelf’s assets.
Former Goldman ECM boss Aaron Lamshed finds a new home
A 25-year veteran of the markets, Lamshed started at Goldman Sachs in 2014 and elevated to managing director in 2021.
UBS industrials analyst off to JPMorgan
Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.
EVP issues ill-timed capital call amid StrongRoom AI fiasco
Sources suggested EVP would have been better off delaying the capital call until it had better clarity on the recoverability at StrongRoom AI.
Boston’s PSG Equity comes calling for Melbourne software biz Uptick
PSG is an exciting addition to the bidder pool for Australian technology businesses, alongside regulars such as EQT Partners and Potentia Capital.
James Hardie investors are seriously unhappy about the $14b Azek takeover
One of the building materials group’s long-term investors described the proposal as one of the worst large-cap corporate deals he’s come across.
Yesterday
Pemba Capital-backed Rennie Advisory hits the acquisition trail
People briefed on the deliberations described the pool of money that the firm wanted to spend as in the “tens of millions” over at least two deals this year.
Next Capital warms up investors for SilverChef continuation fund
Limited partner sources said Next Capital had outlined a strategy to grow organically into the United States, pointing to its recent acquisition of a SilverChef-lookalike business in Canada.
Anacacia’s Force Fire sale to underpin final close for Core Fund IV
Street Talk understands the Sydney-based Anacacia plans to cap the new fund, dubbed Core Private Equity Fund IV, at around $200 million.
Goldman, Forsyth Barr launch Tower Limited block trade
Sources said shares were priced at $NZ1.30 per share – or a 12.5 per cent discount to the last trade price.
Plenary anoints new CEO, eyes $3.7b Brisbane Olympics stadium
The CEO change comes as Plenary is preparing to lob a proposal for a new $3.7 billion stadium approved this week for the 2032 Brisbane Olympics.
March
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.
CVC DIF reconfirms offer for PEP’s Zenith; final shortlist this week
Sources said sell-side advisers RBC and Azure had told suitors they would need to raise their bids ahead of Friday’s deadline for reconfirmations of NBIOs.
British giant Frasers to go big on Accent, roll out Sports Direct
The placement price is expected to be set on a volume-weighted average price basis.
David Koch’s Ausbiz rattles the tin for enterprise video division
The five-year-old start-up is seeking expressions of interest to raise $750,000, after signing its first “platform customer”.
Departures at Regal-backed mining financier Taurus
The exits come 15 months after Phil King’s Regal acquired 50 per cent of Taurus, a small but mighty player in mining finance.
Private lender Aquasia adds provisions to $541m fund over Konvoy Kegs
Konvoy Kegs is the second loss for Aquasia, and comes after it had to write off its entire $14 million loan to LawFinance, a legal financier.
Pengana freezes fund redemptions as it braces for big Opthea loss
The firm’s unlisted high-conviction equities strategy is more than 44 per cent invested in healthcare stocks. The biotech has warned it could be insolvent.
WiseTech Global calls IB friends to drum up board candidates
The bids for suggestions come after four independent directors resigned en masse last month, leaving behind a farcical board stacked with White loyalists.
Eyes on COG Financial’s register after Tony Robinson storms the board
What the ASX filings missed is this – Robinson’s arrival has also sparked a change on its shareholder register.