Street Talk

Moelis woos NBL team NZ Breakers as sporting M&A action heats up

Sarah Thompson, Kanika Sood and Emma Rapaport

Aug 23, 2023 – 5.00am

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The New Zealand Breakers are understood to be in talks with MA Moelis to potentially bring the investment bank on as a strategic adviser, as Tesla chairwoman Robyn Denholm’s investment in rival National Basketball League team Sydney Kings sparks M&A expectations in the sector.

MA Moelis’ bankers have been jockeying for a defence advisory role at the Breakers, betting no doubt the M&A interest in the Sydney Kings would flow on to the second-ranked team in the NBL.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.