Street Talk

Soul Patts, Brickworks agree to $14b merger; $500m raise launched

Stockbroker Aitken Mount Capital Partners pitched the equity raising to fund managers over the weekend.

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Jun 2, 2025 – 9.14am, first published at 8.20am

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Investment house Soul Patts is set to merge with Brickworks, forming a $14 billion ASX-listed investments, private capital, property and building products giant, Street Talk understands.

Sources said stockbroker Aitken Mount Capital Partners pitched a $500 million equity raising to fund managers over the weekend as the foundation of the merger.

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.