NewsBite

Capital raising

This Month

Coal miner New Hope was seeking $300 million via the sale of convertible notes on Wednesday night.

New Hope makes it two convertibles in two days

It’s good to see the miners creative with their funding structures.

  • Anthony Macdonald

Federation Asset Management gains Japanese foothold

The investment in Astris Advisory comes directly from Federation’s coffers and represents a big bet on the $US4.2 trillion economy and its asset management sector.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Bendigo Hospital, designed by Silver Thomas Hanley with Bates Smart.

Deutsche Bank backs $210m Bendigo Hospital public-private refinance

Street Talk understands the German bank has come in as the project’s long-term lender, refinancing an existing bank syndicate.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

West African Resources in $120m cash call; Euroz Hartleys on ticket

The 87.6 million new shares were offered to investors at $1.37 apiece.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Liverpool Partners’ Brad Lancken.

Liverpool Partners hires Macquarie Capital for Seisma sale

Diligence materials on Seisma, which makes close to $25 million in earnings, are in front of a small group of offshore strategics and local sponsors.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Sable was originally founded by an inventor recognised on the ABC’s New Inventors TV show.

ASX aspirant Sable Rubber rules off pre-IPO raise

A data room is open with Sable targeting client technology investment funds for a future capital raise.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June

Jon Adgemis has been under pressure to refinance his pub empire.

Deutsche Bank trades its Adgemis debt; kicks off Gemi talks

Street Talk understands major lender Deutsche Bank has traded positions in five assets to US private credit group Muzinich in recent weeks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Two of Australia’s best-known online learning businesses are up for sale.

Alffie, Open Colleges seek new owner; Blackpeak on sell-side

The two businesses are 80 per cent owned by Peter Murphy’s Melbourne family office, Pan Group.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Salter Brothers’ head of equities Gregg Taylor: the fund manager has $3 billion under management and has put some money to work at Sydney start-up Marketboomer.

Marketboomer secures capital injection from Salter Brothers

Salter Brothers’ equities team originated and structured the transaction, while the Tech Fund led the investment.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Japanese multinational Fujitsu Australia operates a national data centre portfolio.

Project Emerald: Fujitsu taps Sayers to auction data centres

The centres, located in and around big capital cities, have a total capacity of 24.7 megawatts.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Yancoal coal mine.

China Cinda sells down at Yancoal, again

This is the second time this year the firm has sold down its stake, bringing its stake under 10 per cent.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Stirling Property in talks to buy HomeCo’s McGraths shopping centre

Street Talk understands the trust has been in discussions to offload its McGraths Hills centre in Sydney’s North West to Stirling Property Funds. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Samsara Eco founder and CEO Paul Riley.

Lululemon returns for bigger bet on recycled leggings start-up

The company behind plastic-eating enzymes that enable athleisure to be endlessly recycled aims to have a large-scale manufacturing plant in Asia by late 2026.

  • Simon Evans
Bank of America’s Peter Guenthardt grew up in Switzerland and cut his teeth in equity capital markets. He says investment banking is simple.

The three rules of investment banking

This is perhaps the simplest and best explanation of investment banking we’ve heard in the past decade.

  • Anthony Macdonald
The future City Tattersalls Club, a rendering from 2019.

City Tattersalls Club to sell Pitt St property after BlackRock walks

Should the deal complete as expected, City Tatts will lose ownership of the sprawling property, its crown jewel built via multiple acquisitions, after a century. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Steelmaking coal miner is targeting a fourth quarter 2024 IPO.

Valory launches pre-IPO raise; Crocodile Capital in

Street Talk understands the miner was in the market on Wednesday, seeking to raise up to $20 million via a convertible note.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Uranium is back in favour.

Uranium play Bannerman Energy launches $76m raise; hires three brokers

JP Morgan, Jett Capital Advisors and Euroz Hartleys were mandated for the raise. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Australian-born Silicon Valley-based investor Peter Barrett is back in the country meeting investors and deep tech companies ahead of closing Playground Global’s third fund.

PsiQuantum backer Playground Global back in town looking for cash

The Palo Alto-headquartered, Australian co-founded, investor has already secured government backing for its quantum bet. Now it is fundraising for a new fund.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Hirsch & Faigen’s off-the-plan project at Mermaid Beach, Queensland, is one of the developments on the Coposit platform.

Property payment fintech Coposit taps Ad Astra for a $10m fundraise

The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction in instalments.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Employment Hero co-founder Ben Thompson put the big idea out there on Tuesday.

1pc of your super for venture capital? Add it to the list

Everyone wants a piece of the $3.9 trillion super system and now we can add venture capital. The problem is, it is not the government’s money to redirect.

  • Anthony Macdonald

Original URL: https://www.afr.com/topic/capital-raising-1mp7