NewsBite

Capital raising

This Month

Marcus Darville (right) and Simon Pither of Quadrant Private Equity.

Quadrant banks $660m for third growth fund

The six-week fundraise was oversubscribed after ultra-high-net-worth investors added funds to the pot.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Goldman Sachs co-head of investment banking Nick Sims.

JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A

While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Genesis Capital deal makers Chris Yoo and Michael Caristo.

Genesis Capital amasses $350m for more healthcare deals

Doctor turned private equiteer Michael Caristo and his co-founder Chris Yoo have finalised a fund, drawing interest from institutional investors and families.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
AZZO’s energy management systems, including electricity, water and gas monitoring, are used by the Melbourne Cricket Ground.

California PE Angeleno buys into Aussie energy software biz

Rennie Advisory advised on the raising, conducting a global search for a minority partner to take AZZO to the United States.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
JET Charge founders Ellen Liang and Tim Washington.

Natixis’s Mirova backs millions into EV charging biz JET Charge

Natixis Investment Managers-affiliate Mirova led the $72 million funding round via its energy transition strategy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Advertisement
One of Lendlease’s developments in Melbourne. The company will focus on projects in Australia after a backlash from investors.

Lendlease’s long-time bankers nervously face new era

Gresham and Morgan Stanley have been hanging around the real estate giant for years. But a new chairman might have other ideas as he settles in.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Dare Capital’s Charlie Selth started at Vincents as an undergraduate accounting in 2022.

This 21-year-old has just banked $10m for his R&D funding venture

Charlie Selth brought the idea to his boss, executive chairman Jonathan Dooley, 18 months ago to create a lending model for early-stage companies.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
WiseTech founder Richard White (right) at his compound in Sydney’s Bexley with Josh Simons, CEO of Vinyl Group.

Rich Lister-backed Vinyl Group in equity raise to fund acquisition

Sole lead manager Peloton Capital was rounding up investors at 10¢ a pop for a fully underwritten accelerated rights issue, sources said.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
David Di Pilla’s HMC Capital has been sold off worse than its new listing, DigiCo Infrastructure REIT.

Lapped up at $5, unloved at $4.30 – Di Pilla’s year-end IPO shocker

How do you turn on sentiment if nothing has changed and at a time of the year when institutions turn off the taps?

  • Anthony Macdonald

Arbor Capital backs homegrown scuttlebutt research firm targeting PE

The venture capital upstart has taken a minority stake in expert research platform Networks X.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Professor Mark Kendall was awarded the CSL Young Florey Medal in 2016.

NRL star turned Rich Lister backs Brisbane healthtech WearOptimo

WearOptimo has gathered $8 million in fresh funding to get into its go-to-market strategy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Anthony Sullivan, founder and CEO of hospitality advisory group Quantaco.

Hospitality entrepreneur backs ex-BofA operative to hang out his shingle

Alex Pikoulas is busy establishing his own wealth management shop backed by Anthony Sullivan of Quantaco.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
“We look forward to working with the board and management of Euroclear,” Stewart Brentnall, CIO of TCorp, said on Thursday.

TCorp acquires $752m minority interest in Euroclear

Brussels-headquartered Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities, derivatives and investment funds.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
HFS partners Raji Azzam and Kam Jamshidi.

PE deal makers tipped to “get creative” in 2025 as exits mount

The payday isn’t as big for the equity capital markets bankers, a backdoor listing lacking the hoopla of an IPO. But whatever works to get things moving.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
DDH1 chairwoman Diane Smith-Gander joined the board of Perenti as part of her group’s buyout.

Oaktree offloads entire $70m Perenti stake; Aitken Mount on hand

Shares traded hands at $1.25 – or a 4.2 per cent to the last close.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Advertisement
HMC Capital chief executive David Di Pilla leads a Monday morning meeting at the firm.

Inside the morning meeting of the market’s biggest fee payer

The big year of deal making at David Di Pilla’s HMC Capital has been a blessing for investment banks in an otherwise patchy 12 months. Can it maintain the pace?

  • Jemima Whyte
Fresh seafood from Fremantle Octopus is served in high-end restaurants.

Tentacles out at Fremantle Octopus with Kidder Williams on the scene

Fremantle Octopus owns about half of the licences in the WA Octopus Fishery, but it doesn’t have the cash to put most of them to use.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Pay.com.au, a platform that allows businesses to turn their expenses into frequent flyer points. Founder Ed Alder pictured.

IPO-candidate Pay.com.au launches raise to fund US expansion

Street Talk understands Pay.com.au is seeking to raise $15 million via a private placement at a $303 million pre-money equity valuation.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
KAST co-founders Daniel Bertoli, Raagulan Pathy have banked $US10 million in seed funding.

Mark Carnegie, HongShan back $US100m crypto neobank

HongShan Capital Group and Peak XV Partners have led KAST’s $US10 million seed funding round.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Greg Boorer, CEO and founder of CDC Data Centres

CDC Data Centres $16b sale off to the races; three big funds prep bids

Kyle Mangini, the global head of IFM Investors’ $110 billion infrastructure business, will be the one to watch.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

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