Today
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.
This Month
360 Capital Mortgage REIT set to launch rights issue
It hired three brokers – Ord Minnett, MST Capital Markets, and Shaw & Partners – to run the deal.
Sprintex launches capital raising; Alpine Capital on ticket
Sources said the deal had secured cornerstone commitments for 50 per cent of the book before the official launch.
Roc Partners debuts multi-strategy PE fund with $160m seed portfolio
Continuation funds, that are set up private equity firms to prolong their stay at promising portfolio companies, are among Roc’s top avenue for generating deals for the new fund.
Rio Tinto-backed Sovereign Metals raising $40m; taps Petra Capital
The proceeds would bankroll development costs at Sovereign’s Kasiya project, which the company pitches as the biggest rutile resource in the world.
Geoff Wilson’s new LIC crosses $100m in commitments
Wilson has been powering through a roadshow and has until April 11 to hit the $510 million target spelled out in the prospectus.
Impact investor Good Return, backed by Spotless scion, preps new fund
The new fund’s minimum investment size is $20,000 and proceeds would be used to guarantee and de-risk loans from lenders to female-led businesses.
Haul road closure triggers billion dollar debt worries at MinRes
Workplace safety authorities are investigating the crucial link between the miner’s Pilbara iron ore operations and port, raising new questions about shipments.
Mineral Resources’ problems run deeper than a hedge fund attack
Companies love blaming hedge funds and short-sellers for stirring up trouble, when really they have only themselves to blame.
Payments business Findi launches $45m raising; taps three brokers
The broker syndicate included Morgans Corporate, MST Financial Services and Ord Minnett.
Ora Banda Mining’s largest shareholder trims stake; UBS nabs $97m block
Hawkes had owned 586.2 million shares or 31.41 per cent of the register and would continue to be Ora Banda’s largest shareholder.
Specialist private lender FarmCap raising $100m
The $100 million fund is accompanied by a direct fund, which will hold an additional stake acquired in individual deals.
Imricor Medical Systems passes can around for $80m, Morgans on ticket
The ASX-listed medtech began wall-crossing investors over the weekend, seeking support for an equity raising of as much as $80 million.
Private lender Rixon Capital courts investors for new fund
Rixon is said to be confident it can hit the $500 million mark in the next three to five years.
OneVentures-backed artificial heart start-up rattles the tin for $100m
BiVACOR has made the world’s first titanium heart and is hoping to manufacture the device commercially in Australia and the US within three years.
Dairy giant Fonterra’s consumer IPO could raise $1b to $2b: sources
Advisors to the New Zealand dairy giant are booking in meetings with investors from next week ahead of a planned IPO for the company, known as Mainland.
Future Fund set to buy into Transgrid amid hefty energy transition bill
Future Fund is preparing to invest in TransGrid at a time when it has faced pressure from the Labor government to consider three national priorities – housing, renewable energy and infrastructure.
Blue-chip whacking shows fear has taken over the ASX
Australian stocks are in the middle of a shellacking. Mr Market’s got a hammer and just about everything looks like a nail.
It takes nerves of steel to launch a capital raising in this market
Austal is betting that its unique story – building ships for Donald Trump – can support a capital raising in the worst market conditions we’ve seen in months.
Shipbuilder Austal preps $200m-plus equity raising; founder sells
Andrew Forrest’s Tattarang Ventures is expected to take up its pro-rata share of about $41 million to maintain its stake at 19.6 per cent.