Today
Former UBS sales trader clocks into Jarden
Jarden’s head of equities, John Spencer, is beefing up his sales and trading team.
How to get from PwC Sydney to the top of the world’s biggest bank
Marianne Lake does not “fit the typical profile” of a top banker at JP Morgan, given she spent her formative years outside the US.
Pacific Equity Partners zeros in on ASX-listed property services biz
PEP does not typically approach take-privates without certainty of completion, including securing the support of major shareholders.
ASIC shakes up float rules to jumpstart struggling IPO market
The trial measures will accelerate listings and represent the biggest changes to the process for almost a decade.
Yesterday
US distressed debt giant lobs bid for collapsed airline Rex
Bids for the carrier, better known as Rex, were collected last week with local and international buyers canvassed by investment bank Houlihan Lokey.
Jefferies banker off to Goldman Sachs’ private capital unit
The two investment banks are used to losing talent to each other, often at the higher, managing director level.
Project Flux: Miles Advisory shops radiology software biz Kailo Medical
Kailo Medical’s pitch to radiologists is that it slashes reporting times, improves accuracy, eliminates paper forms and improves referrer loyalty.
This Month
Citi names new head of equity capital markets as Jahrling exits
Rob Jahrling’s departure comes after a tough period for the small but important profit centre for the Wall Street bank.
Melbourne Airport shops junior debt to fund capex
The notes are structured with a 30-year maturity, with a call date between five and seven years to induce the credit ratings agencies to assign equity credit.
Chemist Warehouse brigade sells another $200m of Sigma; eyes on insiders
It adds to the roughly $13.8 billion worth of Sigma Healthcare shares that have changes hands since Chemist Warehouse reverse-listed earlier this year.
Inside Bain’s Virgin pitch, and the one number investors will fear
A tightly held pathfinder prospectus reveals all the key financial metrics that the airline’s potential new shareholders can look forward to.
Forget auctions, bilateral deals are all the rage in PE land: Freehills
New analysis from Herbert Smith Freehills Kramer shows 78 per cent of private equity M&A deals in 2024 were done bilaterally.
Morgans handles $62m block in McMillan Shakespeare; Eagers sells down
The trade was done at a 2.2 per cent discount to the share price, with 4 million shares changing hands.
Inside Perth’s booming broker scene (just don’t call them cowboys)
Making money in the mining capital differs from over east, with relationships forged on Rottnest Island’s white sand and deals discussed on crayfishing boats.
Former Fortescue executive Fiona Hick to join Barrenjoey board
Despite early scepticism, the Barclays-backed investment bank has recut the local market, winning key mandates and building one of the largest research teams.
PE player CVC has a sweet tooth for Arnott’s Asian arm
The KKR-owned business formally began reaching out to interested parties in April via sell-side adviser UBS.
Anxious wait for ASIC’s private markets, IPO shake-up
The regulator should clarify its policy positions this year, rather than letting the talkfest drag on. Some clues should emerge this week.
May
Will Jamie Dimon build the first US trillion-dollar bank?
The US has never had a bank of such size as JPMorgan – but the institution’s tremendous size, success and prominence pose risks, too.
The five Healthscope hospitals under the microscope
Sydney’s Prince of Wales and Melbourne’s Knox Private are among the best performing hospitals while Hobart Private and Darwin Private are strategically important.
These firms will be the next targets, according to JPMorgan’s M&A boss
The global head of advisory at the US investment bank says we should expect to see more North American bidders knocking on doors.