Yesterday
MA Moelis tapped for $500m Contract Resources sale
The Australian energy and gas services play is controlled by Perth-based Viburnum Funds and global private equity firm SCF Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Citi’s services arm gets time in the sun amid a global restructure
The Wall Street bank’s most misunderstood business has morphed into its most critical chess piece as CEO Jane Fraser executes a turnaround plan.
- Aaron Weinman
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why overseas money is pouring into Australian green energy
The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.
- Angela Macdonald-Smith
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
This Month
Anacacia taps into the golf craze with MGI investment
Street Talk understands Anacacia’s Private Equity IV fund is seeking to acquire 80 per cent of family-run golf motorised buggy retailer MGI Golf.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Liontown in offtake deal to replace banks; eyes on POSCO
Sources said the company was close to announcing an offtake deal to replace those banks – with the South Korean steel manufacturer said to be involved.
- 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
I-MED snaps up US teleradiology player StatRad
Aussie imaging giant I-MED is hoping to recreate its fast-growing teleradiology business in the US with a major acquisition.
- Tess Bennett
Big lick of Spartan Resources shares trade, again
Street Talk spotted three trades in the West Australian gold explorer after Monday’s closing bell.
- Sarah Thompson, Kanika Sood and Emma Rapaport
$200m-a-year Opal HealthCare courts buyers; Morgan Stanley hired
While it remains to be seen how much of the business will be on offer, a big enough cheque will no doubt get everyone on board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Baby bump: Investors probe Baby Bunting’s surging share price
A simple explanation for the dramatic share price increase is it could finally be turning the corner after a very challenging period.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Oaktree trading house squares off against shareholders for nickel mine
The distressed debt specialist emerged in pole position to pick up the Avebury mine as job losses and closures engulf the country’s nickel industry.
- Aaron Weinman
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
- Opinion
- Opinion
Adore Beauty acquisition is a great deal … for the other company
Adore Beauty’s $25m purchase of Aussie brand Ikou doesn’t come cheap, and poses questions about whether it has overpaid, and used up too much of its cash.
- Adir Shiffman
How Kim Teo pulled off a mega-merger with her start-up’s biggest rival
The co-founder of restaurant ordering app Mr Yum is now the boss of its former competitor me&u, after the heavily backed Aussie start-ups merged to survive.
- Aaron Weinman
Cat Daddy time! How ARN, Southern Cross could resume merger dance
The obvious step is for ARN to approach Catalano and nut out a deal which would effectively see ACM assume Anchorage’s original position.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
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
- Exclusive
- Architecture
‘Huge demand’: Australia’s largest design firm expands worldwide
Architecture practice Woods Bagot is focusing on growing demands for luxury and non-traditional consultancy services for design firms.
- Michael Bleby and Patrick Duffy
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