Today
AGL raises bet on after-dark solar with SA acquisition
The innovative project to be built on the Eyre Peninsula will make solar power available after the sun sets, but will require government support.
Green dream: CS Capital to sell SynCo Global’s BESS projects
SynCo is seeking to sell 100 per cent of its interests in the MegaLink BESS and Opal BESS projects in South Australia’s Bundey Energy Hub.
Yesterday
Custom tailoring biz InStitchu fields overseas interest; adviser suits up
The menswear brand has hired mid-market boutique advisory firm Tiger & Bear Partners after receiving unsolicited approaches for offshore buyers.
Lendlease, investors banker up as Mirvac’s $10b land grab kicks off
The showdown is a painful echo of the brawl between Mirvac and Dexus over a $7 billion office tower fund originally run by AMP Capital three years ago.
Acciona’s waste-to-energy plant Kwinana hunts 50pc partner; sale docs
Acciona is preparing to refinance and sell the country’s largest waste-to-energy project, and has hired RBC Capital Markets to launch the process.
This Month
Stokes-backed Capilano Honey fields interest for iconic brand; launches review
Hive & Wellness Australia, which owns Australia’s No.1 honey brand Capilano, has brought in Rothschild’s bankers for a strategic review.
L1 strikes Platinum merger deal, says it isn’t aiming to be biggest
The Melbourne-based fund manager, founded by Raphael Lamm and Mark Landau, has told investors considerable costs will be eliminated from the merged firm.
Investors see gold in Origin’s $15b tech play, sending shares soaring
Analysts had put a far lower valuation on Kraken, the cloud-based utilities software, than suggested in British media reports at the weekend.
Dan Ritchie’s Factory Capital inks deal for US tattoo parlours
The firm used a portion of its $100 million raise to launch Tattoo Partners, a tattoo platform with 11 studios in New York, Miami, Las Vegas, Phoenix and Houston.
American investment giant on the home straight at RetireAustralia
This time around, RetireAustralia’s owners have investment bank Jefferies Australia on the sell side, replacing Jarden and E&P.
US funds giant buys into self-storage boom
Barings has taken a majority stake in Swift Storage as big players jostle for exposure to the sector’s estimated $2 billion annual turnover.
Tim Miles, investment banker and founder of eponymous firm, dies at 58
The New Zealand-born, Sydney-based adviser was a pioneer of mid-market deal making. He died on Sunday and is survived by his wife and two daughters.
Fortune favours James Hardie as investors shrug off merger doubts
The building materials giant was briefly in the dog house after announcing a $14 billion buyout of Azek. But index providers are helping the stock’s rally.
Private equity drinks in family-owned dairy processor Procal
Anacacia Capital will invest in the $100 million revenue business alongside the Thyssen family from its Fund 4.
Skin cancer diagnosis chain MoleMap mulls its future
Founded in 1996, MoleMap take high-resolution photos of customers’ bodies to map, diagnose and monitor the development of lesions – in an alternative to traditional skin cancer clinics.
Sunglass brand Two Svge’s founding brothers eye growth partner
Perth-based sunglasses brand Two Svge, popular among fashion-forward tradies on TikTok, has built to $11 million annual earnings in six years.
Petrol pass-the-parcel: Woolworths curse too much for EG
Fifteen years ago, the supermarkets and offshore oil giants dominated Australian fuel sales. A succession of $1 billion-plus deals has changed things dramatically.
Star Entertainment’s new owner wants to keep running Queen’s Wharf
A deadline for the blow-up of a deal with the casino operator’s Hong Kong investors is approaching. Bally’s chairman Soo Kim has a clear view on what should happen next.
Takeover target Santos deepens Middle East ties with Qatar deal
The two-year LNG sales contract comes as the company’s Abu Dhabi-led bidders have started a tour the oil and gas producer’s assets.
One investment bank is dominating M&A and ECM dealmaking this year
Street Talk presents the most comprehensive breakdown of dealmaking over the decade, league tables that are a mix of traditional powerhouses and surprises.