Today
US giant KKR named preferred bidder at Aware’s $1b-plus chicken grower ProTen
Street Talk understands the private capital juggernaut, led by Andrew Jennings, ruled the roost with a bid around $1.3 billion.
Global buyout firm steamrolls auction for Permira’s $4b I-MED
While it is not known if Stonepeak has secured exclusivity over the asset, negotiations are said to be well-advanced.
Kiwi classifieds juggernaut Trade Me in $2b refinancing; sale next
New Zealand’s biggest online classifieds and auctions player makes more than $NZ350 million in annual earnings and is expected to be worth about $4 billion.
The billionaire, his $80b gorilla mate and Storage King’s clean-up job
An offshore giant is trying to use structural issues at the No.2 self-storage player to get set in Australia. The local leader is pushing back. Who will win?
This Month
WiseTech faces investor scepticism on $3.5b plan to buy American rival
The logistics software giant is considering its largest acquisition yet at the same time as it confronts significant shareholder unrest over its governance.
UK’s richest self-made woman plots $18b sale of gambling empire
Denise Coates, the owner of the Bet365 betting empire, is reportedly looking to sell the business amid a booming market for gaming in the United States.
Nasdaq-listed engineering services giant swoops on Adelaide’s SAGE
Nasdaq-listed Tetra Tech will acquire 100 per cent of founder and employee-owned SAGE Group Holdings.
Wentworth buys $200m asset for $1.5b BlackRock life sciences JV
The North Ryde deal comes after Wentworth in 2023 struck a deal with Sydney University to develop a $500 million life sciences hub.
Only one thing matters in L1 Capital’s Platinum merger
Unitholders have been pulling funds out of Platinum’s strategies at a rate of knots. L1 Capital founders Mark Landau and Raphael Lamm will be looking to fix that.
WiseTech sets aside controversy as it plots $3.5b M&A play
The logistics software giant is mired in investor unrest but has been working on the biggest deal in its three-decade history, eyeing a New York-listed rival.
How Goldman Sachs will keep deals ticking over in volatile times
The beauty of M&A is that it comes in all shapes and sizes – and Goldman Sachs’ bankers are not afraid to pivot.
L1 taps MacCap for Platinum Asset Management merger
Macquarie Capital’s head of financial institutions group, Laura Golis, is advising the Melbourne-based hedge fund.
L1 Capital buys Kerr Neilson’s Platinum stake, proposes merger
The future of the global equities investment house had been up in the air after rival firm Regal Partners pulled its own takeover offer late last year.
FIIG Securities sold to Nomura Research’s AUSIEX
FIIG made $25.7 million revenue in the 2024 financial year, and two years ago was subject of a circa $27 million hostile bid from Income Asset Management.
April
Billionaire Raphael Geminder faces backlash on Pact delisting plan
Minority shareholders including activist investor Jeremy Raper, a former Goldman Sachs banker, oppose the plan to remove the packaging group from the ASX boards
The ASX’s dual-listed giants are increasingly disappearing overseas
From Westfield to Amcor, investors fret that secondary local listings are “like a pre-paid funeral” and will inevitably go the way of Singtel with a delisting.
Attalis tows Vic Business Growth Fund into industrial parts biz Kinder
The deal was equity funded, and Kinder is understood to be reserving its debt capacity for bolt-on acquisitions.
Project Hawke: Bridget Loudon’s Expert360 hunts capital partner
Bridget Loudon’s online jobs platform is gearing up to make a major acquisition.
Abacus Storage King’s manager calls in bankers as board vets $1.9b bid
On Tuesday evening, the smart money was betting Abacus Storage King is far more likely to extract a price bump out of its present suitor than drum up a new one.
Silicon Valley’s Stripe eyeballs Tyro’s languishing share price
Investors have become increasingly sceptical the ASX-listed payments group can compete against massive international rivals and the country’s major banks.