Today
Game on at Selfwealth as rival bidder AxiCorp muscles up to Bells
Investor sources told this column that AxiCorp has lobbed multiple offers at the SelfWealth board over the past few months but received the cold shoulder.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Pinnacle raising $400m to buy two offshore fund managers
Pinnacle has agreed terms to acquire stakes in New York-based private equity firm VSS Capital and London-based multi-affiliate Pacific Asset Management, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Amcor’s whopper $76b tie-up shows it’s ready to rule the world
It’s one of the biggest deals of the year – and the financial numbers are eye-catching. Imagine $US650 million in synergies.
- Anthony Macdonald
Yesterday
Amcor in massive $13b buyout of Berry Group
The dual-listed packaging group is undertaking a mega-merger with New York-listed Berry that will create a company with 75,000 employees.
- Simon Evans
Billion dollar gold mine auction kicks off in Queensland
Owners of Ravenswood have spent close to $800 million on expansions and renovations in the past four years. Now it’s time to sell as prices for the yellow metal peak.
- Peter Ker
Charter Hall calls for independent valuer in HPI takeover fight
The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.
- Campbell Kwan
Nufarm entrepreneur Doug Rathbone a winner in $475m Elders buyout
The 79-year-old, who made his fortune via the crop chemicals business, will pocket a small windfall from the buyout of Delta Agribusiness by its larger rival.
- Simon Evans
PEXA courts $1.2b financial software player Dye & Durham
Sources say the group already has a stranglehold on Australian land settlements and is now looking to push into the UK through this takeover bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adamantem Capital lobs bid for Close the Loop; secures exclusivity
Sydney buyout firm Adamantem Capital has agreed exclusivity to acquire Close the loop, a packaging and recovery business capitalised at $109 million on the ASX.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Distressed debt fund wrangles with Deloitte to win $480m Keystone fund
Sources said Deloitte has failed to be wooed by Arbitrium’s bid so far, and is veering towards a liquidation which could be a lengthy and expensive process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EQT targets $22.4bn for private capital Asia fund, launches roadshow
The firm has put a $22.4 billion ($US14.5 billion) hard cap on its BPEA Private Equity Fund IX fund raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New hires love Jefferies’ cash bonuses. Just don’t try to leave
Unlike other investment banks, the fast-growing New York firm offers upfront payment instead of deferred stock. It seems to be working, as headcount grows.
- Jemima Whyte and Sarah Thompson
VC-backed video start-up 90 Seconds fields interest, hires advisers
90 Seconds’ owners have hired Singapore-based boutique investment bank Sansa Advisors to field inbound inquiries and oversee the diligence process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bus group Kinetic’s PE owners pull brakes on 100pc sale
Despite icing plans for a 100 per cent sale, sources say Kinetic is progressing talks with a handful of interested parties.
- Sarah Thompson, Kanika Sood, e and Emma Rapaport
Payments tearaway Findi carves out $75m unit from Indian giant Tata
Findi is set to acquire Tata Communications Payment Solutions, which will bring 4600 operational ATMs into its network and swell full-year revenue by a third.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anacacia Capital goes shopping with homewares wholesaler Florabelle
Street Talk understands the $800 million private equity firm has invested in 42-year-old operation Florabelle alongside its founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Di Pilla’s data centre REIT in $362m fee grab
If DigiCo gets off the ground – which it looks like it will – HMC Capital can expect at least $85 million in extra revenue in the first year. And 12 brokers will take home $107 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bells closes retail book early for DigiCo IPO; Morgans hits $500m
Every indication is the deal would rapidly get to $1 billion from the retail channel, which puts it on track to take the crown of 2024’s biggest IPO from Mexican-themed restaurant chain Guzman Y Gomez.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lendlease chairman-elect in investor charm offensive ahead of AGM
Sources said proxies received so far indicate both directors are well supported by investors, as is the revamped remuneration report.
- Sarah Thompson, Kanika Sood and Emma Rapaport
M&A deals to spike ahead of merger reforms, says Corrs
The new regime is likely to capture more deals and involve longer reviews, the law firm has warned.
- Sarah Thompson, Kanika Sood and Emma Rapaport