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Mergers & acquisitions

Yesterday

MA Moelis Australia bankers are expected to start marketing Contract Resources to global parties.

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 Kirstin Renner, head of treasury and trade solutions, and Mark England, head of securities services.

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
Fletcher’s Tradelink bathroom and plumbing supplies business is one asset sale that could determine the future of its credit rating.

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
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This Month

Clovelly local Cerin Campling tees off: a new generation of golfers and women has seen golf club membership up 10.2 per cent over the past three years and female membership 12.6 per cent higher last year.

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 chairman Tim Goyder at Parliament House in May.

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
Dr Shrey Viranna

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
Spartan Resources Dalgaranga Gold Project in WA’s Murchison region.

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
Wealthier Australians will pay more for aged care under a long-awaited government review, suggesting it may be a good time for Opal Aged Care shareholders to sell out.

$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 Bunting is the country’s largest maternity and baby goods retailer.

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
This nickel mine in Kambalda, Western Australia is one of a string across the country to close as prices slump.

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’ Brad Lancken.

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
iKOU founders Naomi and Paul Whitfeld.

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
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Me&u chief executive Kim Teo says the greatest challenges since merging had been integrating technology and staff.

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
ARN Media chairman Hamish McLennan and chief executive Ciaran Davis.

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

Two of Australia’s best-known online learning businesses are up for sale.

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
Sarah Kay takes over as Woods Bagot CEO from 1 July 2024.

‘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
Salter Brothers’ head of equities Gregg Taylor: the fund manager has $3 billion under management and has put some money to work at Sydney start-up Marketboomer.

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

Original URL: https://www.afr.com/topic/mergers---acquisitions-1mpf