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Private equity

Yesterday

Adgemis acquired the iconic Noah’s Backpackers in Bondi Beach in 2022.

Deutsche gets ball rolling at Public Hospitality recapitalisation

Street Talk understands a new $200 senior lending facility has been put in front of the group’s existing lenders.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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
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

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

Lakshman Anantakrishnan, ANZ Private’s chief investment officer, has rolled out another product for its wealthy clients. This time, it is in partnership with Blackstone for a tilt at alternative investments.

Blackstone, ANZ join forces to target rich families in volatile world

The pair launched a new fund that puts a higher price on alternatives in today’s more “volatile” investment landscape.

  • Aaron Weinman
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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
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
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
The US is the epicentre of the private challenge to public markets.

Why central banks are in two minds on the private credit boom

The US Fed is not worried about the systemic risks of private credit, but the Bank of England and the ECB are not so sure.

  • Howard Davies
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
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

Jon Adgemis has been under pressure to refinance his pub empire.

Deutsche Bank trades its Adgemis debt; kicks off Gemi talks

Street Talk understands major lender Deutsche Bank has traded positions in five assets to US private credit group Muzinich in recent weeks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Investment banks say confidence is returning after several lean years.

Goldman Sachs, UBS top tables as local bankers welcome big deals

Wall Street giants returned to the top of the coveted league tables as larger transactions returned, while UBS jumped seven spots to top M&A ranks.

  • Aaron Weinman
Panthera Finance has purchased more than $5.5 billion in receivables from banks, telcos, utilities and the like.

PwC appointed VA at parent company of Brookfield-backed Panthera

Panthera’s parent entity’s shares are controlled by the administrator, who may be seeking a buyer.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Nick Humphrey’s Hamilton Locke and David Kearney’s Wotton + Kearney have looked to outside capital for growth.

What the fastest-growing law firms are doing differently

Rapidly expanding law firms say the traditional partnership model is outdated and ineffective, as they look towards outside investment.

  • Updated
  • Maxim Shanahan
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Daniel Bowden, Stafford’s head of private equity, has finalised over $400 million in investment agreements with HESTA and now First Super.

First Super, Stafford pen $220m co-investment effort

The private equity firm’s latest comes just days after another superannuation fund, HESTA, signed a $250 million deal.

  • Aaron Weinman
Samsara Eco founder and CEO Paul Riley.

Lululemon returns for bigger bet on recycled leggings start-up

The company behind plastic-eating enzymes that enable athleisure to be endlessly recycled aims to have a large-scale manufacturing plant in Asia by late 2026.

  • Simon Evans
Qatar Airways is said to be eyeing a 20 per cent stake in Virgin Australia.

Qatar in talks to take up to 20pc stake in Virgin

The transaction, if successful, would hand the Qatari carrier up to 20 per cent of the private equity-owned airline and comes amid a stalled ASX float process.

  • Ayesha de Kretser, Anthony Macdonald and Myriam Robin
Matthew Lancaster will chair Payton Capital, the private credit vehicle bought by HMC Capital for $128 million.

HMC Capital’s ex-Macquarie banker targets $5b for private credit arm

The investment firm will wrap up the purchase of Payton Capital next week, and has set its sights on real estate financing and asset-based lending.

  • Aaron Weinman

Robotic friend company raises $3 million to build Abi

The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.

  • Updated
  • Paul Smith

Original URL: https://www.afr.com/topic/private-equity-huj