Today
The top super funds made double-digit returns. Is yours among them?
Strong performance across assets boosted retirement savings in the last financial year. Providers say active management may play a bigger role in the next 12 months.
Yesterday
Sale flyer for $2.5b Sydney Desal hits inboxes
Dealmakers, get a pot of coffee brewing. Barrenjoey has dropped news details for the sale of Sydney Desalination Plant.
This Month
CC Capital swimming in debt for MLC buyout
CC’s debt package, negotiated through slightly wobbly-if-not-improving markets, is now the bedrock its $3.3 billion entry into Australia’s wealth market.
Binding bids incoming for IT services outfit Nexon Asia Pacific
Sydney buyout firm Pacific Equity Partners is duking it out with local rival Adamantem Capital for the EQT-owned business.
Revolution launches roadshow for $300m private credit LIC
The firm kicked off a two-week early look roadshow for private credit trust on Monday.
Healthscope lays the groundwork for not-for-profit status
The hospital operator is exploring applying to the Australian Charities and Not-for-profits Commission to become a registered organisation.
Meet the Wall Street deal legends behind the sale of MLC
The private equity firm that’s nabbed MLC owner Insignia Financial has two titans driving its latest deal. They’ll need plenty of patience.
Future Group to launch secondary sale at $280m valuation
Street Talk understands Future Group will go to its investors later today to announce a secondary sale.
NOJA Power process down to the short strokes: Blackstone bankers up
Blackstone and EQT are through to the second stage, with the former understood to have hired Michael Stock’s Jefferies Australia.
Brookfield snaps up 19.9pc interest in Cromwell Property Group
Brookfield acquired the 19.9 per cent stake at 38¢, a 4.1 per cent premium to Friday’s close, via Goldman Sachs’ equity desk.
PE-backed student living developer Cedar Pacific hits fundraising trail
The Brisbane-based fund manager has hit the pavement to raise a $100 million-plus fund from wealthy families and investors.
No brake for Nash Capital as it signs second deal from growth fund
Nash has turned up as the first outside investor in Clear21, and its investment will help it expand into the United Kingdom.
Goldman Sachs stays close to PE-backed cybersecurity giant CyberCX
Australia’s largest cybersecurity provider is laying the groundwork for a sale process.
Armitage readies healthtech for sale, tapping Houlihan Lokey
Mark De Ambrosis’ Armitage first bought into MYP in December 2020, acquiring a stake just north of 50 per cent.
Alceon follows wealthy downsizers to Coolangatta with $142m retail buy
The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.
Singapore contract manufacturer lands at PE-backed Aussie medtech
Singapore-based contract manufacturer Meiban Group has taken a 20 per cent stake in Planet Innovation.
Raise a glass to $2b Australian Venue Co; new PE investor incoming
The price that CVC is expected to pay values the business at an enterprise value of about $2.1 billion, the sources said.
How Regal’s Global Small Companies Fund made 15pc in June
Hint: around a quarter of the fund’s monthly return came from a single unlisted position.
CC Capital’s $3.4b Insignia bid: not dead, but still no deal
Street Talk understands CC Capital was still working away on a deal on Monday.
Perennial’s two-speed market: IPO wins but nervous time for early backers
PPP1 was launched in 2019 and deployed across 2020 and 2021, when private equity valuations skyrocketed and interest rates were near zero.