Today
How 2 brothers started the multibillion-dollar gift-wrap industry
This festive season ritual drapes gifts in mystery and turns a simple exchange into a five-act drama.
November
Bell Potter puts e-waste recycler Mint’s $299m ASX debut on ice
The broker said the decision to park the IPO was driven by a steep decline in ASX-listed metals extraction businesses
Electronics recycler Mint locks in cornerstones for $299m float
Mint will use the IPO’s proceeds to build its Texas plant, which wants to extract metals including gold and lithium from discarded electronics and batteries.
October
All buzz, no sting: bee hotel is a sweet deal
A hotel in Sydney’s CBD is keeping hives just above the buzz of a rooftop bar to help save the species that’s vital for our “continued existence”.
September
Plastics recycler Licella weighs $200m IPO
The business use proprietary technology to convert waste materials, including agricultural and forestry residues, into biofuels
August
Unlocking the golden riches inside unwanted iPhones, laptops
At a time when gold prices are at record highs, one Australian company thinks it has found an economical way to extract the precious metal from e-waste.
KordaMentha accused of ‘Chinese walls’ failure to benefit client
The country’s best-known insolvency advisory firm allegedly used confidential information to help Cleanaway buy out a waste management competitor in Melbourne.
Waste management magnate eyes blockbuster $1b-plus payday
Family-owned BMI Resource Recovery is being introduced to infrastructure investors and strategic buyers with expectations of a $1 billion-plus price tag.
July
Waste-to-energy start-up launches capital raising; taps PKF
Corinthian Energy Resources is seeking to raise $18 million to tackle the Philippines’ waste management problem.
Acciona’s waste-to-energy plant Kwinana hunts 50pc partner; sale docs
Acciona is preparing to refinance and sell the country’s largest waste-to-energy project, and has hired RBC Capital Markets to launch the process.
May
$20m-a-year Envirolab Services seeks capital partner; KPMG on ticket
KPMG Corporate Finance whiz Helen Sutherland has been mandated to review options for the business.
Hazardous deals: toxic waste management biz Tellus seeks new debt
Sources involved in the situation said while the process remained “competitive”, Australian credit investment specialist amicaa was well-placed to lead the deal.
Greensill family whacks locals for waste fees
Once you make something free, it’s hard to wind that back. Even at bargain prices.
March
Cleanaway’s ‘M&A burger with the lot’ reveals ugly fracture in markets
The rubbish collector’s $377 million acquisition of Contract Resources got a bit of a hostile reception. Why? Buying from private equity.
February
Bingo lenders shop debt after S&P downgrade
Sharp-nosed credit funds in Sydney have fielded approaches from New York’s Cantor Fitzgerald, which is said to be shopping a $100 million-plus parcel of Bingo debt.
Pub chain got $9.7m taxpayer funds to fully train just 96 staff
In new evidence of widespread wastage in a Coalition training scheme, a pub group backed by Coles got $100,000 per worker to learn basic hospitality skills.
Should you worry about microplastics?
There are some simple ways to reduce your exposure as we wait to see if science can quantify the harm these tiny particles cause to humans.
January
Exxon accuses Forrest-linked charity of helping billionaire’s interests
The oil and gas giant has described philanthropic organisations connected to the businessman as “corrupting influence of foreign money”. They deny those claims.
December 2024
Rich Lister charged in park asbestos contamination
Arnold Vitocco’s family company owns chocolate chain Max Brenner and is credited with building Liverpool in Sydney’s west. He is now charged with environmental crimes.
Investors on alert as Bingo debt trades around 80¢
There’s no action yet, but special situation funds the world over – which specialise in trading discounted debt – are certainly having a look.