Bingo Industries debt holders to seek investment bank advice
Lenders owed about $800m of debt on Bingo Industries are expected to hire an investment banking adviser as they await news on the future of the cash-strapped business.
Dataroom
Platinum merger plan values L1 Capital at about $1bn
Top stock pickers Raphael Lamm and Mark Landau have the backing of Platinum founder Kerr Neilson for a deal.
Greenhill Australia slips to loss as new owner prompts changes
The company, which was recently sold to a Japanese financial firm, advised on the Pacific Smiles takeover battle in Australia last year.
Multiplex posts $122m loss, hit by Queen’s Wharf project
The Brookfield-owned company is believed to have taken a major financial hit from building the Brisbane complex for Star Entertainment and its backers.
Bega, Fonterra in standoff over brands
Bega Cheese appears to be playing hardball with Fonterra over the latter’s $2bn-plus Mainland Group sale process, after refusing to waive its legal right to take back its brand licences.
MS Australia stages comeback with strong deal pipeline ahead
The Wall Street bank was hit by the deal slowdown in 2023 but is building further on its recovery staged last year.
Southern Cross, Northern Star in focus for gold investors
Gold stocks continue to grab attention amid the soaring price of the commodity.
Top execs courted for oOh! Media role as CEO departs
Could a familiar face be back fronting the Australian listed outdoor advertiser?
BGH Capital tapped adviser to mull deal for Endeavour: sources
Private equity will be watching the performance of the $7bn liquor retailer closely, as Jayne Hrdlicka gets set to take the helm.
Value in National Storage play for rival
National Storage REIT’s move to acquire 4.78 per cent of its rival Abacus Storage King is seen around the market as a play aimed to extract a higher price or assets.
Activist investor weighs changes at top of Aussie broadcaster
The Sydney-based investor has gained a major stake in the Triple M broadcaster with a view of making changes.
Why James Hardie directors may be showing early signs of retreat
The $14bn buyout plan of Azek in a precursor to a US listing appears to have backfired for directors of the iconic Aussie company.
Montaka deal turns spotlight on MFF Capital’s Chris Mackay
A clearer picture is emerging of the extent of Chris Mackay’s fortune from the latest directors interest notice lodged on the Australian Securities Exchange in MFF Capital.
Strong performance by Keppel’s chemicals arm
Suitors previously eyeing Australian chemicals distribution company Ixom would have been paying close attention to Keppel Infrastructure’s recent quarterly update.
Chipotle woes cast doubt over GYG expansion plans
Guzman y Gomez may be going from strength to strength, but results from Chipotle Mexican Grill may spark some warning bells for the $3.3bn Australian listed Mexican fast food chain.
Brookfield spruiks $3bn La Trobe Financial sale
Brookfield has started moving forward with sale plans for its La Trobe Financial business, reaching out to a select group of potential buyers
Bally’s Corp moves closer to taking control of embattled Star
Bally’s Corp chairman Soo Kim will begin engaging with Star Entertainment management next week as the paperwork is finalised for the US group to take control.
Anchorage airs Specialised Linen Services after industry rival’s sale
Specialised Linen Services, the laundry business controlled by Anchorage Capital Partners, is believed to be on the market after the sale of its industry rival.
Buyers walk away from Gupta’s Tahmoor mine
Challenges raising capital following the falling coal price has meant some of the groups that had been looking at Sanjeev Gupta’s Tahmoor Coal Mine have now walked away.
MinRes explores selling Bald Hill
Further speculation has surfaced in the market about asset sales being explored by Mineral Resources, with the latest being its $1bn Bald Hill lithium mine.
Infrastructure assets an attractive buy to their existing investors
Investors in North Queensland Airports, Transgrid and Zenith Energy could buy out their partners rather than the infrastructure assets going to new owners.
Lack of trades as Healthscope debt value dives
Healthscope debt is believed to be tumbling in value, in what could point to the level of interest in Brookfield’s private hospital operator.
Bets are off over BHP returns for Anglo with Mike Henry exit
With chatter that a new chief could be taking the helm at the mining giant, sources say it is likely to spell the end of any mega deal plans.
Soft returns could see millionaires factory ditch local public markets ops
Top financial experts believe that it’s only a matter of time before Macquarie Group exits its public markets business in Australia.
Cettire and its supporters bat away fears of equity raising
Tariff impacts mean the luxury goods retailer may need more money from investors as fears mount it is burning through cash faster than it can make up through sales.
Low Domain share price suggests a done deal with CoStar
Domain Group shares are still trading well below a $2.8bn offer but that is likely because there’s a view CoStar has agreed to a price far cheaper than it thought it needed to pay.
Good news for Vault investors as hopes grow of a share buyback
There was speculation six months ago Vault Minerals might buy out its gold hedge book but now it seems that the miner has other plans.
Staff costs crimp GS Australia profits after bumper year
Accounts show local profit fell for the Wall Street powerhouse despite it advising on big ticket deals.
Sentinel goes for gold with Olympic precinct play
The sale of the block that houses Brisbane City Council could spark a revival of the precinct which is located near key Olympic Games facilities.
Forrest-backed hydrogen hopeful starts US drilling
Billionaire Andrew Forrest is not giving up entirely on his hydrogen dreams, backing Perth-based HyTerra in a US-drilling program.
Original URL: https://www.theaustralian.com.au/business/dataroom