Tariff volatility sparks rethink on bond issues
Thursday’s market volatility linked to US President Donald Trump’s tariff announcement has caused Australian corporates to rethink about raising money through the bond market.
Dataroom
Bids flood in for Fonterra’s Mainland which could be floated
Offers have landed from private equity firms and strategic suitors for Fonterra’s $2bn-plus business Mainland Group, which could also have an ASX listing.
Gold’s high price a possible trigger for more industry consolidation
The gold sector is expected to be a big winner from US President Donald Trump’s era of global tariffs but its high price could also be a precursor for more mergers and acquisitions.
GIC moves forward with purchase of stake in $10bn Transgrid
Singapore’s Government Investment Corporation will buy a stake in Transgrid under a deal which values the electricity transmission business at $10bn.
Why Salter’s Star offer was always questionable
Star Entertainment’s $750m recapitalisation deal with Salter Brothers has collapsed but doubts had earlier been emerging any deal would happen.
Perpetual expected to pick Barrenjoey to advise on sale
Barrenjoey is believed to be likely to win a role as Perpetual’s investment banking adviser as it prepares to offload its wealth-management unit.
Virgin Australia angling for IPO around $750m
The listing of the carrier could be one of the largest of the year, with a value likely around $3bn.
NZ takeovers panel issues draft ruling on NZME battle
A draft ruling from the watchdog may complicate plans by activist investors to overthrow the NZ Herald publisher’s board.
Suspended Bellevue wants to avoid any market surprises
Suspended from trading, Bellevue Gold is understood to be preparing a long-term forecast and plan to provide certainty to investors.
Private equity in decline as deals don’t stack up
Three of the world’s major private equity firms which invest in Australia have lost close to $US61.3bn from their sharemarket values this year.
Investment bankers watch on in NZME fight as battle escalates
Some think shareholders wanting to overthrow the board of the NZ Herald publisher may buy more shares to win, but others think they don’t need to.
NZ govt taps JPMorgan, Craigs for Kiwibank deal
The New Zealand government wants to prepare its lender for a potential stock exchange float in the future.
Jefferies Australia profit jumps in bumper year for M&A
The Wall Street bank’s Australia team has started 2025 with a bang, advising on big-ticket mandates.
Insulation operations face axe under Fletcher Building review
Fletcher Building’s strategic review is not expected to be announced until June, but already talk is filtering into the market about the potential outcome.
Sigma weighing convertible bond raising
The $33bn pharmacy group is considering its capital management after its merger with Chemist Warehouse.
GS, Forsyth Barr on Bain Capital’s Tower selldown
The private equity firm is moving on from its investment in the Kiwi insurer that was recently up for sale.
Boral and Bansal in spotlight as sale of GFG’s InfraBuild looms
Any suitor interested in buying the InfraBuild steel business will need to understand the company is severely undercapitalised.
Nine to ponder shopping list for its Domain riches
Nine Entertainment may already be considering how to spend the windfall it’s expected to get from the sale of online real estate marketplace Domain Group.
Country Road sale speculation still in fashion
The noise about a sale of fashion house Country Road Group just won’t go away amid talk the group is still on the hunt for a new chief executive.
Banks preparing for TEEG sell-off
Investment banks are pitching hard on sale opportunities for private equity firms, and one of the businesses in focus is The Entertainment and Education Group.
Brookfield to weigh up buyer interest for Aveo
Brookfield is expected to gain further insight by the end of the week as to what sort of price it can expect for its retirement village operator Aveo when bids are due.
Investment bankers pitching for Trade Me roles
Investment banking activity is heating up around New Zealand’s largest online auction and classifieds website Trade Me.
Healthscope offers suitors due diligence with sale process afoot
Brookfield is weighing up whether to sell or restructure its cash-strapped hospital operator and is calling for bids by May.
Investors fear second equity raising coming for Bellevue Gold
The Western Australia gold miner remains in a trading halt pending a potential production downgrade.
Gold Road’s investors up pressure for it to engage with suitor
Investors in Gold Road Resources are understood to have asked its management to engage with its mining partner and takeover suitor, Gold Fields.
Virgin’s non-deal IPO roadshow launches on Monday
The first meetings with potential investors for an initial public offering of Virgin Australia begin early next week.
Koala Furniture’s $250m-plus float gains early backing
The initial public offering of about $100m for the founder-run Koala Furniture group in May is one of few on the runway.
The Lottery Corp tries its luck with NZ play
The Lottery Corp could be looking to the market across the Tasman in order to increase its revenue.
Igneo taps RBC for $2bn-plus Clarus sale
The Sydney-based company is shopping one of the largest energy groups across the Tasman.
James Hardie buyout deal creates a firestorm
James Hardie’s $14bn buyout proposal for fellow building materials company Azek has created an investor firestorm in Australia and the US.
Original URL: https://www.theaustralian.com.au/business/dataroom