NAB bond request hints at Insignia suitors’ declining enthusiasm
Is bidder interest in Insignia waning? Some believe NAB’s early redemption request for its bonds suggests it is.
Dataroom
D-Day for Star administration decision
Lenders to distressed companies are hovering and are expected to hear by Thursday if Star Entertainment Group will enter into voluntary administration.
Cedar Pacific sole bidder for $2bn Campus Living, Greenhill tapped
The country’s largest student accommodation provider is the only group left in talks to buy the entire Campus Living business.
PE fielding more sale approaches from listed groups
More recently listed companies that have under performed on the share market are calling time on their life trading publicly.
First round bids for Ravenswood
Bidders are lining up for EMR Capital’s $2bn Ravenswood gold mine, with the $2.4bn Australian listed Regis Resources believed to be among the line-up.
How Healthscope’s pain plays out for landlords, as suitors circle
HMC Capital’s HealthCo REIT is caught in a dilemma as its hospital tenant defaults on rents.
Wall Street set to prosper on PE push for more deals
David Solomon says the number of large US companies interested in buyouts has picked up.
Ex Fortescue Metals boss lands role with PE group
Elizabeth Gaines will be a senior adviser to a group looking to capitalise on critical minerals.
Ramsay Health Care sales news sparks debate on fair value
Ramsay Health Care’s announcement last week that an investment bank was weighing sale options for its Europe arm has raised debate about its true value.
Medibank takes full control of ‘award-winning digital platform’
Health insurer Medibank has purchased a 100 per cent interest in healthcare technology business Medinet.
Canadian media tycoon buys major stake in NZME
Could James Grenon’s move to buy 9 per cent in New Zealand’s largest publisher be the start of something big?
JPMorgan set to advise on $3bn La Trobe deal
Wall Street investment bank JPMorgan is set to secure a role advising Brookfield on a potential sale or float of its $3bn-plus La Trobe Financial, sources say.
Bega may raise equity to buy Fonterra Oceania
Bega is in the spotlight over Fonterra’s $2bn-plus asset sale, with some wondering whether the process will result in a merger deal where the Australian listed buyer embarks on an equity raising.
HMC Capital must lift its offer to lenders to secure Healthscope
David Di Pilla’s HMC Capital may need to pay 40c in the dollar or $640m to Healthscope’s lenders, who are owed $1.6bn, to gain control of the business.
Suitors cooling on Insignia
Speculation is mounting that at least one of Insignia Financial’s suitors is losing interest, after the company’s share price fell almost 6 per cent last week.
Star weighs apartment option for Sydney site
Star Entertainment is believed to have been exploring the prospect of turning its Sydney hotel and casino complex into apartments as part of its desperate search for cash.
New CEO the next step after green light for Virgin-Qatar deal
Virgin Australia has the go-ahead from the government for its sale of a 25 per cent stake to Qatar Airways. Now all the company needs is to appoint a permanent CEO.
Ramsay ‘close’ to deal on European unit
The fact that the group came out and announced it had appointed Goldman Sachs to work on strategic options for Ramsay Sante while reporting its results on Thursday sent a clear signal.
Three banks in line for monster Rio Tinto equity raising
Rio Tinto’s Australian shareholders are understood to be strongly against a move by the mining giant to launch an equity raising in Australia, which may be as large as $6bn.
Tight race for Perpetual wealth unit
The focus for a contest to buy Perpetual’s wealth management unit has narrowed to Oaktree, TA Associates and FirstCape.
Original URL: https://www.theaustralian.com.au/business/dataroom