Australian Clinical Labs prices IPO
Australian Clinical Labs will head to the market as a business with a market value of more than $800m.
Australian Clinical Labs will head to the market as a business with a market value of more than $800m.
Four names have emerged as the cornerstone support for the float of the $2.7 billion non-bank lender Latitude Financial.
The country’s third largest poultry producer, Hazeldene Chickens, has been placed on the market.
The Smorgon family-backed fruit and vegetable grower Perfection Fresh is understood to have hired investment bank Goldman Sachs for a sale of the business.
Grow Finance is believed to be moving forward with plans for an initial public offering, hiring E&P Corporate Advisory to work on the float.
The latest spate of major corporate deals in real estate is expected to create a reweighting of the entire sector.
Dealmakers are reporting a diminishing appetite by major global funds embarking on M&A activity in areas related to sectors such as oil and gas.
Price expectations for CBA’s general insurance unit are rising, with some now expecting $1.2bn.
The Victoria government is believed to be launching a beauty parade to find an adviser for the sale of its motor registry unit VicRoads.
Pepper Money is believed to be launching a management roadshow this week for its initial public offering.
Chemical waste management business DGL Group is believed to be working towards locking in support for its $100m initial public offering.
The IPO plans of Trajan Scientific and Medical are believed to be progressing, with meetings scheduled for prospective investors.
Crescent Capital is believed to be asking investors to pay between eight and 10 times earnings for the float of its Australian Clinical Labs business.
The higher bid, which all but secures the sale of the energy play, comes on the heels of a Canadian pension fund approaching the board of Tilt Renewables with an offer of $NZ8 per share.
The billionaire chairman of Thorney Investments is taking a punt on a skincare innovation company.
Analysts have estimated the value of Crescent Capital’s pathology business, ahead of an initial public offering.
Boral’s move to consider a sale of its US-based fly ash business comes at a time of strong demand for the material.
Global banking major Citi is expected to confirm a well-flagged retreat from consumer banking in Australia when it releases its quarterly results in New York later Thursday.
Crescent Capital is understood to be looking at piling in a double for its listing.
Analysts suggest National Storage REIT could appeal to a suitor, as self-storage owners in Australia trade at discounts to global counterparts.
Original URL: https://www.theaustralian.com.au/business/dataroom/page/191