Costa raising taps investors for $176m
Costa Group is tapping institutional investors for $176m in an accelerated capital raising as part of efforts to pay debt.
Costa Group is tapping institutional investors for $176m in an accelerated capital raising as part of efforts to pay debt.
EPE Capital, formerly Champ Private Equity, is understood to have a data room open for prospective investors in its fifth fund.
Virgin Australia will be hosting an afternoon tea on Monday about the debt that it plans to list in Australia.
Could Chilean conglomerate Sigdo Koppers be back in talks with Downer about the company’s mining services division?
Puma Energy is believed to be in final negotiations for a sale of its Australian assets which were recently placed on the market.
Speculation is mounting that a private equity firm is working towards a deal to buy outdoor advertising company QMS Media.
Intermediate Capital Group is offloading its shipping container provider SCF through advisory firm Jefferies.
Macquarie Group is believed to be moving to sell down its interest in Nuix Technologies in a deal that could be worth up to $700m.
Private hospital group Healthe Care Australia is believed to have embarked on a refinancing through Goldman Sachs.
Macquarie said to be keen to sell part or all of its interest in Sydney-based Nuix.
Costa Group is thought to be in talks with its lenders following the suspension of its shares from trade on Wednesday.
More buyout funds appear to be trawling over two of the largest businesses up for sale in Australia.
Anchorage Capital Partners has finalised a deal to buy distressed transport company CF Asia Pacific.
An uphill battle looms for floats after four groups abandoned their listing plans in two weeks.
A fourth float in two weeks has been cancelled, with PropertyGuru scrapping IPO plans.
Costa’s shares have now been suspended from trade as the market braces for a profit downgrade and a likely equity raising.
Another IPO has flopped, with Bain Capital understood to have suspended the float of Boost Juice owner Retail Zoo.
PropertyGuru is shaping up to price at the bottom end of the range for its IPO as the company launched its bookbuild.
The asset is expected to fetch about $600m and local groups such as Cbus and ICG are expected to line up as buyers.
Costa Group is expected to reveal not only a profit downgrade when its shares resume trading but also plans to raise equity.
Onsite Rental appears to be taking a cautious approach for its initial public offering, raising less than was expected.
Costa Group’s trading halt might be for more than just a profit update and could include equity raising.
PropertyGuru is shaping up to price at the bottom end of the range for its initial public offering.
WA nickel explorer St George to tap the market for $5m to back drilling at emerging Mt Alexander project.
Onsite Rentals has been priced as being worth up to $430m for its initial public offering.
Fletcher Building is the latest company to come under close scrutiny when it comes to M&A.
IPO aspirants Onsite Rentals and Retail Zoo are believed to be working hard to lock in cornerstone investors.
The poultry producer’s board is concerned that the company could be a takeover target.
Pricing pressure for blueberries and mushrooms is understood to be taking its toll of the grower and marketer.
Cromwell urges rejection of nominated director Gary Weiss, as tensions rise with major shareholder ARA.
Original URL: https://www.theaustralian.com.au/business/dataroom/page/194