Goldman exits Timezone debt
Goldman Sachs is understood to have offloaded debt in Timezone owner The Entertainment and Education Group.
Goldman Sachs is understood to have offloaded debt in Timezone owner The Entertainment and Education Group.
The valuation of a bid put forward in recent weeks by Apollo Global Management for wagering and gaming is said to be between $3bn and $3.5bn.
Investec is understood to have fielded offers from international banks, credit funds and special situation funds for a $1bn loan book.
The contest for takeover target Bingo Industries could expand, with murmurings in the market that at least one other party is waiting in the wings.
Ares Management’s highly anticipated bid for AMP Capital is set to be for only part of the funds management division, according to sources.
The offer for Tabcorp’s wagering and media unit by Ladbrokes owner Entain is now understood to be $3bn.
Whether AustralianSuper makes another play for Infratil largely depends on the outcome of the sales process of Tilt Renewables.
Final bids are understood to have landed in the competition to buy ME Bank, where the board is believed to be still deliberating divestment.
South African bank Investec is understood to be sounding out prospective buyers for its Australian loan book, thought to be worth about $1bn.
Private equity firm EMR Capital is understood to be preparing the plans for an IPO of its Golden Grove mine and other copper assets.
Dragi Ristevski will become a managing director, heading up private equity coverage across Australia and New Zealand.
Competition among the investment banks for mandates in the market is expected to get interesting this year.
Credit Corp’s plan to buy assets from its struggling debt collection rival Collection House is expected to face strong scrutiny.
Billions of dollars’ worth of telecommunications towers will be the focus of dealmakers in the year ahead.
Australian Unity is understood to have drafted in some defence against suitors hoping to gain control of its $2bn healthcare portfolio.
British billionaire Sanjeev Gupta is understood to have delayed the plans for his initial public offering of Infrabuild that had been slated to occur this year.
New York-based Cerberus Capital Management is understood to be moving forward with plans to compete for Westpac’s $11bn auto loan portfolio.
Bidders for Blackstone’s Milestone Logistics Group are lining up advisers as they prepare to lob offers by early March.
Macquarie Capital is understood to have passed up the opportunity to float Australian wine e-retailer Vinomofo, with Jarden Australia now on the ticket.
A $2bn block trade could be launched within days following the findings of the inquiry into Crown Resorts, sources say.
Original URL: https://www.theaustralian.com.au/business/dataroom/page/200