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.
Dataroom
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.
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.
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.
Gupta asks too much for mine
Sanjeev Gupta’s attempts to sell the Tahmoor Coal Mine owned by his GFG Alliance is attracting some credit fund buyers, but most coal miners are sidestepping the offering.
Kelsian belted after failing to deliver
The bus operator’s plan to target selective acquisitions to meet return hurdles and enhance existing operations now looks like wishful thinking.
Barrenjoey in new Worley link
Investment bank Barrenjoey turning up to help Worley in its $500m share buyback has attracted attention, with some thinking something else could be afoot.
Flagstaff advising PointsBet on takeover defence
PointsBet has tapped Flagstaff Partners as its defence adviser after fielding two $340m-plus buyout proposals.
KKR testing the waters in media
Kohlberg Kravis Roberts may have walked away from a $2.2bn deal to buy Perpetual’s Corporate Trust Unit, but it still has Australian-based mergers and acquisitions on its agenda.
Dalrymple Bay Infrastructure on acquisition hunt
The coal port operator says it is identifying opportunities for diversification through acquisitions.
Parties sign up bankers for Healthscope bids
Parties are getting serious about a Healthscope takeover attempt, with investment bankers now being signed up such as Macquarie Capital being tapped by HMC Capital.
GLNG in pole position for gas plant
Gladstone LNG is seen as the frontrunner to buy the Meridian gas plant in Queensland’s Bowen Basin, which could go for more than $600m.
Investors signal an end to deals as share prices go into reverse
Investors are sending a clear message to listed companies about their disapproval of mergers and acquisitions, with several major companies sold off sharply following big deals.
Retirement group taps three brokers for $900m cash call
Ryman is making its second visit to equity investors in two years as it downgrades earnings guidance.
Groups circle Perpetual’s wealth business
The listed financial group has called off its $2.2bn unit sale to KKR, and now it’s working on a Plan B.
Domain Group hires adviser for takeover defence
The online real estate group is assessing whether it will accept or reject a $4.20-per-share offer.
Ramsay keen on Healthscope
Ramsay Health Care is believed to be positioning itself to become involved in a break-up of Healthscope and is keen to gain control of hospitals owned by its rival.
Focus on oOh!media as private equity starts buying
Private equity groups are back in the media space assessing possible buyout options, sources say, believing listed industry stocks now represent good buying.
Existing shareholders may exercise rights to lift Zenith stake
Private equity firms and infrastructure investors may be lining up to buy Zenith Energy but there’s a question mark over whether the business will be sold to an external group.
Liverpool Partners may seek backer for Genea
Speculation is mounting that Genea could be the next healthcare business to hit the market, with owner Liverpool Partners likely to be looking for a financial backer.
CoStar boss had eyes on Domain on Australian trip
CoStar founder and president Andrew Florance is understood to have been in Australia late in 2024 as part of his quest to gain control of Domain Group, sources say.
Origin, Goodman ponder demergers, spin-offs
Two listed powerhouses, Origin Energy and Goodman Group, could both have their sights on major demergers or spin-offs of units in the coming years.
BlueScope management could be Whyalla first step
A move by BlueScope to manage the Whyalla steelworks on behalf of the government could be stage one of a long-term plan to find a solution for the troublesome operation, sources say.
US online property player launches $2.65bn Domain Group bid
CoStar has raided Domain Group, with Macquarie Securities amassing up to 10 per cent of the stock.
Top real estate banker departs Barrenjoey
The dealmaker is the first among the top ranks to leave the Australian investment firm since its launch.
Light and Wonder rivals out of the Grover game
Light and Wonder is believed to have fended off competition for Grover Gaming from groups including the Australian-listed Aristocrat Leisure and Churchill Downs Incorporated.
Lactalis taps Rothschild for Fonterra asset sale
About 30 parties are so far interested in Fonterra’s valuable portfolio of dairy brands that it has placed up for sale.
Original URL: https://www.theaustralian.com.au/business/dataroom/page/5