Pimco warns on $A, housing
Exclusive | The world’s largest bond fund, Pimco, is warning that a sustained period of easy money could keep the currency elevated and damage Australia’s economy by forcing investors to chase higher returns in the property market.
How to blow billions: WA’s munificent government
The WA Liberal government’s pockets were bulging with money, but it just couldn’t stop being everyone’s mate.
UGL head says it’s not dragging its feet over split
UGL chief executive Richard Leupen has dismissed speculation he is dragging his feet on a split of the group’s engineering and property businesses, foreshadowing the company could be ready to break up by June.
Class Super gets show on road for planned float
Class Super, which provides accounting software for self-managed superannuation funds, is conducting investor roadshows before a planned float in 2016.
Casino players ready to roll
Asian gaming group Genting has been waiting for more than a year to find out if it will be allowed to increase its stake in Sydney casino operator Echo Entertainment.
Senior execs making mid-career leap to private equity
Australian private equity veteran Joseph Skrzynski says his firm CHAMP Private Equity is being inundated with listed company senior management looking to escape public markets and get into private equity.
Competition in payment systems
The providers of payment systems such as MasterCard and PayPal are both competing and collaborating. More AFR TV
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 19,992 | 23 | 28.3 |
| 2 | Lazard | 13,901 | 9 | 19.7 |
| 3 | Macquarie Group | 13,356 | 21 | 18.9 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 4,507 | 23 | 37.3 |
| 2 | Macquarie Group | 1,793 | 21 | 14.8 |
| 3 | Bank of America Merrill Lynch | 687 | 6 | 5.7 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 16,650 | 65 | 15.5 |
| 2 | ANZ | 16,090 | 89 | 15.0 |
| 3 | Commonwealth Bank of Australia | 13,256 | 43 | 12.3 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 8,187 | 79 | 14.2 |
| 2 | Westpac | 6,943 | 58 | 12.1 |
| 3 | National Australia Bank | 6,809 | 60 | 11.8 |
Latest ASX takeover announcements
| CBQ | 20/09/13 |
Target's Statement
|
| HRC | 20/09/13 | Off-Market Takeover Offer Received |
| NIU | 20/09/13 | Receipt of Target's Statement |
| NIU | 20/09/13 |
Target's Statement
|
| APK | 19/09/13 |
AGK: AGL reaches 90% ownership of APG & closes 11/10/13
|
| CEN | 19/09/13 |
Services Agreement and Funding Support
|
| TRU | 19/09/13 | EQT: Next date for advising offer conditions status |
| IFL | 19/09/13 |
IOOF to acquire strategic holding in EQT
|
| PPT | 19/09/13 | PPT - ACCC announcement |
| AXX | 19/09/13 | ACCC to not oppose Perpetual / The Trust Company |
Hedge funds emerge on top in battle for Billabong
Inside the deal | Billabong has been the subject of takeover offers for the past 18 months, and in the end it came down to offers and counter offers between private equity firm Altamont and two hedge funds, Oaktree and Centerbridge.
Moelis’s Pridham caught up in sex discrimination suit
The head of Moelis & Company’s Australian arm, Andrew Pridham, is embroiled in a sexual discrimination suit brought by a former female employee who claims she was sacked for being in a relationship with a former co-worker.
JPMorgan to pay $974m in fines for trading loss
More than a year after a group of traders at JPMorgan Chase caused a multibillion-dollar loss, authorities have imposed a $US920 million ($974 million) fine on the bank and shifted scrutiny to its top managers.
Latest ASX capital announcements
| MOY | 20/09/13 | Closure of Rights Issue |
| TRF | 20/09/13 | Release from Escrow |
| CSD | 20/09/13 | Appendix 3B - Completion of Shortfall Placement |
| CAV | 20/09/13 | Appendix 3B |
| CAV | 20/09/13 |
Entitlement Issue Prospectus
|
| GMM | 20/09/13 | Appendix 3B on exercise of listed options |
| ORG | 20/09/13 | Appendix 3B |
| AGE | 20/09/13 | Rights Issue- Letter to Shareholders |
| WAA | 20/09/13 | Appendix 3B Exercise of Options |
| MFG | 20/09/13 | Appendix 3B |
Why Carlyle Group is cautious over billion-dollar private equity buyouts
The Carlyle Group managing director Simon Moore says he is reluctant to buy billion-dollar businesses off rival private equity firms, citing concerns about the ability to add sufficient value to a business coming out of a peer’s ownership.
SKM engineers its transformation
Inside the deal | For four years Sinclair Knight Merz has tried to find a way to expand its engineering consultancy fast enough to keep up with global demand. The solution helped create one of the largest engineering firms in the world.
UBS snags Duet’s $100m pipeline deal
Duet Group struck a deal with Chevron Australia to build a new pipeline for the $29 billion Wheatstone liquefied natural gas project. Things took an interesting turn when UBS became involved.
