Super gets too big for private equity
Shaun Drummond | Private equity funds are selling and investing again as the IPO and M&A market comes back to life, but an ongoing structural shift is slowly creeping up their ranks. The better-known and top-performing PE brands appear to be doing well – but their ranks are likely to thin as the super funds get bigger and bigger.
Macquarie blamed for fat-finger float
What should have been a relatively smooth first day of trading for online retailer MySale quickly turned into the fat-finger blunder of the week.
Oracle pays $US5.3b for Micros Systems
Software giant Oracle has struck its biggest deal in five years, agreeing to buy Micros Systems, a maker of software for restaurants and hospitality providers, for $US5.3 billion in cash.
Push to fix big banks’ buffers
Shaun Drummond | The global banking regulator has released the first stage of plans to fix large variations in the buffers big banks hold against losses.
Global banking sector on notice after BNP Paribas punishment
Australia’s big banks have been given a sobering reminder of the importance of complying with the raft of tough US banking regulations as France’s largest bank, BNP Paribas, awaits a massive fine for doing business in countries subject to US sanctions.
Start-ups will take fight to big banks
The country’s major banks are cooling their heels as they await the July 15 release of the interim report of the financial system inquiry, headed by former CBA boss David Murray.
Latest ASX takeover announcements
Bank of Montreal pays £708m for UK asset manager
In a bid to expand its wealth management offerings in Europe, the Bank of Montreal’s parent company said it would acquire F&C Asset Management of Britain for £708 million.
RBA holds rates but CBA picks November rise
The Commonwealth Bank is one of the few institutions to pick a Reserve Bank rate hike this year, after the central bank left rates on hold again for a 10th straight meeting.
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 31,282 | 18 | 39.6 |
| 2 | Macquarie Group | 17,163 | 25 | 21.7 |
| 3 | UBS | 16,874 | 14 | 21.4 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 3,378 | 13 | 20.8 |
| 2 | Citi | 2,806 | 4 | 17.3 |
| 3 | UBS | 2,509 | 25 | 15.5 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 12,685 | 41 | 17.1 |
| 2 | ANZ | 9,571 | 61 | 12.9 |
| 3 | National Australia Bank | 9,485 | 51 | 12.8 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 9,306 | 69 | 19.1 |
| 2 | National Australia Bank | 7,467 | 46 | 15.3 |
| 3 | Westpac | 7,115 | 53 | 14.6 |
JPMorgan, Deutsche extend chatroom bans: sources
JPMorgan Chase and Deutsche Bank are extending bans on the use of multi-dealer online chatrooms, sources say, as banks crack down on potentially inappropriate communications.
Lloyds Bank appoints Blackwell new chairman
The Lloyds Banking Group said that Norman Blackwell would become its chairman next year, succeeding Winfried Bischoff, who is scheduled to retire in April.
Latest ASX capital announcements
| BSP | 01/07/14 | Supplementary Prospectus |
| NST | 01/07/14 | Appendix 3B |
| TAP | 01/07/14 | Appendix 3B |
| VIC | 01/07/14 |
Placement Update
|
| DUO | 01/07/14 | s708A Notice & Appendix 3B |
| VIC | 01/07/14 | s708A Notice & Appendix 3B |
| RSG | 01/07/14 | Issue of Resolute Performance Rights |
| CLZ | 01/07/14 | Appendix 3B - Correction |
| ELT | 01/07/14 | Entitlement Offer Prospectus to Shareholders |
| OEX | 01/07/14 | Expiry of Unlisted Employee Options |
Block trades hit five-year high
Few deals are riskier for equity capital markets bankers than a block trade. But with placements thin on the ground this year, block trades were the main game for firms to dominate the all-important league tables
The mammoth listed fund battle
It took an hour long meeting in Bacino’s, one of Mosman’s most popular cafes, to jolt forward the largest takeover in Australia’s listed real estate space since 2007.
All toll roads lead to the same place
Inside the deal | How the deal for bankrupt Brisbane toll road, the Clem7 tunnel, unfolded, ending in Queensland Motorways $618 million purchase.
