Today
Quadrant Growth Fund dealmaker invests in fast-growing medtech
It’s one of few such companies of scale in Australia and is right in Johnny Zhang’s wheelhouse.
Ellerston, Bondi’s 1941 Fund backs Australian navy boat builder
Street Talk understands Sydney-based The Whiskey Project has pinned down $5 million to assist with its US expansion and boost its local manufacturing facility.
Longreach Capital anoints new King; signs UK deal
Sources said London-headquartered secondaries specialist Pantheon Ventures has signed up as the freshly minted unit’s first client.
IFM Investors, ISPT shareholders agree terms for $240b merger
Property investor ISPT is ready to sign on the dotted line with IFM Investors after more than a year of negotiations.
Mark McGowan-chaired Frontier Energy raising $40 million
The company’s brokers Aitken Mount Capital Partners, Barrenjoey and United Capital Partners were crossing fund managers on Monday morning for an equity raise.
Energy Resources of Australia seeks at least $210m, taps three brokers
ERA shares were halted ahead of market open on Monday as the Rio Tinto majority-owned company deals with the government veto of its Jabiluka uranium plan.
Yesterday
Sprott Capital Partners plots backdoor entry to the ASX boards
The deal valued SCP at $US21.25 million ($31.2 million), which Strata would pay in scrip and via a $US10 million equity raise.
Will Lone Star juice up its bid for Orora? Shareholders discuss
Street Talk understands shareholders are debating whether the US private equity firm will come back with a $2.70 offer.
Bain Capital a ‘motivated’ buyer of Permira-owned I-MED
A “limited” amount of new information has been shared with a handful of bidders in the past week to help familiarise them with the business.
Bidders fly into Rex auction; final offers due mid-September
Street Talk understands a fleet of parties have lobbed indicative offers including Allegro, Singaporean businessman Kim Hai Lim and specialist airline Skytraders.
D-Day looms for AirTrunk’s $20b-plus auction; bidders churn through ICs
It’s the biggest deal of the year, and one which almost every investment bank and law firm is devoting their best M&A talent.
ART set to take up Queensland government’s 33pc stake in NZ’s Powerco
The deal comes after fellow shareholder Dexus Group – which has made no secret of its desire to inch up the register – failed to find funding for the bid.
This Month
Royal London’s Peter Rutter loses $3b amid Pinnacle deal
Sources said Rutter and his team were stung by a lengthy non-solicit clause in recent weeks on top of three months of gardening leave.
Rich pickings! Goldman Sachs hires from Barrenjoey
Budovsky was head of equity execution at Barrenjoey. Prior, he held roles at Credit Suisse, Deustche Bank and Citi.
McKinsey partner set to pop up at Bankwest
Commonwealth Bank-owned Bankwest is transitioning to a digital-only bank by the end of 2024.
Newmont non-core asset sales pegged for end-year; Macquarie on board
MacCap’s resources bankers are back on the tools, and soft soundings are under way.
New Quantum’s US backer to battle local bidders in receivership sale
AUSIEX and OpenMarkets will lock horns with New Quantum’s only secured lender Beaconsfield Capital, which has been preparing to buy it out of the receivership.
Jarden shares trade at $9 as staff loans loom
Street Talk understands the Trans-Tasman investment bank pressed play on a share auction on Thursday morning.
IPH seeks $100m for Canadian acquisition via Macquarie, Barrenjoey
Underwriters Macquarie Capital and Barrenjoey were rounding up bids at $5.65 per share – a 7.1 per cent discount to the last close price.
Australian Unity Office Fund to sell Canberra tower; mulls windup
Sources said AOF has found a buyer for the Canberra property at about $22 million – versus the $29.5 million book value at the end of the 2023 financial year.
