Yesterday
Halcyon daze: Rothschild to anoint property buyer
The chasing pack for the retirement village owner/operator Halcyon is getting restless.
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Brookfield takes back keys to car transporter Autocare
Linx has emerged from the restructure with what it hopes will be a cleaner and more match-fit auto services business.
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Seven Group hits 29.5pc trigger to raise Boral bid
The Seven Group has edged a step closer to securing control of Boral’s board after securing 29.5 per cent of the building materials group.
- Updated
- Jenny Wiggins
Deutsche Bank’s Glenn Morgan elevated to CEO Australia
Deutsche Bank’s local interim CEO, former equities trader Glenn Morgan, has been appointed to run the German bank’s Australian business on a permanent basis.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Hot IPO market is tough competition for consumer-hungry buyers
Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.
- Crystal Tse
Rhipe to confirm Crayon bid; defence advisers on board
ASX-listed software company is set to confirm a bid from Norway’s Crayon Group Holding ASA after years of talks between the pair.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
- Opinion
- Chanticleer
Why Goldman Sachs says this M&A boom is different
The pandemic has sparked a deal-making rush. But this time around there are far more parties willing to pay up to make mergers and acquisitions happen.
- James Thomson
June
Investors recoil as AGL details demerger plan
Embattled AGL Energy has failed to dispel market doubts over equity funding and convince investors it can thrive in the rapidly transforming energy market.
- Updated
- Angela Macdonald-Smith
Platinum Equity’s global labels group peels off Mercury’s Hexagon
Private equity firm Mercury Capital is set to print a 10-bagger at its Australasian labels business Hexagon.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Crescent Capital seeks buyer for clinical trials biz Nucleus Network
Pprivate equity firm Crescent Capital Partners has put its clinical research business Nucleus Networks on the block, with expectations of a $600 million-plus.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Morningstar data breach reveals KPMG deal maker lists
An alert system flaw for ASX-listed companies meant third parties could view project names KPMG had assigned, such as ‘Project Africa Comps’ for debt collectors.
- Liam Walsh and Edmund Tadros
Three lenders to bankroll Future Fund’s Towers move
Commonwealth Bank of Australia, National Australia Bank and Britain’s Barclays have their chequebooks at the ready.
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Novatti raising $45m for acquisitions, including Reckon stake
Reckon shares jumped more than 20 per cent on Wednesday morning, after Novatti committed to buying at least 15 per cent of the business.
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
AGL to split from coal plants in demerger
AGL Energy will split itself in two separately listed businesses, dividing its baseload coal plants into a new company Accel Energy.
- Updated
- Angela Macdonald-Smith
Future Fund pounces on Telstra’s towers in $2.8b deal
Australia’s Future Fund is understood to have cut a deal to invest in Telstra’s mobile telecommunications towers portfolio.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Hong Kong’s Tor digs deep to bankroll Aussie waste play
Tor Investment Management – the Hong Kong-based credit investor that tried to blow up Bain Capital’s acquisition of Virgin Australia last year – has landed back in Australia’s dealmaking scene with a bang.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
KKR pauses for breath after $US60 billion pandemic deal binge
The slowdown comes as workplace cultures come under increasing scrutiny and employers seek ways to retain a younger generation of workers.
- Jan-Henrik Förster
AustralianSuper mulls Ausgrid sell-down; two banks hired for auction
Superannuation bigwig AustralianSuper is considering selling a multibillion-dollar stake in NSW’s biggest electricity distribution company Ausgrid.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
Seven Group creeps up Boral register
The Seven Group has secured up to 26.3 per cent of the building materials group as it tries to complete a takeover bid.
- Jenny Wiggins
NobleOak secures ASX-listing, raising upsized
Life insurer NobleOak Life Ltd has secured a berth on the ASX-boards, after its initial public offering found better than expected support from fund managers.Â
- Sarah Thompson, Anthony Macdonald and Yolanda Redrup
