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Street Talk

The leading source of breaking news in Australia’s capital markets with live updates throughout the trading day. Edited by Sarah Thompson, Emma Rapaport and Kanika Sood.

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Today

  • Healthcare
  • Twiggy’s Tenmile pinches Bell Potter analyst

    The Andrew Forrest’s private health tech fund has recruited a seasoned academic, who has been working as a sell-side analyst at Bell Potter.

    • 13 mins ago
  • Capital raising
  • Dutch giant APG backs Scape’s principals in $1.5b build-to-rent push

    The trio’s initial goal is to deliver at least 10,000 build-to-rent apartments by 2030 in Sydney, Melbourne and Brisbane via acquisitions or developments.

    • 1 hr ago

    Yesterday

  • Mergers & acquisitions
  • The billionaires are still battling over how exactly Sun Cable sold

    On Friday, Sun Cable’s administrators announced that Mike Cannon-Brookes’ Grok Ventures had been successful in securing the project for an undisclosed amount

  • Mergers & acquisitions
  • FIIG Securities gets hostile bid from IAM, calls in Hamilton Locke

    IAM’s bids would have valued FIIG Securities at $27 million odd.

  • Investment banking
  • Morgan Stanley Sydney MD exits amid job cuts

    Sources said Michael Hufton, a transport and infrastructure banker who had relocated from Hong Kong, was due to exit soon.

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  • Mergers & acquisitions
  • Azure Capital in Transurban’s camp for EastLink toll road tilt

    This time around, however, Azure Capital is Transurban’s boutique pick. 

  • Mergers & acquisitions
  • Intermediate Capital resurrects SCF Containers sale, hires new adviser

    Street Talk understands ICG has parted ways with Jefferies for SCF Containers and called in Rothschild.

    This Month

  • Capital raising
  • Terms out for Sayona Mining’s $200m raising

    A term sheet sent to potential investors after market open said Sayona would offer shares at 18¢ a pop or a 14.3 per cent discount to the last close.

  • Capital raising
  • Non-alcoholic cocktail brand Naked Life serves up $3m raise

    Naked Life Non-Alcoholic Spirits, which sells a range of drinks to teetotallers beyond the standard lemon lime and bitters, is getting ready to launch a $3 million crowd-funded raise.

  • Capital raising
  • Anacacia Capital’s Pump Haircare up for sale, Miles Advisory on ticket

    Mid-market private equity investor Anacacia Capital has tasked Miles Advisory with finding a new owner for its majority stake in Pump Haircare Australia, just 2½ years after it bought the business.

  • Capital raising
  • GenesisCare lenders sell $US400m of debt, trades in mid-teens

    It’s understood at least one party has offloaded its exposure to the debt stack for “mid teens or around 15¢.”

  • Capital raising
  • Lithium rockstar Sayona Mining prepares equity raising, taps broker

    The $200 million cash call will be disclosed to the market on Friday morning.

  • Capital raising
  • Quinbrook pops up in Grok’s camp at Sun Cable, deal close

    Quinbrook Infrastructure Partners is understood to be one of Mike Cannon-Brookes’ consortium partners at Sun Cable, as the billionaire’s Grok Ventures closes in on a deal.

  • Capital raising
  • Tony Pitt’s 360 Capital signs three real estate lending deals

    Listed investment business 360 Capital is making the most of the disruption in real estate financing, signing off on three first mortgage investments.

  • Capital raising
  • Gold explorer Predictive Discovery in $40m raise

    West African gold explorer Predictive Discovery had its brokers rounding up investors for a $40 million raising on Thursday morning.

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  • Mergers & acquisitions
  • Soul Patts dives into Carlile Swimming, creates east coast platform

    Soul Patts will keep the respective brands alive on a stand-alone basis but seek to add “institutional quality” to the sector.

  • Mergers & acquisitions
  • Power up! PE investor Fortitude scores perfect TEN

    Fortitude’s dealmakers are forecasting investors could double their invested capital.

  • Mergers & acquisitions
  • Fortescue Metals in strategic review of power ops; Citi hired

    The review will consider decarbonisation and power generation options for the $2 billion-plus division.

  • IPO
  • Redox IPO broker syndicate swells; Ords, Wilsons and Shaws on ticket

    Family-owned chemicals business Redox has called in extra troops to get its mooted billion-dollar IPO off the ground.

  • IPO
  • School’s out for ECA; MacCap, BofA tee up IPO roadshow

    ASX aspirant ECA will be compared to listed tearaway IDP Education.