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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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Yesterday

  • Premier Investments
  • The Premier split could unlock more than $1b in value

    With UBS working on the proposal, a spin-off of the company’s various assets could give Solomon Lew a personal windfall of $500 million.

  • Healthcare
  • Southern Capital eyes sale of medical practices biz; tasks BofA

    The investment bank is understood to have started contacting private equity firms and trade parties.

  • Morgan Stanley
  • Former Morgan Stanley Wealth Management boss lands gig at Wilsons

    The move adds another ex-bulge bracket banker to the line-up – Wilsons’ chairman is John Prendiville, a two-decade veteran from Macquarie who joined last year.

  • Mining
  • London’s Acheron Capital proposes to save Ballarat’s last gold mine

    The credit fund has lobbed a $42 million offer for the mine, owned by Balmaine Gold, which collapsed into administration earlier this year.

  • Capital raising
  • Azure Minerals launches $120m raise; Canaccord, Barrenjoey on ticket

    The company’s shares went into a trading halt on Monday morning.

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  • Mergers & acquisitions
  • Professional services biz BlueRock seeks growth capital partner

    The business has brought on Ad Astra Corporate Advisory and will likely be valued at $120 million-plus

  • Mergers & acquisitions
  • EQT wags tail for billion-dollar VetPartners; bids loom

    EQT Partners is wagging its tail for vet chain VetPartners, which is expected to fetch as much as $1.4 billion.

    This Month

  • Capital raising
  • Bardoc lines up investors for shot at NZ Breakers

    The UK-based firm has been gauging the appetite to buy a stake with the National Basketball League club.

  • Mergers & acquisitions
  • South Korean giant sparks partner search for NSW solar, battery assets

    Bankers’ renewables pipelines are filling up again, with Korean market leader Hanwha seeking a co-investor for its NSW portfolio.

  • Mergers & acquisitions
  • Deutsche Bank snaps up Credit Suisse dealmaker to head M&A

    The investment bank has tapped Credit Suisse dealmaker David Geddes to head M&A.

  • Whitehaven Coal
  • Whitehaven’s mystery investor fires warning shot

    The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place.

  • Capital raising
  • QIC’s PE team wins $500m mandate for European buyouts

    Danish pension fund PenSam has signed an agreement to invest $500 million in the sector via QIC over the next three years.

  • Mergers & acquisitions
  • No yolk! Navis Capital puts poultry business up for sale, taps adviser

    When it does hit the auction block, Mainland is expected to draw a decent crowd of tyre kickers across trade buyers and financial sponsors.

  • PwC
  • Allegro’s PwC spin-off away after 115 partners agree to join

    Scyne Advisory has signalled it will offer positions to 132 partners at PwC, which will be handed the Switkowski report on Friday.

  • Capital raising
  • Noble Helium, Cygnus Metals rattle the tin

    Listed microcaps Noble Helium and Cygnus Metals were among a small group of Thursday’s raising candidates, as the reporting season stifled larger deals.

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  • Live music
  • Ticketek $2b auction going nowhere fast as bids underwhelm Silver Lake

    While KKR and Blackstone may be baulking at the pricetag, there are other options on the table, including bringing in a minority investor.

  • NBN
  • Investors pile into NBN $850m green bond

    Investors leapt on the five-year high-grade fixed rate Australian dollar corporate bond on Wednesday.

  • Capital raising
  • Core Lithium asks investors for $120m to smarten up

    The listed miner had its brokers drumming up interest on Wednesday morning while its shares were halted.

  • Mergers & acquisitions
  • RBC tows Morrison & Co into Pact’s crate pooling business

    Listed packaging solutions business Pact Group Holdings has sold half of its crate pooling business to infrastructure investor Morrison & Co.

  • Imugene Limited
  • Imugene in $60m cash call for new licensing deal; Bells on ticket

    The money will be used to fund the acquisition of a licence for Precision Biosciences’ azer-cel allogeneic cancer treatment.