Today
China Cinda selling $200m stake in Yancoal; Barrenjoey on trade
Barrenjoey Capital Markets was seeking buyers for $200 million worth of Yancoal Australia shares – or 2.7 per cent of the company – on Monday evening.
Olive Downs’ PE owners test waters for continuation fund
Sources said the talks are the first step towards selling these investors’ slice of Olive Downs into a new fund.
Goodman lures private capital giants for New Zealand funds platform
But with a target to grow funds under management to around $NZ2 billion within the first five years, there will be plenty of room for investors
Commonwealth Bank lines up $650m debt for Costa Group take-private
The debt facility is expected to print on Monday evening, just as the scheme is implemented.
Rich Lister Christian Beck gets broom out at Leap Legal
ATI also reported a blowout in losses – from $120 million for continuing operations to more than $258.3 million.
Iress sells OneVue platform business; Flagstaff, MA Moelis on ticket
MA Moelis and law firm Arnold Bloch Leibler have helped listed platform business Praemium clinch a deal to acquire Iress’ OneVue.
Global bigwigs fly in for BGH Capital’s annual love-in
It won’t be surprising if BGH Capital fields a question or two on what’s happening with exits, especially in its $2.8 billion Fund I raised in 2018.
Yesterday
Megaport on M&A watchlists as Slattery heads for exit
Nothing lights up Street Talk’s radar like a company getting its defence strategy in order.
C’est bizarre: CSR share trading post French approach raises eyebrows
CSR’s trading halt came through after the market had closed for the day, rendering it largely useless.
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Paradice lost: Charter Hall unlikely to deliver big payday
Street Talk understands Charter Hall boss David Harrison is happy sitting on just 50 per cent of Paradice Investment Management
Transurban hits brakes on Denver’s Northwest Parkway
Local deal junkie Transurban has withdrawn from the auction of a stake in Denver’s Northwest Parkway.
This Month
Aware Super tips into Washington’s Galway Sustainable Capital
Under the deal, Aware Super will tip in $US50 million to own the firm with MAM’s Green Investment Group, better known as GIG.
Saint-Gobain’s $4.3b bid for CSR two years in the making
Barrenjoey is not the only investment bank to land a spot on French giant Saint-Gobain’s $9-a-share bid for CSR Limited.
EV play Electromotiv launches funding round
Electromotiv was founded in 2017 and helps clients run zero-emission buses and trucks.
ASX-listed companies poised to swoop on IPO hopefuls
Herbert Smith Freehills’s legal eagles say there’s a wealth of opportunities for established companies to acquire targets which have been pitched for IPO.
Alinta seeks FIRB approval for renewables deal
Alinta is understood to have squared off against Beijing Jingneng Clean Energy (BJCE) in the auction’s final round.
Genesis Capital in Pacific Smiles waiting room as Crescent walks
Street Talk understands said the healthcare-focused private equity firm has walked away after checking out the in-play dental clinic operator.
Transurban accelerates down Denver’s Northwest Parkway
Transurban Group boss Michelle Jablko is ready to zoom past Melbourne’s EastLink toll road, and switch direction to another auction across the Pacific.
MinRes selling 14.5pc of Azure Minerals; JPM nabs trade
JPMorgan’s desk was seeking buyers for a $230 million parcel of shares in lithium miner Azure Minerals.
UBS, Freehills in CSR’s tent as France’s Saint-Gobain tables bid
CSR Limited is understood to be working with UBS bankers, as the building materials group vets an approach from French construction giant Saint-Gobain.
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