Today
ADIA cashes out of Precinct Properties; Jarden on trade
The Abu Dhabi Investment Authority has sold its $262 million stake in Precinct Properties
- 20 mins ago
Houlihan Lokey starts New Wilkie clean-up job; flyers out
The shortlisted parties will be taken through site visits and management meetings, before the April 22 deadline for binding bids.
Ares Management signs $450 million facility with non-bank lender
Under the terms, Ares will become a funding partner for the Pallas Funding Trust No.2, which will lend to borrowers in the commercial real estate sector.
WA gold explorer Ora Banda Mining launches $30m raise
The raise comes as Ora Banda was down to $19.2 million cash at December 31.
QANTM’s disclosure perplexes market, rival bidders
For shareholders, a takeover may be the only light at the end of the tunnel.
Yesterday
Allianz calls time at Hunter Premium Funding; hires sell-side adviser
Hunter, which traces its history back to 1977, helps large businesses split hefty bills for insurance premiums into smaller instalments.
Jarden shareholders puzzle over financial update
Only four months ago, this column reported that leaked accounts for the six months to the end of September showed an $NZ8.7 million ($8.2 million) loss.
PwC in buyer hunt for high-margin fencing biz; Coates Hire in mix
PwC reckons 1300TempFence’s 41 per cent EBITDA margin could be a nice little money-spinner for a new owner.
Salter Brothers puts Prospa shareholders out of their misery
Prospa shareholders have been offered two options: cash out at 45¢ a share or roll-over into the unlisted holding company.
QANTM Intellectual Property snares bid; MA Moelis on scene
Quadrant Private Equity’s deal makers and their cross-town rivals at Adamantem Capital submitted bids for QANTM, but have been bested by offshore trade.
This Month
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 the 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.
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.
- Updated
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
