Today
Dubber mulls equity raising at ‘massive’ discount; UCP on the hook
The raising offer price would need to be pegged at a discount of at least 60 to 70 per cent to the last close of 22¢ a share for it to succeed, fundies said.
GIP hangs up for-sale sign at Pacific National; mandates banks
Street Talk understands GIP has mandated JPMorgan’s bankers to find a buyer keen for a slice of its 50 per cent stake in Pacific National.
Yesterday
UK’s Amber in capital partner hunt for Aussie data centre biz iseek
iseek is the smallest deal to cross Street Talk’s desk in recent weeks, but it should be a beneficiary of surging investor interest in the sector.
Spotlight swings back on TDM Growth Partners
While both businesses have grown, it’s unclear whether backers will see much by way of returns.
MMA Offshore peer starts IPO preparations, hires broker
Even better for prospective investors, the surge in activity has come at the same time as a supply crunch in new vessels.
RBC Capital Markets hires from JPMorgan
James Cornell is due to start at RBC in mid-March, according to a staff memo sent out by the investment bank’s head of equities, Australia, Karen Jorritsma.
J-Power taps MacCap, Minters to Skip-proof Genex Power bid
Selling into J-Power’s bid should get some tongues wagging on the Atlassian co-founder’s ambitions to support energy transition.
Saba Capital widens out Aussie hit list, disclosures show
Saba is sitting on stakes in Chris Mackay’s $2 billion MFF Investments, the circa $392 million Platinum Capital and Geoff Wilson’s $769 million WAM Global.
This Month
Kiwi PE firm to sell $NZ700m lease book, maintenance biz to Anchorage
Maui told investors that Anchorage presented a clear path to acquire both divisions, and would deliver a clean exit.
PEP’s turn for annual jamboree with limited partners
It would be interesting to see what PEP tells its backers about potential exits for 2024.
NEXTDC mulls data centres acquisition; EQT lurking in the wings
Sources close to the sell-side cautioned the mooted deal was in the “very early stages” and some way from being signed.
Cettire founder Dean Mintz sells 7.2pc via Barrenjoey
Dean Mintz, the founder of discount luxury retailer Cettire, was selling 7.2 per cent of the company on Friday evening.
Human resources giant Hudson shops tech platform; Record Point tapped
Hudson, one of the largest human resources firms in Asia Pacific, is ready to jettison its talent technology platform.
February
Tasmania’s ABEL Energy preps raise for $1.7b green fuels project
The Bell Bay Powerfuels project wants to ship 300,000 tonnes of “green” methanol production annually, starting in 2028.
Fletcher Building anoints sell-side adviser for Tradelink
The construction company, which trades on both the New Zealand and Australian stock exchanges, has appointed Miles Advisory to oversee the process.
Rakon board sits on offer from $25b wireless chip maker
The California-headquartered technology giant is part of the S&P 500 index and has close to 10,000 employees throughout Asia, Europe and North America.
Record Point limbers up for Snap Fitness auction
Snap Fitness has 1000 clubs spread across 18 countries and is expected to attract the attention of local private equity groups already invested in the sector.
Riverside paves exit at road rehab business Hiway Group
Of note, Direct Capital is the same firm which sold the asset to Riverside in 2018.
ADIA cashes out of Precinct Properties; Jarden on trade
The Abu Dhabi Investment Authority has sold its $262 million stake in Precinct Properties
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.
