Today
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.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Genex shares surge as Japanese utilities giant lobs bid
Scott Farquhar’s Skip Capital and a partner walked away from a lower bid for the Queensland renewables developer 14 months ago but remain its biggest shareholder.
- Ben Potter and Angela Macdonald-Smith
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EQT’s record-breaking fund opens door for rich Australians
The private equity firm raised about $36.5 billion on Wednesday in a historic round in which Australians played an unsung role.
- Aaron Weinman
Saint-Gobain buys into CSR’s dark past along with its bright future
The French giant’s $4.3b takeover of the building products group, pivotal to Australia’s industrial development, isn’t without thorny issues.
- Simon Evans
ADIA cashes out of Precinct Properties; Jarden on trade
The Abu Dhabi Investment Authority has sold its $262 million stake in Precinct Properties
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual frustrates analysts with no update on demerger
Perpetual CEO Rob Adams says he understands the frustrations about the lack of detail surrounding plans to break the company up.
- Jonathan Shapiro
QANTM’s disclosure perplexes market, rival bidders
For shareholders, a takeover may be the only light at the end of the tunnel.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
