Today
IPO hopeful LVX Global enters administration
Fort Restructuring have been appointed and are seeking urgent expressions of interest.
Austal’s long-serving chairman weighs retirement as bids land
Multimillionaire John Rothwell founded the Forrest family-backed shipbuilder in the 1980s and has been at the helm since.
Yesterday
MaxCap rounds up $76m for Chinese-backed developer Landream
A prominent Victorian developer is getting busy in Melbourne’s industrial north, hitting up lenders for a first mortgage land facility.
Macquarie, PSP ready to part with 88pc of AirTrunk; DD kicks off next week
Street Talk has obtained as much detail as any of the carefully vetted bidders currently signing the non-disclosure agreements.
Barrenjoey axes sell-side research on Platinum Asset Management
Barrenjoey fired off a note, signed by insurance and diversified financials duo Andrew Adams and Niva Chandrasekaran, saying it would “cease coverage” on Platinum.
JPMorgan’s head of energy, renewables exits
The bank will split Andrew Sutherland’s coverage responsibilities – plus clients and direct reports – across two MDs, who will be expanding their roles.
Dexus hits the road for $1b opportunistic fund; first close in April
At about $1 billion, DREP2 would be about twice the size of its predecessor which secured $475 million in equity commitments from investors including Mercer.
This Month
Beauty brand Etto taps Lempriere Wells for convertible notes raise
Etto is open to a convertible note or equity raise, and will look to upsize to $3 million if the right investor comes along.
Bankers on the scene at PE-owned Queensland coal mine Olive Downs
Jefferies’ US-based resources bankers have been trying to line up buyers for a stake in Olive Downs, which will be housed in a new continuation fund.
Aussie Broadband loads up $50m block trade in Superloop, taps Unified
Thanks to a court-set deadline, it was willing to part with the shares at $1.31 apiece or a circa 3 per cent discount to the last close.
Fintech Constantinople banks $50m in blockbuster funding round
Sources say Amsterdam-based tech venture capital firm Prosus Ventures led the deal alongside its existing investors Square Peg Capital and Airtree Ventures.
March
Optus-Brookfield mooted deal a boon for sector valuations
Expectations that the telco could fetch $16 billion to $18 billion could be a win for rivals Telstra and TPG Telecom, E&P analysts say.
France’s Engie seeks co-driver at Aussie EV charging biz
Here comes another EV charging deal, courtesy of French utilities giant Engie.
Blood giant CSL works up $US1 billion-plus bond deal; banks mandated
CSL has a host of top-tier investment banks working on the deal, namely Bank of America, Citi, JPMorgan and HSBC.
Healthscope lenders poised to appoint Houlihan Lokey amid restructure
Houlihan Lokey restructuring whiz Jim McKnight is expected to be appointed by lenders at Brookfield’s private hospitals group Healthscope.
Global Alternative Funds picks up private credit firm MD
Street Talk understands the private equity fundraising shop has added Oak Hill Advisors managing director Signe Brandt to its operation.
Canadian gold play FireFly in $52m cash call
Sources said the $247 million market cap company is seeking to raise fresh funds at a 10 per cent discount to its last traded price.
Shaw and Partners expands ECM team as small-cap raisings pick up
Evercore vice president Maxwell Davies is set to join Shaw’s corporate finance and equity capital markets team in April.
Canva on dealmaking circuit, swoops on British graphic design group
Sources said that the home-grown technology giant was buying Serif Europe’s Affinity and its creative suite, which was first launched in 1987.
Vitality Brands snaps up PE-owned beauty business Essano
Vitality Brands, best known for selling Australia’s No.1 sunscreen under the Cancer Council brand, has agreed terms to acquire Kiwi natural beauty player Essano.
