Yesterday
Fundies warmed up for Dubber equity raise
On the agenda is a $24 million emergency equity-raising for the ailing cloud-based call recording software group.
Capstone Copper Corp in mega block trade
Dual-listed Capstone Copper Corp has launched a $593 million block trade, overseen by Canaccord Genuity, Macquarie Capital and RBC Capital Markets.
Jon Adgemis’ pubs empire on brink as rescue deal collapses
The former KPMG dealmaker had struck an agreement with Bain Capital to refinance a vast portfolio of venues. However, sources said this had now been terminated.
Potentia Capital mulls exit at booking software group NewBook
Sources said the mid-market software and technology specialist is talking to bankers ahead of an exit later this year.
This Month
Alceon PE signs on dotted line for Boss Engineering; Citi in for debt
Alceon was attracted to the business by Boss’s focus on automation and robotics, and exposure to Australia’s essential food supply needs.
Medtech Atmo Biosciences shop raise at $55m valuation
Alium Capital Management, Japanese pharmaceuticals giant Otsuka Pharmaceutical and Breakthrough Victoria are set to cornerstone Atmo Biosciences $15 million equity raise.
Clock ticks on BlueScope’s dibs at South32’s $2.5b coal sale; DD afoot
The confidential deed grants BlueScope 60 business days to look at the books, followed by another 20 days to exercise its matching rights.
UBS, Barrenjoey, BofA top M&A league table in blockbuster-free quarter
Saint-Gobain’s $4.3 billion bid for building materials giant CSR was the biggest deal for the quarter with Barrenjoey and Lazard on for advice.
M&A hungry Australian Wealth Advisors Group beefs up board
The financial services firm will announce the appointment of industry veteran David Slack to its board on Wednesday, Street Talk understands.
Bidder field narrows for Whitehaven’s selldown at Blackwater coal mine
Indian steelmaker JSW has submitted a proposal, and would be competing against a Japanese bidder and an Indonesian entity in the auction’s final stage.
National Group flirts with US high-yield bond market amid sale, refi
Sources say a handful of Wall Street banks – Jefferies not included – have been gauging appetite for National Group to print a high-yield bond deal.
Bombora-backed IPO hopeful LVX Global enters administration
Fort Restructuring has been appointed and is 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.
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.
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.
