Today
CDPQ, IFM, AusSuper eye $1.6b Neoen stake, but GPG debacle looms large
The French renewables group is working with Bank of America to sell a 30 per cent stake in its large local portfolio of assets to accelerate expansion.
- 1 hr ago
Ellerston-backed video platform draws in big-name investor
The investment from Melbourne emerging companies specialist Acorn Capital takes the total funds raised by Genero to $15 million.
CommBank to refi PE-backed logistics giant; Daimler, IFM tip into debt
The new loan comes four years after Allegro Funds, led by deal maker Adrian Loader, paid less than $10 million to acquire Team Global Express.
This Month
Blackstone-backed Xpansiv considers new cash call
Early soundings are said to be pegged at a 30 per cent discount to the last valuation. The identity of the seller has not been disclosed.
Brazilian rare earth explorer Axel REE launches IPO roadshow
The deal, led by Bell Potter, will see Axel seek to raise $15 million at an enterprise value of $21.6 million.
Vimal Gor lands at Ellerston Capital
Street Talk understands the former Pendal fixed-income veteran has landed at Ashok Jacob’s funds management shop.
Quadrant crows about $500m Canva investment
The deal was led by Quadrant’s Victor Ha and Louis Casey and represents the firm’s single biggest investment.
Advent Partners buys stake in emergency care specialist
Private Emergency Health Australia has a network of about 200 doctors and runs emergency medical services departments at seven locations.
Eureka shareholders set to reject Aspen’s revised scrip bid
The shareholder rejection – and the fact that it is still outside the IE range – should pave the way for the target board to knock back the new proposal.
Deutsche Bank veteran exits after spearheading a five-year restructure
Hugh Macdonald has led the European bank’s investment banking arm since 2020.
Jon Adgemis’ PHG shelves auction for Annandale’s Empire Hotel
Sources said price expectations of circa $39 million were out of whack with reality, given the asset has north of $30 million in debt.
Sydney brewery raises capital, inks deal with finals favourite Swans
Charge your glass for White Bay Brewery! It’s got private equity, it’s got Merivale, and now it’s got AFL finals favourite Sydney Swans drinking from its taps.
Fifth Estate backs Airbnb property manager Hometime; kicks off debt raise
Hometime, which is backed by NAB Ventures and ASI Growth, has raised $10 million in a funding round led by Dane Roberts’ Fifth Estate.
PE giant EQT pays $250m for Potentia’s NewBook; 6.5 times money
Potentia has been weighing its future at the company, hiring RBC Capital Markets’ technology bankers to vet potential suitors.
Morgans’ head of Brisbane corporate advisory exits
Wednesday will be John Polinelli’s last day at Morgans, according to an internal staff memo seen by this column.
NexGen Energy $200m raise upsized after strong demand
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
- Updated
April
Start-up lender Kashcade perks up for new deals with $23m raise
The proceeds are earmarked for Kashcade’s push into research and development lending, which allows start-ups to borrow funds against future R&D Tax Incentive refunds.
Woolworths launches $468m selldown in Endeavour; Jarden on ticket
It’s not the first time Woolworths has offloaded Endeavour Group stock since the grocer spun it off to the ASX boards.
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight
The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.