Today
Australian Unity Office Fund in exclusive DD for St Kilda property
Street Talk understands the $220 million market cap fund is in exclusive due diligence with a buyer for its St Kilda Road property.
Partners upsizes forecasts for Guardian Childcare ahead of auction
Street Talk has the skinny on updated earning figures that Partners Group is betting will get tyre-kickers fighting to be teacher’s pet.
Global Switch Australia turns into two-horse race as bids land
Street Talk understands New York’s Stonepeak and local investor QIC are through to the final round of the UBS-advised process.
JPMorgan’s equities desk crosses $187 million in ASX Limited stock
Sources said a pair of unnamed shareholders had sought to offload shares.
Yesterday
AMCI launches $47.4m block trade in Jupiter Mines; taps Barrenjoey
AMCI was willing to part with about 7.4 per cent of the company currently under its ownership at 32.5¢ a share, or an 8.5 per cent discount to the last close.
Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes
Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.
TPG Capital wines and dines LPs ahead of Novotech exit
We imagine TPG’s LPs would be pushing to get answers on two of the firm’s biggest investments Down Under: Greencross and Novotech.
Victa lawnmower brand hits the block via 333 Capital
US-based Briggs & Stratton is seeking to exit the region, carving out its Australasia division in a sale led by 333 Capital.
Mystery suitor for Kiwi honey producer Comvita revealed
CVC’s interest in Comvita comes during a busy time for investors in the premium honey sector.
Adamantem Capital doubles down on Environmental Opportunities Fund
Edge Zero, led by former Energy Australia boss Richard McIndoe, is on track to deliver $15 million to $20 million EBITDA in the 2025 financial year.
Patriot Battery Metals in $44m capital raise; Euroz, Argonaut on hand
Shares were being offered at 85¢ a pop in a term sheet seen by Street Talk.
Costa family-backed GO.FARM seeks $300m for new agricultural fund
Stressed assets – either from receivership or family dynamics – is where the firm has harvested nearly a third of its 100-plus deals since its founding in 2013.
This Month
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
Chapman fields calls for in-play Queensland electricity provider LPE
The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.
Rothschild, Cameron Partners seek buyers for Nestle’s Egmont Honey
The bankers have been spruiking Egmont Honey as “the fastest growing manuka company globally” in a 10-page deck.
Quadrant puts Rocklea Road maker Darrell Lea on the block
Advisers UBS and Gilbert + Tobin are expected to market the business based on a $70 million earnings figure.
Brookfield in advanced talks to buy Twiggy-backed Windlab
Both shareholders are active investors in renewables and keen to show it’s possible to make a motza in green energy.
John Laing shops interest in Sunraysia solar farm; $400m deal mooted
Early feedback suggests the asset may fetch a $400 million price-tag, sources told this column.
Adamanetem signs $70 million debt deal for Legend Corp
The $70 million debt facility was refinanced by existing lenders: HSBC, Westpac and Metrics Credit Partners.
Cbus deputy CIO and head of private markets Alex Campbell resigns
Two years after joining Cbus, Campbell was promoted to head of private markets where her remit broadened to cover $25 billion of FUM
