This Month
Engineering parts biz HMA Group seeks backer; $200m valuation tipped
The group, which sold $144 million worth of capital plant equipment to the likes of Glencore and Thiess last year, has sent PKF Corporate Finance on a hunt.
Smart heads bet BHP’s Anglo American bid gets over finish line
The ball’s in Anglo American’s court, with BHP all but telling its target to “name your price, and we will see if we can match it”.
Karoon Energy suffers ‘first strike’ as activists land a blow
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Melbourne.
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Five V Capital signs $200m-plus Habit Health acquisition
The Sydney-based private equity firm has picked up Livingbridge’s portfolio company for a mid-$200 million figure.
Wall Street banks plunder Jarden’s ranks as bonuses land
The exodus – which continues to unfold – has already included eight people who resigned on Wednesday, followed by another three this morning.
Cromwell sells European platform for $457m; eyes on ESR
In particular, banks would be gauging industrial property player ESR’s interest in chipping away at its 30 per cent stake in Cromwell Property Group.
Smash repairer Western General Bodyworks speeds back to auction block
A flyer seen by Street Talk, dubbed Project Optimus, said WGB has doubled EBITDA since it pulled the brakes on its previous sale attempt two years ago.
Next Capital shops $40m-a-year remediation specialist Enviropacific
The business has been a beneficiary of heightened regulatory scrutiny around “forever chemicals” per- and polyfluoroalkyl substances, known as PFAS.
Chairman swap at Plenary Group after arrival of Abu Dhabi wealth fund
Next up would be replacing the two board seats held by Canadian pension fund Caisse de depot et placement du Quebec.
Allens, G+T tapped for $200m AUB Group acquisition raise
Macquarie Capital’s equity desk hit the phones on Wednesday morning, chasing down fresh equity to fund the insurer’s acquisition of Pacific Indemnity.
Top Shelf International Holdings in $13.9m cash call; 43pc discount
Potential backers were told Top Shelf is past its investment phase, and would have a post-deal NTA of 15¢ a share which is “well above the offer price”.
Carlyle, Amicaa fund $128m management buyout of NZ fuel retailer NPD
Street Talk can reveal the pair have signed off on a debt financing deal to fund a management buyout the 55-year-old family-owned business.
Copper play AIC Mines in $57m cash call; Argonaut, Shaws on the ticket
Joint lead managers Argonaut Securities and Shaw and Partners were busy rounding up investors on Wednesday morning at 52¢ per share.
High exec turnover at Cbus has the super sector talking
An exodus of at least 10 Cbus executives has eyes fixed on the $85 billion construction industry super fund giant.
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.
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.
