Today
Turnaround titans battle for Fletcher’s Tradelink; bids this week
Sources said both PE firms have been interviewing management candidates around the town, keen to lock in talent for the fix-up job should they win.
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Eyes on Brookfield’s ACCC approvals for Neoen
The Brookfield Global Transition Fund II targets mid-teens returns but Neoen would be lucky to break above the 10 per cent mark, sources said.
Tribeca Investment Partners parts ways with GSFM Funds Management
It is the final leg in Tribeca’s separation from the fundraising specialist, and a reminder of how much the firm has expanded since it was founded in 1998.
Madison Dearborn ups APM takeover price to $1.45; deal signed
MDP bumped its acquisition price to $1.45 a share to get APM’s independent board committee over the line.
May
PEP, Revolution and NZ Super back Anchorage’s EL&F acquisition
Anchorage has form in the critical asset leasing and maintenance sector, having divested Rail First for a sweet four-times return.
‘Bait and switch’: Neoen’s Aussie bidders fuming at $10b Brookfield deal
Bank of America was advising the parent company on the Brookfield talks, while telling bidders in Australia they were prohibited from talking to anyone at the French mothership.
HMC Capital lobs bid for Symphony Infrastructure Partners
Sources say it is going toe-to-toe with a handful of infrastructure investors in the auction’s second-stage.
Documents storage business ZircoDATA shops $110m refinancing
Potential lenders for the latest deal would be thinking hard about what financial impact the breach might set off.
Crescent Capital gets into private credit business with key hire
Sinclair is well known in private equity circles, having headed up Westpac’s loan syndications and acquisition finance unit before PwC.
Anacacia Capital sparks auction at Force Fire Group; taps Greenstone
FFG is expecting post $106.4 million revenue and $8.7 million EBITDA in the 2025 financial year.
Argonaut Securities nabs Macquarie natural resources analyst
The Perth-headquartered resources specialist is understood to have added Macquarie metals and mining research analyst Jon Scholtz to its west coast operation.
Citi debt capital market bigwigs depart the bank
Street Talk understands Ollie Williams and Keith Mitchell have left the investment bank.
Last day for Jefferies equities boss Andrew Norman
Normie’s hire, along with 30 or so of his chargers in 2019, put Jefferies on the map when it comes to equities trading.
Rob Coombe’s Generation Development Group to buy rest of Lonsec
Jefferies told investors that the acquisition would be high single-digit earnings per share accretive for the ASX-listed GDG.
Equipment hire biz Alfabs Australia seeks $70m listing
Bell Potter Securities and Blue Ocean Equities were tapped as joint lead managers on the deal.
QIC launches $129m selldown at Dalrymple Bay Infra; MacCap on ticket
The trade was structured as a variable price bookbuild, underwritten by MacCap at the $2.58 a share floor price.
EastLink sell-down clears final hurdle; pre-empts waived
Future Fund’s stake will be managed by QIC, advised by Lazard. The sellers included NZ Super and Teachers Insurance Annuity of America’s Nuveen.
Ramelius approached Westgold for $3b-plus gold merger
While neither of the ASX-listed companies disclosed the deal discussions, Wednesday morning’s Takeover Panels application all but confirmed the status quo.
Next Capital snaps up majority stake in education biz Scentia
The mid-market private equity firm has inked a deal to acquire a majority stake in the career training group which controls the Australian Institute of Management.
AirTrunk’s bankers juice up forecasts for $15b sale; bids mid-June
AirTrunk expects to lease out its data centres faster than previously anticipated, which merits upgrading earnings forecasts for two to three years from now.
