Today
Ding, ding! Round two under way for AirTrunk’s $15b-plus auction
Interested parties have been told to mark August 27 in their calendars for when binding bids will be due.
National Group gets its $210m refinancing; Gordon Brothers paid out
Barclays, which was in the thick of National Group’s long-running refi negotiations, tapped out in the final lap, after failing to get internal approvals.
Property payment fintech Coposit taps Ad Astra for a $10m fundraise
The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction in instalments.
Petro Australis Energy raises $24m for Cuban oilfield; eyes 2025 IPO
Its flagship asset, the Pina oilfield, was originally developed by the country’s biggest oil and gas player, the state-owned The Cuba Oil Union, in the 1990s.
Bombora poised to swap RE as redemption freeze drags
Street Talk understands the pre-IPO fund manager has tapped smaller outfit Quay Fund Services to take over as a responsible entity from Evolution Trustees.
Yesterday
Mystery buyer raids Spartan Resources’ register; Citi on trade
Fund managers were told to bid in 1¢ increments from an 82¢ floor to a maximum of 89¢ per Spartan share.
Project Eagle: Lion Advisory tees off Drummond Golf sale
Golf club membership has risen 10.2 per cent over the past three years and female membership surged 12.6 per cent last year.
The Carlyle Group pitches whole-of-APAC angle at Loscam auction
Street Talk understands Carlyle has been talking up their ability to bid for the entirety of the Loscam Asia Pacific business including China.
Paladin Energy taps Macquarie Capital for Fission buy
It is understood Paladin has been working Macquarie Capital on the acquisition.
Cleanaway’s Citywide acquisition may face ACCC clearance issues
The acquisition by Cleanaway means there’s one less competitor in the Melbourne market for disposal and collections.
Myer taps Barrenjoey, Clayton Utz for Premier approach
Premier is working closely with UBS and Arnold Bloch Leibler to assess the proposal.
Paladin Energy in M&A sweet spot, eyes on Fission Uranium
Paladin Energy has an attractive target right in its backyard in the form of Fission Uranium.
This Month
Cleanaway closes lid on Melbourne City’s garbo Citywide
Street Talk understands Cleanaway has seen off rival suitors for the business, with a deal expected to be announced as early as this week.
MST poaches Shaws co-heads to set up hybrids business
Street Talk understands Duncan and Anagnos, who have built Shaws’ hybrids and SMAs business together over the past decade, lobbed their resignations last week.
EQT locks in debt for $700m PageUp buy; CBA, Taiwanese lenders in
The $220 million, six-year loan was taken up by seven lenders, including Commonwealth Bank and Barclays.
Ex-Gandel Group dealmaker seeks $50m for new private credit fund
The firm has hired former Bank of Melbourne boss Scott Tanner to spearhead the investment committee and advisory board.
Private equity piles into Sydney telco infrastructure player CPS
Founded in 1992, CPS has grown to 170 staffers working on 1850 projects across the country.
Guzman y Gomez has a history of missing forecasts, documents show
The bottom line is this: Guzman y Gomez hasn’t been growing as fast, or is as profitable, as management had previously predicted.
Boutique M&A adviser Greenstone Partners inks global tie-up
Greenstone’s admission to the Merger Alliance network will give the Sydney firm access to a deep pool of global relationships.
Morgan Stanley, Goldman top league tables in run-up to June 30
With 10-days to go until the June 30 balance date, it is a worthy exercise to take stock of the ever-changing fortunes of ECM teams across the street.
