Yesterday
Robotics surgery trainer IMRA Surgical seeks growth capital
Rather than an IPO, its owners are understood to be seeking a private sale in three to four years, once the business has reached profitability.
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
First Sentier sells down COG Financial stake; Barrenjoey on trade
Barrenjoey’s equities desk crossed two lines in COG Financial Services just ahead of the market close on Thursday.
Oaktree in exclusive talks with $600m accounting, advice roll-up AZ NGA
Oaktree’s investment comes after AZ NGA spent much of the past year trying to bed down a deal with TA Associates.
Rare earths player Meteoric Resources launches raise; four banks hired
Barrenjoey, Canaccord Genuity and SCP Resource Finance were mandated as the joint lead managers, while Euroz Hartleys had a co-manager role.
Terms out for Bellevue Gold’s equity raise; $150m at $1.55 a share
Until the definitive documentation is finalised – expected in October – Bellevue would hold the funds on its balance sheet.
Rare earths hopefuls offer big discounts to get raises off the ground
Long-time followers of the commodity class know that only a handful of dedicated rare earths mines have ever been built outside of China.
This Month
Bellevue Gold set to raise equity; Macquarie, Canaccord on ticket
The deal is expected to launch as early as this week, sources said.
Eildon Capital on former boss’ M&A radar
Street Talk understands that Brisbane-based property fund manager and financier Trilogy Funds is weighing an acquisition of Eildon Capital.
Global beef players line up for Australian Meat Group
Street Talk understands Brazilian giants Minerva Foods and Marfrig, and China linked New Hope are getting their ducks in a row.
UBS, Centuria Bass Credit team up for inaugural warehouse facility
The Swiss investment bank has put up an initial $100 million senior secured commitment as it increases its exposure to Australia’s non-bank real estate lending sector.
Three banks mandated for Fonterra’s Australia sale
Sources said JPMorgan and Kiwi investment bank Craigs, which have a strategic tie-up, have been mandated to run the sale alongside long-time adviser Jarden.
Au revoir! Vinci out at Queensland Airports auction as bids land
It’s the second time that Vinci, an investor in London’s Gatwick, Osaka’s Itami, Santiago and Lisbon, has missed out on adding an Aussie airport to its portfolio.
Antipodes Partners to acquire rival fund manager Maple-Brown Abbott
The nine-year-old Antipodes would oversee $18.6 billion in assets after the acquisition.
Rinehart-backed Arafura launches equity raise
Fund manager sources were told to expect a deal size in the order of $20 million, a sliver of the $US793 million that the company has flagged it would need.
Telix upsizes convertibles deal to $650m; delta block clears at $18.70
The pharmaceuticals company joins Xero and New Hope, which raised $1.27 billion and $300 million respectively in June via convertibles.
Revealed: Square Peg’s jealously guarded returns are here
Canva’s $US2.4 billion secondary share sale couldn’t have come at a better time for one of its backers – and just as it’s about to raise a new fund.
NZ’s Crimson Education retains unicorn status after stealth round
Street Talk understands investors in education technology, which is backed by former NZ prime minister John Key, have boosted their valuations after a funding round.
Crescent Capital’s 1¢ Pacific Smiles bid increase leads to chagrin
The skinny increase, which Crescent declared was their best and highest, sees the scheme consideration increase by 0.5 per cent to $1.91.
JPMorgan shops $226m delta placement block for Telix notes deal
Terms sent to potential investors show Telix shares were being offered under a variable price book build at $18.60 a share to $19.60.