Today
Pemba Capital makes a splash with Sequana
The mid-market private equity shop has taken a majority stake in water advisory business Sequana, marking the firm’s fourth investment this calendar year
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
See ya laters! GIP taps out at Queensland Airports auction
Dexus has until September 23’s deadline for binding offers to hunt for a partner that could fill in the equity funding hole left by GIP’s decision to walk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Downer EDI back in the black as cost-cutting pays off
The contractor’s shares soared on Friday as it swung back into profit and proved it could increase earnings margins.
- Jenny Wiggins
New French fossil fuel tax clips Atlas Arteria’s profit
The motorway group’s interim profit slid 16 per cent despite making more money from tolls, as the introduction of the levy hits the bottom line.
- Jenny Wiggins
Worley profits surge but pipeline softens as energy projects cancelled
Customers are being more “pragmatic” on how they reduce carbon emissions and putting pure sustainability projects on hold, says chief executive Chris Ashton.
- Jenny Wiggins
Debt deal makers prepare to lend big for winner of $20b-plus AirTrunk
Both sides have arranged their own debt packages on top of the OpCo slice, where IFM and Blackstone are understood to be using different structures.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Qube’s Moorebank stake on the block
The logistics group said it could sell its stake in its new Moorebank interstate rail terminal after strikes at stevedore DP World helped boost annual net profit.
- Jenny Wiggins
Transforming the nation
Infrastructure Summit features Australia’s top executives and policymakers as they explore critical investments and development plans, assessing how well they align with the nation’s pressing needs and targets.
Singapore’s Keppel to battle Affinity at $1b-plus Waste Services Group
The Singaporean will lock horns with Pan-Asian player Affinity Equity Partners, which has mandated Barrenjoey to advise on its bid as revealed by this column in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Construction
The ASX’s next big float is a South African construction giant
Aveng will spin out its Australia and New Zealand business McConnell Dowell and examine listing on the ASX next year.
- Patrick Durkin
Monadelphous optimistic on energy transition despite lithium loss
The Perth-based construction group delivered a 16 per cent increase in annual net profit to $62.2 million.
- Jenny Wiggins
NSW government hunts bankers for tolls showdown with Transurban
On offer is the opportunity to act as the NSW treasury and transport’s lead financial adviser on changes to the tolling system expected by the year-end.
- Sarah Thompson, Kanika Sood and Emma Rapaport
AustralianSuper taps BofA for Queensland Airports final bid; NQA next
Three bidders are expected to submit final offers for Queensland Airports Limited on September 23, sources say.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bidder drought hits UniSuper selldown of Victorian desalination plant
Sources say core-plus funds had walked away after deciding the valuation needed to be significantly lower than UniSuper was prepared to accept.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Exclusive Subscriber Offer - Infrastructure Summit 2024
Valued Australian Financial Review subscribers have an opportunity to receive an exclusive 15% discount on in-person tickets to the Infrastructure Summit 2024 on November 11, 2024.
Stokes’ vision for Seven’s Boral comes to life
Seven Group boss Ryan Stokes says the company is interested in buying the BGC cement division left behind by the late WA entrepreneur Len Buckeridge.
- Brad Thompson
James Hardie battles weak demand in Australian reno market
Renovators are holding off on big projects because of high building costs and economic uncertainty, but the building products maker expects an improvement in 2025.
- Simon Evans
Aurizon tumbles on weak earnings outlook
The rail group’s shares slid despite a $150 million buyback and 25 per cent rise in net profit as investors took a dim view of its 2024-25 prospects.
- Jenny Wiggins
Transurban investors get bigger payday but growth prospects scarce
The toll road giant reported a quadrupling of profits in the last financial year, with higher dividends expected. But it faces slower growth on its roads.
- Updated
- Jenny Wiggins
- Exclusive
- Property development
Home building faces Productivity Commission probe
The new inquiry comes amid housing industry doubts that the Albanese government will achieve its goal of 1.2 million homes to be built over the next five years.
- John Kehoe
