This Month
Echo IQ placement ‘oversubscribed’; Ord Minnett on ticket
Bids were due at market close on Thursday, and it is understood demand exceeded $10 million.
Australia just had its hottest M&A week (and it’s only September)
Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year.
This Trade Me-backed non-bank lender wants to consolidate the market
Real Flow Finance has tapped boutique advisory firm Ad Astra to help it find a capital partner.
GIP dealmakers march ahead with Jemena acquisition
Jemena is the largest gas distributor in NSW, with about $11 billion in assets.
GDC investors tally up AirTrunk bounty; $1.70 a share return tipped
All up, that’s about $3.65 to $3.75 per share cash that GDC investors reckon is coming their way when the Etix and AirTrunk deals settle.
KKR’s John Laing snatches 95pc stake in Sydney Light Rail
Construction of the tracks through George Street caused years of disruptions for pedestrians and sent several businesses packing from the area.
Top Shelf’s cash woes give shareholders one hell of a hangover
With just 1.9 quarters of funding left in the bank, Street Talk understands everything is on the table.
PEP, OPTrust call in bankers for $2b Zenith Energy play; refi first
The immediate task at hand is to rustle up a refinancing for Zenith, which wants to upsize its borrowings from about $760 million to $1.3 billion.
Apollo selling $460m stake in Challenger; GS, Jarden on trade
“Apollo’s decision to reduce its ownership in Challenger supports redeployment of capital to support growth opportunities in other markets,” the term sheet says.
Big round of redundancies at Vanguard Australia
Vanguard’s local outpost has pushed through a sizeable round of redundancies in a rare move for the business.
Macquarie vets CommBank’s ultra-high-net-worth advice business
Street Talk understands Macquarie is circling the disenfranchised group and seeking meetings with management.
Morrison Securities boomerangs to US backer in receivership sale
Magellan-backed FinClear and Bell Potter took a peek at the due diligence before tapping out, perhaps in recognition of Beaconsfield’s upper hand in the proceedings.
E&P in $16m trade for Cettire’s Dean Mintz
The elusive founder has found himself a new broker, trading Barrenjoey for E&P Financial.
Perennial PM partners with SEEK Investments exec for new growth fund
Street Talk understands Ryan Sohn has departed the fund he helped co-found and is set to strike out with a shop of his own.
Meet the key players behind AirTrunk’s $23.5b sale to Blackstone
The $24 billion deal included $14 billion of equity and was expected to be announced by Blackstone and AirTrunk shareholder Macquarie Asset Management on Wednesday.
Institutional shareholder slashes Megaport stake; Barrenjoey on trade
Street Talk spotted a big line of Megaport shares trading hands after the market close on Tuesday.
Singapore outfit seeks $3.7bn to power up Australia’s green aviation fuel sector
Street Talk understands Southern Asian Carbon has launched a multi-billion equity raise to manufacture a trio of biofuel refineries across Australia’s east coast.
Superloop’s spurned suitor Aussie Broadband sells 12pc stake
Aussie Broadband has sold its entire 11.99 per cent stake in $872 million peer Superloop, five months after it was forced to chip away its pre-bid stake by the Federal Court.
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
Blackstone wins AirTrunk auction with a price tag close to $23.5b
The $US1 trillion-plus private capital juggernaut emerged as the winning bidder for the data centre group, defeating a consortium led by IFM Investors.
