Today
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
- Jemima Whyte
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chapman fields calls for in-play Queensland electricity provider LPE
The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Rothschild, Cameron Partners seek buyers for Nestle’s Egmont Honey
The bankers have been spruiking Egmont Honey as “the fastest growing manuka company globally” in a 10-page deck.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
Quadrant puts Rocklea Road maker Darrell Lea on the block
Advisers UBS and Gilbert + Tobin are expected to market the business based on a $70 million earnings figure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Brookfield in advanced talks to buy Twiggy-backed Windlab
Both shareholders are active investors in renewables and keen to show it’s possible to make a motza in green energy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
John Laing shops interest in Sunraysia solar farm; $400m deal mooted
Early feedback suggests the asset may fetch a $400 million price-tag, sources told this column.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adamanetem signs $70 million debt deal for Legend Corp
The $70 million debt facility was refinanced by existing lenders: HSBC, Westpac and Metrics Credit Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Online music platform Melodie banks $1m funding
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
- Updated
- Ayesha de Kretser
JPMorgan starts pounding pavement for Carnarvon Energy’s strat review
Potential bidders have been told to think of the opportunity to consolidate their Dorado stake by buying up JV partner Santos’ stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Greenhill’s banking arm logs $12m profit as Mizuho deal settles
The investment bank had avoided filing its accounts, but an $836 million acquisition by the Japanese lender morphs the business into a larger advisory firm.
- Aaron Weinman
- Updated
- Street Talk
Nauru Airlines flies in for a look at collapsed Air Vanuatu
The national carrier of Vanuatu collapsed into liquidation on Friday. Fiji Airways has already expressed interest in acquiring whatever is left of the airline.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
The Aussie stock picks that made this fund a top 10
Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.
- Sarah Jones
Incitec Pivot blames gas prices for $498m fertiliser write-down
But the company said it could double returns if it sold those struggling operations to Indonesia’s PT Pupuk Kalimantan Timur and focused only on explosives.
- Simon Evans
Big four, Japanese banks circle GPG Renewables’ $1.6b refinancing
Sources said GPG is in advanced discussions with several banks to come in on a $1.1 billion refinancing of its existing facilities.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Conscious IM bankrolls agricultural acquisition for carbon credits
Under the deal, Conscious has chipped in 100 per cent of the acquisition price as debt for Greening Australia to sole ownership of the property dubbed Dixieland.
- Sarah Thompson, Kanika Sood and Emma Rapaport