Yesterday
Sydney brewery raises capital, inks deal with finals favourite Swans
Charge your glass for White Bay Brewery! It’s got private equity, it’s got Merivale, and now it’s got AFL finals favourite Sydney Swans drinking from its taps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PE giant EQT pays $250m for Potentia’s NewBook; 6.5 times money
Potentia has been weighing its future at the company, hiring RBC Capital Markets’ technology bankers to vet potential suitors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport
Healthscope in $919m writedown as hospital costs jump
One of Australia’s biggest private hospital operators plunged into the red as wage and medical supplies costs climbed, and it booked a big impairment.
- Simon Evans
AirTrunk’s owners set NBIO deadline for $15b sale
Bidders have been given until the end of May to submit first-round bids, in what will serve as an early gauge of AirTrunk’s much-touted $15 billion price tag.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual inches closer to KKR deal
The wealth manager is one step closer to breaking up the business after it confirmed talks with KKR that would leave Perpetual solely with asset management.
- Jonathan Shapiro
Regal Private Fund off to a flying start
Around 4 per cent of the fund will now be exposed to the Regal Kilter Water strategy following an Australian Taxation Office tax ruling.
- Sarah Thompson, Kanika Sood and Emma Rapaport
SME lender Capify swaps out Goldman Sachs as funder
Goldman Sachs Private Capital had previously funded Capify with a $135 million facility established in 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- Sarah Thompson, Kanika Sood and Emma Rapaport
SA’s Benson Radiology orders adviser beauty parade
Sources said Benson is making about $30 million EBITDA a year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
US private equity studies up on local edtechs; Potentia’s EHG for sale
Potentia took pitches from a handful of banks including Jarden, but decided MacCap was better equipped to put the edtech on US bidders’ radar.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How under the radar I-MED is fighting fit after 20-year PE job
Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.
- Anthony Macdonald
Tasmea helps break IPO drought after spurning private equity
Stephen Young says he held out for the thawing of the IPO market rather than commit a “breach of faith” by selling to private equity buyers.
- Simon Evans
- Exclusive
- Superannuation
Future Fund’s Alicia Gregory moves to $257b US asset manager
The deputy chief investment officer will join Blue Owl Capital, the US investor courting Australia’s superannuation market for over a year now.
- Aaron Weinman
UBS financial sponsors co-head jumps to Greenstone
Street Talk understands Leo Feros has left the Swiss investment bank for boutique mid-market corporate advisor Greenstone Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Private equity-backed Australian Venue Co steps up pub chase
The $10b Endeavour Group put the brakes on acquisitions, but its smaller rival says it could buy 20 pubs this year “quite comfortably”.
- Simon Evans
It turns out APM wasn’t so ‘disappointed’ in MDP’s bid after all
It has been a difficult period for the employment and NDIS services group, and brokers expect things to remain that way. But not enough to scare some off.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Alium Capital preps first new fund in seven years
The Sydney investor is targeting wealth groups and superannuation funds for its new private and public equity fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The solution to the bank lending pull-back may be in the mirror
Simple bank loans are becoming like luxury goods as regulators step in. The $1 trillion private capital giant Apollo thinks you can be part of the solution.
- James Thomson