Yesterday
KKR’s MYOB refinancing drags while bolt-on payday looms
The private equity giant is still to pin down a price and structure to its liking, leading to questions on whether it would press ahead or park the big-ticket refinancing.
Macquarie dominated on-market block trades in April; Goldies dips
The investment bank’s transition desk was run off its feet, handling a mammoth growth equities transition valued somewhere between $1 billion and $2 billion.
Cleaning up! Private equity shoot-out tipped for Colinton’s Dimeo
While there’s no certainty a deal will be signed, it’s a credible turn-out for Colinton Capital Partners.
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
East coast’s No.1 equipment hire biz Orange Hire set to change hands
Orange Hire’s EBITDA shot up from about $18 million at the time of Arcadia’s arrival in late 2020 to $30 million-plus.
Queensland Airports Limited auction revs up for take-off ... yet again
The auction’s start date has already slipped a couple of times, from the new year, to post-Easter, and now to late May. Of note, a firm timetable is yet to be set.
This Month
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
From Sali to Bastas – billionaires’ adviser Adam Gregory jumps ship
Gregory’s remit will be to assist with capital planning and hunting down acquisition opportunities at DBG, which also includes other businesses like VidaCorp.
Uncorked: Accolade Wines locked in negotiations with Pernod Ricard
In short, if Pernod moves into the ‘trop difficile’ basket, Australian Vintage is waiting in the wings.
Pantoro seeks to shore up balance sheet, hires two brokers
The term sheet talked up Pantoro’s “significant” growth potential.
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
Time’s not on Perpetual’s side with KKR deal, FIRB questions abound
KKR is a US entity and the investors in its funds are from all around the world, meaning FIRB will look at the upstream investors.
Eyes on NexGen; Canadian shares plunge on dilutive deal
The dual-listed stock sunk 12.33 per cent overnight on the Toronto stock exchange. All eyes are on how it trades at the ASX open.
Green energy firm Hysata raises $172m from big name investors
Hysata says its system is one of the most efficient solutions in the world to produce hydrogen from water.
Magellan has a curious connection to rolling Magnis Energy disaster
The corporate regulator launched legal proceedings against the EV hopeful last week. It wasn’t the first compliance team to take an interest – in a way.
Australian Unity, NorthWest seek to part ways; taps C&W for unit sale
Cushman & Wakefield has opened a two-stage data room and is engaging with a targeted list of investors including institutions and high-net-worths.
RACQ back on block, again, as Bank of America fires up sale
BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.
UBS hands out debt business promotions; head of real estate exits
The investment bank is beefing up its leverage and debt capital markets business, naming Brooke Johnston as head of corporate lending and structured solutions.
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