Yesterday
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Partners Group to restart Guardian sale after childcare review
The Swiss private equity firm expects deals to ramp up in the second half, and primed its early learning business to be the first off the block.
- Aaron Weinman
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Inside Project Constantine, the plan to sell Perpetual
Soul Patts’ $3 billion offer for the asset manager set the stage for whirlwind negotiations and accelerated a sale that private equity firms had eyed for years.
- Aaron Weinman
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual backer Soul Patts says board got a good price out of KKR
The investment company, which holds nearly 15 per cent of Perpetual, believes the trust and wealth businesses have been traded for more than it was ever willing to pay.
- Aaron Weinman
ASIC says JPMorgan missed dozens of suspicious commodities trades
The banking giant was fined after the corporate regulator found it failed to pick up the unusual orders which were likely intended to manipulate wheat prices.
- Aaron Weinman
- Updated
- Private equity
Perpetual’s $2.2b KKR deal faces bleak reception
Shares in Perpetual slid almost 6.5 per cent on Wednesday after the $2.2 billion deal was met with scepticism from shareholders and analysts.
- Updated
- Aaron Weinman and Anthony Macdonald
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.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual board faces fiery analyst call as $2.2b KKR deal lands
Oh, to be a fly on the wall at the offices of Washington H. Soul Pattinson!
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The chart that gives Goldman confidence M&A is on the up
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
- Updated
- Anthony Macdonald
New deal! Five V Capital are creatures of Habit
Allied health providers have proved popular – and profitable – for a number of investors, including Quadrant Private Equity, Next Capital and Adamantem Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie bets big on data centres in AI revolution
Shemara Wikramanayake expects the biggest tech companies to consume more data in their quest to sharpen AI platforms.
- Aaron Weinman
Macquarie Technology founders cash out; E&P Capital on trade
Stockbroker Evans and Partners crossed two lines of stock in the ASX-listed data centre operator after-market on Monday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sierra Rutile major shareholder presses the flesh as bid extension lands
Sources told Street Talk that Sierra Rutile had met with its new largest shareholder Gemcorp on Friday to ascertain its intentions.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Ken Moelis on Trump, interest rates and Ozempic
The billionaire investment banker thinks Donald Trump has his nose in front in the US presidential race, and that could have ramifications for interest rates.
- James Thomson
