This Month
Eyes on Macquarie as opportunistic credit funds circle Bingo
Street Talk understands the debt is again changing hands among a handful of special situation specialists, including debt trading house SC Lowy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Trash talk: Macquarie-owned Bingo cops S&P downgrade
S&P expects Bingo’s debt to EBITDA ratio will remain above nine-times for this financial year and above seven-times in FY25.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
‘Stick to your guns’: inside the fall of a Young Rich List waste king
An afternoon coffee and a desperate string of WhatsApp messages helped seal the fate of Daniel Tartak and deliver a $30 million fine to waste giant Bingo.
- Jemima Whyte and Max Mason
- Updated
- Courts
Former Bingo boss gets 400 hours of community service for price-fixing
Daniel Tartak and the company, now owned by Macquarie’s asset management division, had already pleaded guilty to fixing the price of waste services in Sydney.
- Updated
- Jemima Whyte
January
- Exclusive
- Luxury property
Energy guru takes keys to ex-Star CEO’s record-setting Sydney home
Energy expert Olivia Kember has emerged as the record-setting $13.5 million buyer of former Star Casino boss Matt Bekier’s converted warehouse in Sydney’s inner west.
- Bonnie Campbell
August 2023
The young execs making WFH work for them
A cultural review across the big professional services firm is part of a wider trend giving young workers permission to speak up without damaging their promotion opportunities.
- Tess Bennett
May 2023
Former Bingo chief executive deleted price fixing texts, court told
Daniel Tartak was allegedly trying to cover up cartel conduct and an agreement to set prices struck with Aussie Skips and its then boss, Emmanuel Roussakis.
- Max Mason
March 2023
Bingo chief Tartak was ‘under a lot of pressure to succeed’
Lawyers for former Bingo CEO Daniel Tartak, who has pleaded guilty to price fixing in 2019, argued at a sentencing hearing Mr Tartak has been ‘humbled’.
- Jemima Whyte
February 2023
Aussie Skips and its CEO plead guilty on cartel charges
Bingo Industries and ex-CEO Daniel Tartak pleaded guilty last year to cartel charges over the same issue in demolition waste in mid-2019.
- Simon Evans
Bingo rebounds after a horror first year under Macquarie
The waste company says the group and its customers have “moved on” from the price fixing issue, with new governance in place.
- Simon Evans
December 2022
The secret deal that undid Bingo and Daniel Tartak
A price-fixing deal in demolition waste with smaller rival Aussie Skips cast a stain on Bingo, which was bought by ASX giant Macquarie in 2021.
- Simon Evans and Jemima Whyte
Bingo’s alleged price fixing partner Aussie Skips charged
Bingo, now owned by Macquarie, pleaded guilty to price fixing in demolition waste in mid-2019 and Aussie Skips has now been charged.
- Simon Evans and Jemima Whyte
October 2022
Former Bingo CEO pleads guilty after skip bin cartel probe
Daniel Tartak will be sentenced in the Federal Court in March after pleading guilty to criminal cartel offences in providing skip bins.
- Simon Evans
August 2022
Bingo Industries pleads guilty to price fixing
The cartel behaviour of the waste management group, which was bought by a Macquarie entity for $2.3 billion last year, is alleged to have occurred in 2019.
- Simon Evans
January 2022
How this Peloton-loving executive combines exercise with wine
Tara Osborne, a BOSS Young Executive and general manager of strategy and innovation at waste management company Bingo Industries, survived lockdown by finding balance and ‘whatever gets you through the day’.
- Sally Patten
December 2021
Big super, ESG to drive M&A boom in 2022
Expect even more deals under the Christmas tree this year, with M&A tipped to stay hot in 2022
- Ayesha de Kretser
September 2021
Cleanaway buyout deal faces more ACCC scrutiny
The competition regulator has delayed a final decision on the $501 million purchase of a large chunk of Suez’s Sydney assets.
- Simon Evans
August 2021
Cleanaway takes $4m-a-month hit from lockdown
Australia’s biggest rubbish collection company says things went downhill fast in the Sydney market from the start of July.
- Simon Evans
July 2021
Rejections boom: boards spurn suitors, ready to go it alone
Australia’s M&A bids boom has sparked another boom: the rejections boom.
- Anthony Macdonald and Yolanda Redrup
