Today
Viburnum Funds sets sights on Coventry Group breakup
Fluids spoke for about 43 per cent of the group’s total $371.3 million revenue in the 2024 financial year.
- 27 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
EVs sales splutter, but not this group’s offshore expansion strategy
CAR Group’s big move in the US came at a time of rising rates and softening consumer demand. It still worked.
- 49 mins ago
- Anthony Macdonald
First Sentier talent lands at Ellerston Capital
Street Talk understands Ashok Jacob’s firm has added First Sentier portfolio manager Jack Briggs to its ranks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
- Primrose Riordan, Aaron Weinman and Jonathan Shapiro
Tim Bishop’s Wollemi Capital hires former NSW treasurer Matt Kean
The former state Liberal deputy leader and energy minister was appointed chairman of the federal government’s Climate Change Authority less than two months ago.
- Kylar Loussikian
Yesterday
Magellan fund redemptions put shareholders on edge
Anxious shareholders were rattled by the $800 million in funds under management that walked out the door from the Magellan Global Fund in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Former Macquarie equities boss Dan Ritchie jumps to the buy side
The former trader has taken the reins at Factory Capital, an investment firm, which has inked deals with dentists and tattoo removalists, among other companies.
- Aaron Weinman
- Opinion
- Chanticleer
Software darling shuns suitors to try its own private equity job
It is a big call to go it alone. Many would buckle when PE approaches because the turnaround is too hard – or they don’t want to pass up a quick buck.
- Anthony Macdonald
This Month
QBE punished as price rises peak
UBS analyst Scott Russell says there is a “clear slowdown” in QBE’s pricing power.
- Lucas Baird
- Exclusive
- Private equity
Wingate Group on the sales block as investors circle private credit
The Melbourne-based investment manager is in discussions with a Singaporean suitor about a potential investment or takeover that could be sealed this month.
- Aaron Weinman
Familiar with the consumer data right? Here’s why you should be
The philosophical basis for the right is that data generated by consumers of commercial services is their property and not that of the company.
- James Eyers
- Exclusive
- Open banking
‘Badly executed’: Labor unveils plans to simplify consumer data right
A raft of enhancements to the open banking and energy sector data-sharing regime will be unveiled on Friday to boost adoption.
- James Eyers
AMP cuts financial advice deal, stemming losses
The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.
- Hannah Wootton
Corrs sizes up Herbert Smith Freehills PE partner
Street Talk understands the Corrs board has approved the hire of Freehill’s top private equity partner, Kam Jamshidi.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘A scandal of epic proportions’: why heads could roll at ANZ
This week on The Fin podcast, Jonathan Shapiro on ANZ’s bond trading scandal, whether the bank lied about its market activity to get on the deal and who should be accountable.
Crowded field down to one as Booktopia emerges with new owner
DigiDirect, a privately held electronics retailer, has all but won a McGrathNicol-led sale process, which kicked off when the bookstore collapsed in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Dodgy kickbacks, faked tax returns found in RAMS, Westpac alleges
Westpac said it would effectively shut down the 33-year-old RAMS brand this week amid an ASIC probe into the business.
- Lucas Baird
SkyBus operator hits the market as Macquarie completes global roadshow
But after months of meetings, the investment bank’s deal makers face an uphill effort to sell Kinetic Group at the valuation that they are hoping for.
- Aaron Weinman
- Opinion
- Chanticleer
Why Jabiluka going to court may not be the last twist
When the answer is suing the government, you know there are problems. The almost-broke ERA has many.
- Anthony Macdonald
- Opinion
- Chanticleer
Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.
- Anthony Macdonald
