Today
Nature’s Care sale docs in front of potential buyers; NBIOs due Sept 6
Although the company returned a $23.7 million operating profit in 2023, it has struggled under a heavy debt load and missed a $148 million debt payment last month.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Fletcher Building sells Tradelink to one of America’s richest families
Blackfriars is controlled by the secretive Colburn family, and was self-advised.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Orora taps UBS as private capital lurks after $2.2b Saverglass buy
Should Orora’s share price pain attract a bidder, it would end the former Amcor unit’s 11-year stay on the ASX boards.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Houlihan Lokey tapped for Nature’s Care sale
Street Talk can reveal receivers BDO Australia called in Houlihan Lokey to kick off a sale process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Water quality monitoring start-up Eco Detection lands UK-listed backer
Street Talk can reveal Eco Detection has added London-listed mining services player Capital Limited to its list of backers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
How China upends a country’s entire car market
The overseas push is the next phase in Beijing’s long-term strategy to focus on new energy vehicles and upend the balance of power in the automobile industry.
- Daisuke Wakabayashi and Claire Fu
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
- Max Mason
Spilt milk everywhere as Incitec pivots, again
We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.
- Anthony Macdonald
- Opinion
- Chanticleer
How a global giant plans to get bang for its buck at CSR
One of the ASX’s oldest companies, CSR, went out with a bang; now the games start over. This is how Saint-Gobain plans to make it in Australia.
- Anthony Macdonald
Ferrari’s first electric car may cost more than $800,000
By the end of the decade as much as 80 per cent of the car maker’s new vehicles could run on batteries. The first is scheduled for 2025.
- Bernhard Warner
Bain refused to sign Bapcor’s NDA/standstill in return for engagement
If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Manufacturing Winner
- Sustainability Leaders
How Amcor gave us guilt-free cream cheese
Soft plastics are piling up in warehouses around Australia. Amcor says it has a solution, taking out the Manufacturing category.
- Sylvia Ramsey
- Special Award
- Sustainability Leaders
Showing the way: Major brands embrace new recycling symbols
Making it easier for households to recycle packaging for food and consumer goods has won Australasian Recycling Labels a special award for Education Enabler.
- Alexandra Cain
- Analysis
- Sustainability Leaders
How Sustainability Leaders entrants were assessed
Submissions came from ASX20 companies and multinationals, early-stage ventures and public institutions, and were scored against four measurements.
- Rebecca Russell
Project Open: Barrenjoey seeks $182m for Orora activist push
Street Talk understands the home-grown investment bank tried to pull together a syndicate of investors in April to nab a 10 per cent stake and agitate for change.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Field of credible buyers small, says Austal’s departing chairman
Former US navy secretary Richard Spencer will become Austal’s chairman, succeeding John Rothwell, amid a stand-off with suitor Hanwha.
- Brad Thompson
