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.
- 33 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.
- 55 mins ago
- Anthony Macdonald
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
Optus falls out with its mobile towers investor AustralianSuper
The country’s largest super fund acquired a controlling stake in the telco’s infrastructure business for almost $2 billion in 2021. But relations have since soured.
- Aaron Weinman and Jenny Wiggins
Yesterday
Shareholders move against Metcash as hardware spin-out hopes fade
Street Talk understands influential shareholders harbouring concerns about Metcash’s Independent Hardware Group as Wesfarmer’s Tool Kit Depot ramps up its national expansion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
- 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
Dexus, CPPIB in advanced talks to sell Sydney’s $550m Tiffany building
The tower’s book value was about $622 million as of December 31, but this was slashed to about $550 million during Dexus’ revaluation of its portfolio in June.
- 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
- Updated
- Earnings season
Foxtel on the block as News Corp confronts reality
The publishing and broadcasting multinational says there is acquisition interest in its pay television arm after a year-long study of its assets.
- Updated
- Sam Buckingham-Jones
Former Rich Lister applauds Tritium sale despite $100m up in smoke
Former coal baron Trevor St Baker says the $45m sale of collapsed EV fast-charging station group Tritium crystallised a big loss for him, but new owner Exicom will be a good steward.
- Simon Evans
- 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
Creasy in talks to buy Macquarie’s $148m debt at bombed-out gold miner
Sources say the trade has been agreed at (or close to) par with its carrying value, meaning Macquarie would make whole on its money.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Pacific Smiles shares tumble as $327m buyout plan fails
Kingmaker Dr Alex Abrahams, a co-founder of dentistry group Pacific Smiles, voted his 9.5 per cent stake against the Crescent Capital offer, helping to kill it.
- Simon Evans
- Opinion
- Chanticleer
Qantas case a timely warning for money-spinner Transurban
The flying kangaroo’s drama is relevant for Australia’s dominant toll operator, which is returning more cash than ever to investors despite political pressure.
- Anthony Macdonald
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
Sydney’s Phocas Software courts global buyers
Phocas joins a growing list of Australian tech companies – especially those with large global businesses – which are seeking their M&A fortunes overseas.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Switzerland’s Unilabs takes a look at $4b I-MED radiology business
The company’s British private equity owners, Permira, brought in Morgan Stanley and Jefferies earlier this year to work on plans for a bumper payday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Dealmakers send out the sales pitch for the rebirth of stricken Rex
But Regional Express’ prospective buyers don’t have much time. Confidential documents put an August 30 deadline on binding buyout offers for the carrier.
- Sarah Thompson, Kanika Sood and Emma Rapaport
