Today
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Aviation
Bonza hopes fade as VietJet walks from deal talks
The Vietnamese low-cost carrier confirmed it was out of the running as administrators prepare to ground the airline beyond their earlier midnight deadline.
- Updated
- Ayesha de Kretser
France’s Engie powers up for partner search at Victorian solar farm
Engie has shortlisted a blue-chip lender lineup, including ANZ Group, BNP Paribas and Deutsche Bank, to stump up Goorambat’s debt financing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
KKR’s MYOB refinancing drags while bolt-on payday looms
The private equity giant is still to pin down a price and structure to its liking, leading to questions on whether it would press ahead or park the big-ticket refinancing.
- 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
ARN throws a Hail Mary to revive collapsed radio merger
Takeover target SCA gave a dim view of the revised plan, which doesn’t include private equity firm Anchorage Capital.
- Nick Bonyhady
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
Queensland Airports Limited auction revs up for take-off ... yet again
The auction’s start date has already slipped a couple of times, from the new year, to post-Easter, and now to late May. Of note, a firm timetable is yet to be set.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Opinion
- Hedge funds
Bonza’s failure is a warning for corporate Australia
The private equity-backed airline’s abrupt collapse shines a spotlight on the potential risks brewing in the massive, unregulated private credit market.
- Karen Maley
Brookfield’s Healthscope debt trap is a mess for everyone involved
The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.
- Jemima Whyte
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
Uncorked: Accolade Wines locked in negotiations with Pernod Ricard
In short, if Pernod moves into the ‘trop difficile’ basket, Australian Vintage is waiting in the wings.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
- Ayesha de Kretser
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
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
Farmers’ software start-up raises $11m with profitability promise
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
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
Green energy firm Hysata raises $172m from big name investors
Hysata says its system is one of the most efficient solutions in the world to produce hydrogen from water.
- Sarah Thompson, Kanika Sood and Emma Rapaport
