Today
- Opinion
- Chanticleer
Blood in the water: Star needs a CEO to stop sharks tearing it apart
Star’s board, beaten and bruised, has a short window to try to keep the entity together. If they miss it, sharks will move in. They’re already circling.
- 1 hr ago
- Anthony Macdonald
CDPQ, IFM, AusSuper eye $1.6b Neoen stake, but GPG debacle looms large
The French renewables group is working with Bank of America to sell a 30 per cent stake in its large local portfolio of assets to accelerate expansion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CommBank to refi PE-backed logistics giant; Daimler, IFM tip into debt
The new loan comes four years after Allegro Funds, led by deal maker Adrian Loader, paid less than $10 million to acquire Team Global Express.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Blackstone-backed Xpansiv considers new cash call
Early soundings are said to be pegged at a 30 per cent discount to the last valuation. The identity of the seller has not been disclosed.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP hits the hustings to fight ‘value dilutive’ deal claims
BHP executives and bankers will campaign in South Africa and Australia this week to win support for an Anglo American takeover that was panned by one analyst.
- Peter Ker
Advent Partners buys stake in emergency care specialist
Private Emergency Health Australia has a network of about 200 doctors and runs emergency medical services departments at seven locations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eureka shareholders set to reject Aspen’s revised scrip bid
The shareholder rejection – and the fact that it is still outside the IE range – should pave the way for the target board to knock back the new proposal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Deutsche Bank veteran exits after spearheading a five-year restructure
Hugh Macdonald has led the European bank’s investment banking arm since 2020.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Jon Adgemis’ PHG shelves auction for Annandale’s Empire Hotel
Sources said price expectations of circa $39 million were out of whack with reality, given the asset has north of $30 million in debt.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex-Macquarie banker who banked on premium gin hits payday
George Georgiadis left finance to build a gin business with two mates eight years ago. They’ve hit payday with a buyout by Asahi.
- Simon Evans
PE giant EQT pays $250m for Potentia’s NewBook; 6.5 times money
Potentia has been weighing its future at the company, hiring RBC Capital Markets’ technology bankers to vet potential suitors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Down markets draw out the year’s biggest share trades
Big block trades are flying this week, which only ramps up the chase for the next big trade.
- Updated
- Anthony Macdonald
- Opinion
- Chanticleer
Deal makers deeply sceptical about Chalmers’ FIRB reboot
While a clearer approval path for foreign buyers who are “frequent flyers” has been welcomed, bankers and lawyers worry the devil is in the detail.
- Updated
- James Thomson
- Analysis
- Analysis
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
Morgans’ head of Brisbane corporate advisory exits
Wednesday will be John Polinelli’s last day at Morgans, according to an internal staff memo seen by this column.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NexGen Energy $200m raise upsized after strong demand
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why everyone kept their job in this merger
When Mercer and BT merged their superannuation funds, 99.6 per cent of staff remained with the business.
- Ayesha de Kretser
‘The future is the future’: Anglo American won’t rule out a merger
Chairman Stuart Chambers told the miner’s AGM that his job in coming weeks was to see if major shareholders backed the board’s rejection of BHP’s $60 billion bid.
- Hans van Leeuwen
April
- Opinion
- Chanticleer
How Chemist Warehouse can get its deal past the ACCC
Divestments may be needed to get the Chemist Warehouse/Sigma deal over the line, but they don’t look too strenuous.
- Updated
- Anthony Macdonald
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport