Today
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
Blackstone wants bigger Australia bet as brighter economy beckons
Jon Gray says the US private capital giant will look to increase its exposure to Australia ahead of what he expects will be an economic upswing.
- James Thomson
Yesterday
- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
- Updated
- Anthony Macdonald
- Opinion
- Chanticleer
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
- James Thomson
- Updated
- Investment banking
Perpetual’s $2.2b KKR deal faces bleak reception
Shares in Perpetual slid almost 6.5 per cent on Wednesday after the $2.2 billion deal was met with scepticism from shareholders and analysts.
- Updated
- Aaron Weinman and Anthony Macdonald
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
- James Eyers
Perpetual board faces fiery analyst call as $2.2b KKR deal lands
Oh, to be a fly on the wall at the offices of Washington H. Soul Pattinson!
- Sarah Thompson, Kanika Sood and Emma Rapaport
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
- Ayesha de Kretser
This Month
- Exclusive
- Mergers & acquisitions
Perpetual to be broken up, name sold to KKR in $1.5b deal
The transaction will give the private equity giant the rights to the 138-year-old brand and leave the ASX-listed group as a pure-play funds management business.
- Anthony Macdonald and Aaron Weinman
Perpetual boss looks for exit, KKR takes control in $2.175b deal
The $2.175 billion deal is due to be announced on Wednesday, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New deal! Five V Capital are creatures of Habit
Allied health providers have proved popular – and profitable – for a number of investors, including Quadrant Private Equity, Next Capital and Adamantem Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Quadrant dips into Fortitude’s $300m-plus commercial food biz
The $8 billion private equity firm has snagged two board seats in the deal led by managing partner Chris Coates.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Financy in cash call for workplace equality SaaS platform
Its clients, according to the flyer, include Bega, Netwealth, NGS Super, SG Hiscock & Company and NSW Land Registry Services.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sydney AI customer bot start-up raises from Peak XV
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
Europe’s No.1 renewable energy producer shops 1.7GW Aussie pipeline
The portfolio was previously owned by Span’s Elecnor Group, which Statkraft acquired at a €1.8 billion enterprise valuation in November.
- Sarah Thompson, Kanika Sood and Emma Rapaport
777 Partners accused of fraud, double-pledging assets in lawsuit
777 owns or has stakes in several football teams around the world and has a sprawling collection of businesses, including Bonza which is in voluntary administration.
- Jill R. Shah and David Hellier
Ellerston-backed video platform draws in big-name investor
The investment from Melbourne emerging companies specialist Acorn Capital takes the total funds raised by Genero to $15 million.
- 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
Bapcor shapes as takeover target after share price rout
Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.
- Simon Evans
Blackstone taps vast source of cash in $1.5trn credit push
Blackstone has been eagerly driving the expansion of the booming multi-trillion dollar private-debt markets. And it’s paying off.
- Dawn Lim and Silas Brown
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