Today
- Exclusive
- Mergers & acquisitions
Government-backed green tech firm goes broke, gets acquired for $5m
Scipher Technologies, an e-waste processor that the government invested $15 million in, has been bought for $5 million after it entered administration in March.
- Paul Smith
Yesterday
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
This Month
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Trash talk: Macquarie-owned Bingo cops S&P downgrade
S&P expects Bingo’s debt to EBITDA ratio will remain above nine-times for this financial year and above seven-times in FY25.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
‘Stick to your guns’: inside the fall of a Young Rich List waste king
An afternoon coffee and a desperate string of WhatsApp messages helped seal the fate of Daniel Tartak and deliver a $30 million fine to waste giant Bingo.
- Jemima Whyte and Max Mason
January
Five ways to get Australia’s waste problem under control
We produce masses of rubbish but fare poorly in waste recycling and recovery compared to other countries. An abundance of land and a lack of policy has made us lazy.
- Ben Potter
December 2023
Forrest family leads Rich List plunge on packaging disrupter
Andrew and Nicola Forrest have led a star-studded fundraising for the start-up that hopes to replace polystyrene with a more sustainable insulation material.
- Peter Ker
November 2023
Citi, Skye advise Palisade on winning bid for Downer’s Repurpose It
The sale price is understood to have valued it at less than seven-times EBITDA. It’s at the lower end of the multiples that waste management companies have traditionally fetched.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
Why Macquarie was forced to dump increased $1.3b bid for waste company
The target, Renewi, appears to have put the financial services giant back in its box. But it left the door open for a higher offer.
- Hans van Leeuwen
How these Aussie cafes are keeping laptops out of landfill
Repair cafés are part of a growing culture of re-use, recycle and repair around Australia as garbage levels soar and recycling systems break down.
- Tom McIlroy
Trash to treasure: Waste management biz JR Richards lures PE bigwigs
The final round could see Clark Perkins’ Mercury Capital go toe-to-toe with Swedish PE giant EQT Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie girds for $1.2b takeover battle with European waste company
The target, Renewi, has knocked back the unsolicited bid, as limelight-shy Macquarie makes an atypical attempt to take a listed company private.
- Hans van Leeuwen
September 2023
Power station owner prosecuted over dead fish
Environmental activists are using the incident to put pressure on Sev.en and Delta over last month’s decision to extend the life of Vales Point by four years to 2033.
- Ben Potter
August 2023
Are these ‘forever chemicals’ slowly killing you?
They’re in everything from non-stick cookware to yoga pants – and in the bodies of almost every human alive. They may be doing people great harm.
- Kim Tingley
Why this Rich Lister wants to recycle your pizza boxes
Visy boss Anthony Pratt has unveiled upgrades to his Melbourne plants that he says will keep 400 Olympic swimming pools of paper and cardboard out of landfill.
- Gus McCubbing
NSW’s top regional waste management biz JRR hangs out for sale sign
Street Talk can reveal JRR has mandated corporate advisory boutique VCA Partners to run the buyer search.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July 2023
Kiwi waste management biz Smart Environmental mulls future, taps UBS
The waste management business is trying different dealmaking structures for a fit as Downer’s sale of Repurpose It reignites M&A activity in the sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Race against time: how Paris is trying to clean up the Seine
The hosts of the 2024 Summer Olympics pledged to make the river safe enough for swimming events. It’s proving harder than expected.
- Catherine Porter
June 2023
Why this CEO created the ‘Airtasker’ of composting
Compost Connect aims to change behaviours around food packaging and waste, and influence governments.
- Christopher Niesche
Adamantem gets in on the green packaging party, holds talks with PAC
The Sydney private-equity shop is set to swoop on the wholesale food packaging supplier.
- Sarah Thompson, Kanika Sood and Emma Rapaport
