Yesterday
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
Anglo American puts plan B into action after rejecting BHP’s bid
Anglo American boss Duncan Wanblad is understood to be warming up to present a strategy update to the mining group’s shareholders.
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.
Suitors scurry for Evergreen Consulting controlling stake
Street Talk understands the founder and company director Angela Ashton has been approached by several parties trying to coax away her large position in the privately-held company.
IFM’s stake in Atlas Arteria creeps up to 26pc; Jarden on trade
The infrastructure investor paid $5.62 a share in a pre-market block trade on Tuesday morning.
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.
This Month
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.
Macquarie dominated on-market block trades in April; Goldies dips
The investment bank’s transition desk was run off its feet, handling a mammoth growth equities transition valued somewhere between $1 billion and $2 billion.
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.
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
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.
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.
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
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.
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.
Pantoro seeks to shore up balance sheet, hires two brokers
The term sheet talked up Pantoro’s “significant” growth potential.
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
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.
