Today
Louis Dreyfus confirms higher bid at Namoi Cotton
The French commodities giant has confirmed it intends to make a 60¢-a-share bid for Namoi Cotton, after Street Talk reported it had beefed up it advisory lineup.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Zip Co’s turnaround story lands the BNPL on takeover watchlists
No doubt CBA’s internal M&A team adheres by its mandate of looking at all options to maximise shareholder value.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
SA’s Benson Radiology orders adviser beauty parade
Sources said Benson is making about $30 million EBITDA a year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo to run investor gauntlet after rejecting BHP’s $60b bid
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
- Joshua Peach and Liam Walsh
US private equity studies up on local edtechs; Potentia’s EHG for sale
Potentia took pitches from a handful of banks including Jarden, but decided MacCap was better equipped to put the edtech on US bidders’ radar.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How under the radar I-MED is fighting fit after 20-year PE job
Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.
- Anthony Macdonald
This Month
- Opinion
- Chanticleer
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
- James Thomson
Aussie Broadband to call Barrenjoey, Luminis in Superloop court battle
Investment bankers and Superloop directors and executives will be subpoenaed as witnesses in a Federal Court trial as Aussie Broadband continues to fight its rival over a forced share sale.
- Jenny Wiggins
Anglo’s stumbles made it quarry for mining’s biggest predator
Anglo American once held pride of place on the sharemarket. Now its reputation is in tatters, and BHP is ready to pounce.
- Thomas Biesheuvel
Barrenjoey pumps bidders for UniSuper’s stake in Aquasure
The desalination plant has predictable cash flows, thanks to its right to collect indexed revenues even if the government doesn’t order any water, a sales flyer says.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson
Chalice’s shopping spree turns spotlight on WA microcap Encounter
Usually, a strategic building up a stake is a precursor to a bid, but rest assured there isn’t one coming at Encounter Resources when the ASX switches back.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nick Scali to launch equity raising for UK foray; Macquarie on ticket
Nick Scali will pay £2 ($3.82) for Fabb Furniture, funded by a $46 million underwritten institutional placement.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie-backed renewables developer shops NSW solar farm
Up for grabs is a 143-megawatt peak ready-to-build solar and energy storage project in the Riverina region.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS financial sponsors co-head jumps to Greenstone
Street Talk understands Leo Feros has left the Swiss investment bank for boutique mid-market corporate advisor Greenstone Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CSIRO-backed Trellis Data shops con notes; seeks $100m value cap
The convertible notes would pay 10 per cent a year, accruing daily and capitalised, with 24-month maturity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Seven Group says talk of Cleanaway buyout ‘completely untrue’
Shares in Australia’s largest waste collection company surged 15.8 per cent, to a two-year-high, after reports that the conglomerate was contemplating a bid.
- Simon Evans
