Today
- Analysis
- BHP Group
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
Yesterday
- Opinion
- Chanticleer
The chart that gives Goldman confidence M&A is on the up
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
- Updated
- Anthony Macdonald
- Exclusive
- Private equity
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
- Exclusive
- Aviation
Bonza’s backers plotted to ‘get the planes out’ and ‘wind this up’
Leaked documents show the writing was on the wall for the budget carrier weeks before it collapsed, and suggest co-ordination between its financiers and owners.
- Updated
- Ayesha de Kretser
- Opinion
- Chanticleer
The four key themes dominating Macquarie’s talkfest
Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.
- Updated
- Anthony Macdonald
Macquarie Technology founders cash out; E&P Capital on trade
Stockbroker Evans and Partners crossed two lines of stock in the ASX-listed data centre operator after-market on Monday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
42-year-old Sydney tech company saved with $150m price drop
Casa Systems bought NetComm for $161 million in 2019. Five years later another US company is buying it out of administration for just $US7 million.
- Nick Bonyhady
Sierra Rutile major shareholder presses the flesh as bid extension lands
Sources told Street Talk that Sierra Rutile had met with its new largest shareholder Gemcorp on Friday to ascertain its intentions.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
BHP gets green light for improved Anglo bid
Two prominent Australian investors say they support BHP making an improved bid for Anglo American so long as discipline is not completely abandoned.
- Peter Ker
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
AusVintage turmoil may strengthen Accolade’s hand: Allan Gray
The boss of Allan Gray, with a 17pc stake in Australian Vintage, is concerned larger player Accolade Wines may seize on management upheaval to drive a harder bargain.
- Simon Evans
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
- 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 it misses this, sharks will move in. They’re already circling.
- Updated
- 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
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