Yesterday
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
- Aaron Weinman
This Month
- Opinion
- Chanticleer
Takeovers risk turning into money grabs for directors
Special exertion payments are legal, but we would argue they don’t befit a blue-chip company. Fund managers and governance experts also have concerns.
- Anthony Macdonald
Bin way too long! Affinity Equity hires bank for Waste Services sale
You’d be forgiven for thinking Affinity has a leg-up in the UBS-run auction, given its ANZ boss’s history with the asset.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bosses fear CFMEU; ASX pump-and-dump crew hit; Top 10 banker deals
Read everything that’s happened in the news so far today.
The top 10 deals where bankers won big fees in the past year
The country’s largest investment banks shared in an estimated $600 million payday – from capital raisings to IPOs in everything from NextDC to the ailing Star.
- Aaron Weinman
- Exclusive
- Private equity
PEP broadens investor access for fund that returned more than 15pc
The private equity firm is opening its Gateway vehicle, which has raised north of $500 million, to New Zealand’s wealthiest families.
- Aaron Weinman
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
- Sarah Thompson, Kanika Sood and Emma Rapaport
It’s a banker bonanza as Permira eyes its $4b I-MED payday
The firm’s dealmakers have tapped Jefferies to join their sell-side advisory lineup, alongside Morgan Stanley – which has kept close to the company for years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
M&A forecast? It’s about to rain private capital deals
Private capital hunters – domestic superannuation funds, offshore pension funds and asset managers such as KKR and Brookfield – have their chequebooks out and are trying to get their hands on $50 billion of Australian targets.
- Anthony Macdonald
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Grow Inc raise upsized after strong demand; IPO on the horizon
A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EQT-backed Five Good Friends hits auction block; stake up for grabs
A handful of Five Good Friends’ minority shareholders, including QIC and stockbroker Morgans, have hired Record Point to shop a 45 per cent stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bankers seeking their next big pay day are chasing these clients
Investment banks are now after riskier, smaller companies so they can pounce on the spoils of a trophy listing or a huge sale to private equity.
- Aaron Weinman
Resurgent Zip raises cash and pays big break fee to eliminate its debt
Zip has indicated it will push the accelerator on growth in the United States despite regulators investigating whether it has violated consumer protection laws.
- James Eyers
Azure, Natixis shop Brookfield-owned X-Elio’s Blue Grass solar project
Street Talk understands the Spanish renewable developer, a 100 per cent Brookfield-owned company, is seeking to part with its interest in the 200 megawatt-peak solar farm and battery project.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Argonaut Securities targets ECM growth with new hire
Street Talk understands the boutique stockbroker has tapped Foster Stockbroking head of corporate finance Rob Telford to grow its Perth presence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bankers target M&A financing as ASX hits record
Investment banks are hopeful a buoyant sharemarket will encourage ASX-listed companies to tap equity capital markets for growth.
- Aaron Weinman
Inside AirTrunk’s pitch to the world’s heaviest hitting investors
Also around the boardroom table: the same Blackstone team who ruled off a $US10 billion ($14.8 billion) takeover of QTS in 2021
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
CBA at $132? No one says ‘buy’, yet there are buyers
Commonwealth Bank is a tussle between active and passive investors, mums and dads and fund managers, and traditional valuation frameworks versus reality.
- Updated
- Anthony Macdonald
Adamantem Capital brings in investment bankers for Hellers sale
The private equity firm is sitting on a handful of ageing assets from its first fund that have been earmarked for a sales process.
- Aaron Weinman
