Yesterday
Global beef players line up for Australian Meat Group
Street Talk understands Brazilian giants Minerva Foods and Marfrig, and China linked Silver Fern Farms and New Hope are getting their ducks in a row.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- The AFR View
Big super leans into private capital
It makes sense for regulators to peek under the hood on non-bank lending while seeking to remove obstacles to the free and efficient allocation of risk capital.
- The AFR View
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
- Kylar Loussikian and Jonathan Shapiro
- Updated
- Investment banking
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
Repco outshines takeover target Bapcor in weaker auto market
The chief executive of US giant Genuine Parts says the Repco business in Australasia is growing faster than the overall market, including against rival Bapcor.
- Simon Evans
Au revoir! Vinci out at Queensland Airports auction as bids land
It’s the second time that Vinci, an investor in London’s Gatwick, Osaka’s Itami, Santiago and Lisbon, has missed out on adding an Aussie airport to its portfolio.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Crescent Capital’s 1¢ Pacific Smiles bid increase leads to chagrin
The skinny increase, which Crescent declared was their best and highest, sees the scheme consideration increase by 0.5 per cent to $1.91.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Commercial real estate
The new risk lurking in banks’ commercial real estate lending
While working from home is a known risk for office towers, Citi highlights a new pressure point for lenders – the growing cost of the energy transition.
- James Eyers
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
- Exclusive
- Investment banking
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
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Crescent tries to pull off the near impossible at Pacific Smiles
But the private equity firm has another ace up its sleeve. Influential proxy adviser Institutional Shareholder Services has thrown its support behind the bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This investor is slimming down its stake in Blackstone-backed Xpansiv
The carbon trading platform counts some heavyweight backers including the private equity giant and Macquarie. But Perennial is selling down its investment.
- 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
Panthera Finance administration prompted by founder stoush: PwC
The Brookfield-backed company collapsed into administration after the twin brothers who founded the debt collection business fell out with one another.
- Kylar Loussikian
QIC coy on Thames Water stake as utility drowns in debt
The state-backed asset manager has not marked down its valuation of the embattled London investment, despite its largest shareholder writing it off entirely.
- Updated
- Aaron Weinman
PE-owned Netlogix hunts capital partner; calls in MacCap
The Pencarrow Bridge Fund owns 51.6 per cent of Netlogix Group Holdings Limited, according to the New Zealand Companies Register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Done deal: London buyout firm Livingbridge acquires Colinton’s Dimeo
Under the deal, Colinton will retain a stake, while Livingbridge will join the register alongside founders Charles Bates and Peter Easter.
- Sarah Thompson, Kanika Sood and Emma Rapaport
