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Anthony Macdonald

Columnist

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at [email protected]

Anthony Macdonald

Yesterday

The banks’ big profits make them an easy target. But we’re not sure this one will stick.

This card surcharge crackdown won’t solve cost of living crisis

It would be great for shoppers if the RBA and the competition watchdog found widespread rorting of payment surcharges. But don’t hold your breath.

Macquarie’s Ani Satchcroft and her team sold AirTrunk in August and signed a $5.25 billion deal to add TPG’s fibre into Vocus Group over the weekend.

Macquarie’s private equity job at Vocus hits $5.25b peak

Macquarie is again pushing the boundaries of what it means to be an infrastructure investor in Australia.

Crown Melbourne has struggled financially since it introduced compulsory carded play last year.

Blackstone quietly injects almost $500m into ailing Crown Resorts

The financing came a year after the firm acquired the casino operator for $8.9 billion. Its operations have been hurt by fines and a lack of high rollers.

This Month

Former AFL chief executive Gil McLachlan is yet to unveil his strategy for Tabcorp.

Tabcorp’s silent hands reveal how activism really works

As AGM season ramps up, the behind-the-scenes discussions happening at Tabcorp are a rare example of how shareholders shape corporate Australia.

Quadrant was the toast of Australia’s private equity sector when it bought Rockpool for its burgeoning restaurants empire.

Private credit eats at Rockpool, saddle up!

Every private equity firm has struggled with assets, but we haven’t seen many make their way into private credit’s hands. Rockpool is one to watch.

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Quadrant’s hospitality portfolio grew out of the famed Sydney steak restaurant founded by chef Neil Perry.

Quadrant Private Equity loses control of Rockpool to private credit

The major buyout firm has been forced to walk away from the hospitality empire that grew out of celebrity chef Neil Perry’s high-profile steak restaurant.

Rio Tinto chief executive Jakob Stausholm.

Cash always king in Rio Tinto deals, which only fuels activist debate

A little less conversation, a little more action is needed if the miner is to win a perennial argument.

Arcadium’s $10b takeover exposes brutal reality of listed life

A $15.7 billion merger one year, gone in a not-quite $10 billion takeover the next. Time frames are not always as long as we like to think in listed equities.

Queensland gas producers have to use APA Group’s pipeline if they want to sell gas into south-eastern markets. But not even they wanted the pipeline regulated more heavily.

Sanity prevails as gas players fight back against heavier regulation

Pipelines owner APA secured a win for big business fighting the threat of heavier regulation. It didn’t do it alone.

Accolade Wines makes commercial wine brands including Hardys, Banrock Station and St Hallett.

Bain seeks to quaff up Australia’s Accolade Wines

The local winemaking giant’s first private equity owner made a motza, the second lost it. The new brigade promises its reign will be very different.

The surprising thing about government’s big stick to big business

Big business profits are set to fall for the third straight financial year at the same time it is copping it from Canberra. That’s a conundrum.

Jakob Stausholm, chief executive of miner Rio Tinto. The company can be accused of opportunism, but there is not a lot of love in Australia’s institutional investor community for Arcadium Lithium.

Three reasons why Rio Tinto’s target is a sitting duck

Would the ASX miss Arcadium Lithium? Not now. It hasn’t been a good story for investors and that’s why we’re here.

The Ranger uranium mine in the Northern Territory, owned by ERA, stopped mining in 2012. Now it is a big and costly clean-up job.

Takeovers Panel mulls rare backflip on Rio Tinto’s uranium gambit

The Takeovers Panel will review a decision from only a fortnight ago, potentially reopening a running war between Rio Tinto and minority investors in ERA.

September

Star has slashed more than $1.9 billion from the value of its flagship Sydney operation.

The two months that almost unravelled Star’s casino empire

Steve McCann knew his new job at the struggling gaming giant would be tough. Nothing prepared him for the first two months.

Steve Donohue.

Endeavour Group CEO’s last drinks a chance to reset

Steve Donohue knows booze and retail as well as anyone, but shareholder diplomacy was a challenge. Good luck to whoever takes over.

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Michael Alscher, Crescent Capital.

Buyout maverick Crescent Capital shakes up private equity

One of Australia’s most successful private equity firms, Crescent Capital, like its founder Michael Alscher, is happiest operating below the radar.

  • Updated
Star Entertainment boss Steve McCann had very little good news for investors in his one-hour presentation on Thursday, his first as CEO.

Star needs new friends to stop the bleeding

Where will Star Entertainment’s shares trade? Surely, it’s going to be ugly on Friday morning.

Soul Patts’ Todd Barlow and Brendan O’Dean have bought and sold more than $10 billion of investments in the past three years.

Private credit still best for returns, ‘flexible’ Soul Patts says

Where to put $1 billion when you can invest anywhere? That’s Soul Patts’ job.

Star Entertainment wiped $1.6 billion from its assets including the newly launched Queen’s Wharf in Brisbane.

‘On its knees’: Star slashes $1b off its casinos, slumps to huge loss

The gaming company has released its financial accounts almost a month after its shares were suspended.

Kerr Neilson, Platinum’s co-founder, is the kingmaker with a 21.65 per cent stake.

Big dogs go to war for Platinum’s $175m honeypot

If there’s one thing we can be sure of, it is that Platinum’s M&A dance didn’t end on Thursday. Its fee-earning assets under management are too tempting.