Today
QIC bets on Aussie climate tech companies, backs $200m VC
Queensland’s sovereign fund has joined Westpac and Clean Energy Finance Corporation in backing Virescent Venture’s second climate technology fund.
Yesterday
Distressed debt fund wrangles with Deloitte to win $480m Keystone fund
Sources said Deloitte has failed to be wooed by Arbitrium’s bid so far, and is veering towards a liquidation which could be a lengthy and expensive process.
EQT targets $22.4bn for private capital Asia fund, launches roadshow
The firm has put a $22.4 billion ($US14.5 billion) hard cap on its BPEA Private Equity Fund IX fund raise.
Former UBS real estate operative pops up at rival bank
Street Talk understands the investment bank has drafted in ex-UBS veteran and head of real estate sales and execution Tim Leahy.
Craving copper? $502m miner Marimaca preps ASX listing
Sources said CEO Hayden Locke has been encouraged by TSX-listed $C7.5 billion Capstone Copper’s ASX listing earlier this year and sees it as a template for Marimaca.
- Exclusive
- Commercial real estate
Commonwealth Bank takes control of Jon Adgemis’ yacht
The boat was built in 1974 in Italy and was advertised for sale in 2010 with a price tag of $2.85 million.
New hires love Jefferies’ cash bonuses. Just don’t try to leave
Unlike other investment banks, the fast-growing New York firm offers upfront payment instead of deferred stock. It seems to be working, as headcount grows.
This Month
VC-backed video start-up 90 Seconds fields interest, hires advisers
90 Seconds’ owners have hired Singapore-based boutique investment bank Sansa Advisors to field inbound inquiries and oversee the diligence process.
London’s Pantheon eyes Australians with new fund
If it can retain its track record of 16 per cent annual returns, the Pantheon fund would beat PE funds launched by KKR, Apollo and HarbourVest in Australia.
IFM Investors’ stake in Atlas Arteria creeps up to 30pc
The infrastructure investor paid $4.96 per share – or a skinny 2.3 per cent premium to the on-market trading price – in a block trade handled by Jarden’s equities desk.
Bus group Kinetic’s PE owners pull brakes on 100pc sale
Despite icing plans for a 100 per cent sale, sources say Kinetic is progressing talks with a handful of interested parties.
Book covered for Cuscal $479m IPO
Street Talk understands the book for the payments infrastructure business was covered at a fixed price of $2.50 a share on Friday morning.
Payments tearaway Findi carves out $75m unit from Indian giant Tata
Findi is set to acquire Tata Communications Payment Solutions, which will bring 4600 operational ATMs into its network and swell full-year revenue by a third.
Magellan’s core series on the chopping block
A series of termination notices spell the end for three Cboe listed funds in Magellan’s Core Series.
Anacacia Capital goes shopping with homewares wholesaler Florabelle
Street Talk understands the $800 million private equity firm has invested in 42-year-old operation Florabelle alongside its founders.
Di Pilla’s data centre REIT in $362m fee grab
If DigiCo gets off the ground – which it looks like it will – HMC Capital can expect at least $85 million in extra revenue in the first year. And 12 brokers will take home $107 million.
Former Macquarie head of fixed income pops up at boutique debt adviser
Macquarie veteran Alan Cameron notched up a 16-year career at the bank before retiring in 2023.
Bells closes retail book early for DigiCo IPO; Morgans hits $500m
Every indication is the deal would rapidly get to $1 billion from the retail channel, which puts it on track to take the crown of 2024’s biggest IPO from Mexican-themed restaurant chain Guzman Y Gomez.
Lendlease chairman-elect in investor charm offensive ahead of AGM
Sources said proxies received so far indicate both directors are well supported by investors, as is the revamped remuneration report.
Frozen Perth fund made a big bet on a German cannabis stock
Accounts for the $70-odd million vehicle show more than a third of its FUM is held in a single unlisted medicinal company.
