Yesterday
Houlihan Lokey tapped for Nature’s Care sale
Street Talk can reveal receivers BDO Australia called in Houlihan Lokey to kick off a sale process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Water quality monitoring start-up Eco Detection lands UK-listed backer
Street Talk can reveal Eco Detection has added London-listed mining services player Capital Limited to its list of backers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
How China upends a country’s entire car market
The overseas push is the next phase in Beijing’s long-term strategy to focus on new energy vehicles and upend the balance of power in the automobile industry.
- Daisuke Wakabayashi and Claire Fu
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
- Max Mason
Spilt milk everywhere as Incitec pivots, again
We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.
- Anthony Macdonald
- Opinion
- Chanticleer
How a global giant plans to get bang for its buck at CSR
One of the ASX’s oldest companies, CSR, went out with a bang; now the games start over. This is how Saint-Gobain plans to make it in Australia.
- Anthony Macdonald
Ferrari’s first electric car may cost more than $800,000
By the end of the decade as much as 80 per cent of the car maker’s new vehicles could run on batteries. The first is scheduled for 2025.
- Bernhard Warner
Bain refused to sign Bapcor’s NDA/standstill in return for engagement
If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Manufacturing Winner
- Sustainability Leaders
How Amcor gave us guilt-free cream cheese
Soft plastics are piling up in warehouses around Australia. Amcor says it has a solution, taking out the Manufacturing category.
- Sylvia Ramsey
- Special Award
- Sustainability Leaders
Showing the way: Major brands embrace new recycling symbols
Making it easier for households to recycle packaging for food and consumer goods has won Australasian Recycling Labels a special award for Education Enabler.
- Alexandra Cain
- Analysis
- Sustainability Leaders
How Sustainability Leaders entrants were assessed
Submissions came from ASX20 companies and multinationals, early-stage ventures and public institutions, and were scored against four measurements.
- Rebecca Russell
Project Open: Barrenjoey seeks $182m for Orora activist push
Street Talk understands the home-grown investment bank tried to pull together a syndicate of investors in April to nab a 10 per cent stake and agitate for change.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Field of credible buyers small, says Austal’s departing chairman
Former US navy secretary Richard Spencer will become Austal’s chairman, succeeding John Rothwell, amid a stand-off with suitor Hanwha.
- Brad Thompson
Hanwha settles into Austal cold war as shipbuilder swaps out chairman
The new chairman at ASX-listed shipbuilder Austal also happens to be the chairman of Joe Hockey’s advisory firm Bondi Partners.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lululemon returns for bigger bet on recycled leggings start-up
The company behind plastic-eating enzymes that enable athleisure to be endlessly recycled aims to have a large-scale manufacturing plant in Asia by late 2026.
- Simon Evans
Collapsed Dion Lee owes $20m to Levis family’s Cue
An entity linked to Cue extended $20.3 million in working capital and funding since January 2022, making it Dion Lee’s number one creditor ahead of the Commonwealth Bank.
- Vesna Poljak and Carrie LaFrenz
Weak dollar plays a part in $2.1b buyout of Adbri by Irish giant CRH
One of Australia’s largest cement groups will disappear from the ASX after 62 years, with one shareholder saying it was a “sad but predictable day”.
- Simon Evans