Today
Morrison & Co mulls selling Perth Airport stake; TIF, ART tipped to join
Of note, Morrison & Co’s decision to sell could set off a domino effect on Perth Airport’s register.
Australia’s most-advanced offshore wind project hunts equity backers
Renewables bigwig Copenhagen Infrastructure Partners wants a co-investor for the 2.2GW Star of the South, Australia’s most advanced offshore wind project.
Goldman eyes bigger slice of Melbourne super set with new hire
Street Talk understands the Wall Street bank has tapped BTIG managing director Joe Mahony to lead its equities sales and execution effort in Melbourne.
Bankers monitor EQT’s Nexon for next hot deal in IT services
EQT has held a majority stake in the IT services outfit since July 2019, meaning its time on the register has ticked past five years
Yesterday
Crescent dumps Australian Clinical Lab stake; E&P on ticket
Street Talk understands the private equity firm traded 60.8 million shares in the healthcare group after the market close on Wednesday.
National Storage REIT in $300m convertibles deal; taps three banks
National Storage REIT is tapping the market after at a flurry of convertibles deals – and associated delta placements – from Australian issuers.
TPG Capital courts PE royalty for $4b Novotech exit; meetings underway
TPG Capital and its bankers at Goldman Sachs and Jefferies have kicked off the first round of management meetings this week.
E&P Financial shuffles the deck; corporate advisory co-head exits
A tough year in its transactions division has led to an internal restructure with four departing across corporate advisory, equities and research.
Mining, infra water services provider Vysarn raising to fund M&A
Vysarn would pay $24 million cash and 10 million of its own shares upfront, with another 30 million shares due down the line if CMP hits EBITDA-related targets.
Quadrant’s electronics maker Circuitwise looks east for acquisitions
Circuitwise has inked a share purchase agreement with Nautech Electronics, another electronics manufacturer that has been in business since 1989.
This Month
How Square Peg is luring investors into its $840m fund raise
The $3 billion VC has been a responsible money manager with a handful of successes. But it’s only had a few home runs.
UBS, Morgan Stanley on the ticket for NextDC’s $550m placement
Funds will be raised for the data centre operator at a fixed price of $17.15 per share, representing a 3.9 per cent discount to the last close.
QIC locks horns with David Di Pilla at $400m data centre biz iseek
Make no mistake, iseek is about 60 times smaller than AirTrunk but it’s still a way to play the artificial intelligence theme.
Viburnum’s GTN takeover finds early takers after trading frenzy
Viburnum, which was sitting on 35.53 per cent of GTN, is said to be hovering near the 50 per cent mark after scooping up about 15 per cent of GTN on Monday.
OPTrust’s bus operator Kinetic juices up forecasts for $4b-plus sale
The business’ geographical expanse – it owns Melbourne’s SkyBus as well as London’s red double-deckers – has befuddled investors and sparked expectations of a breakup.
Nordic PE firm comes calling for Melbourne life sciences biz IonOpticks
The deal comes after this column revealed IonOpticks had mandated Rothschild to run a strategic review, with expectations of a circa $160 million valuation.
Grounded: KKR, Skip mull throwing in towel at Qld Airports auction
Street Talk understands private equity suitor KKR and its consortium partner Skip Capital’s commitment to the QAL auction is waning.
HG Vora chips away at Pointsbet stake; Jefferies on hand
Sources said it was a standard block trade, with three funds on the buy side.
Greatland Gold in $500m raise for Newmont’s Telfer; Twiggy tips in
Potential backers have been told mining billionaire Andrew Forrest, already a backer of Greatland Gold, will pour in $100 million.
A $1.2b refi at Foxtel may supersede News Corp’s sale attempts
Goldman Sachs is mailing out non-disclosure agreements to suitors, including a faction of opportunistic investors that aren’t afraid to tackle basket cases.
