Today
Argonaut snares institutional boss from Canaccord Genuity
Gilmour’s expected to join Argonaut in late January as a member of the firm’s senior leadership team and become a “meaningful” shareholder.
Yesterday
Animal spirits: sponsors, trade stalk Apiam Animal Health
Sources said Vizard has fielded a handful of non-binding, indicative proposals this year, including from EQT, Quadrant and a trade player out of Canada.
Project Crescent: Ellerston taps into WA’s wheat belt with agri bet
The deal terms mean it can force an IPO of the leading John Deere agricultural equipment distributor after three years.
Titanium Ventures leads $30m raise for AI-powered documents platform
General partner Yash Patel led the deal from the VC’s 2021 vintage $US350 million Fund III and has joined the board.
Anchorage shops at Wesfarmers Health for new hire
Wesfarmers Health’s chief financial officer and private equity hotshot Ed Bostock is set to join Anchorage as a managing partner
Metals Acquisition Corp in $140m raise via Barrenjoey
The proceeds would clear MAC’s mezzanine funding and clean up its capital structure, sources said.
Indicative offers land for TPG’s golden child, the $4b CRO Novotech
At least three credible players have come forward with first-round offers for Novotech, but that doesn’t mean the business has succeeded in seducing every dealmaker in town.
This Month
$3b Queensland unicorn Go1’s investors prep secondary
A handful of Go1’s investors have expressed interest in selling their common shares in the company for about $US10 apiece, down from last round’s $US16.85 price.
M&A music on replay at Songtradr; $US175m pre-IPO raise under way
Of note, the raise has been loosely labelled a “pre-IPO” round, with investors told a float is still on the cards.
Affinity Equity Partners country head Nick Speer resigns
Speer joined Affinity in 2023, following nine years with US mid-market private equity firm The Riverside Company’s Australian offices.
Nicole Scurrah’s Create Advisory lands senior Deloitte health partner
A year after departing Luke Sayers’ eponymous corporate consultancy, the former chief of staff to former Queensland premier Anna Bligh is growing her firm.
Turnaround tale Freedom Furniture back on the deals circuit
Sources said Callard would lead the sale preparations in-house, for now, adding that the process would get under way later this year or early 2025.
QIC’s private debt team piles into Icon, QANTM deals
QIC scooped up a $30 million slice in cancer care provider Icon Group’s $300 million accordion facility.
Sydney ESG consultant EMM courts private equity; Moelis on tools
Street Talk can reveal EMM’s shareholders have mandated MA Moelis to seek a buyer for a 45 per cent stake in the business with guidance for $10 million-plus EBITDA.
BofA has snagged a big-name bidder for SingPost’s Aus assets
The portfolio, which is referred to as FMH Group, is expected to be worth as much as $1 billion, sources said.
Flagstaff’s Steve Hammerton finds himself a corporate gig
The long-time corporate adviser has been named head of corporate finance and strategic projects at engineering giant GHD.
Bids delayed for Kinetic’s $4b auction; buy-side work in short supply
Street Talk’s tally on Sunday revealed no suitor has signed a buy-side mandate yet – an unusual if not unheard of move – ahead of non-binding indicative bids.
Pemba’s defence tech play Aurizn inks bolt-on; two more in the wings
The private-equity backed name is mulling its next phase of growth with a new chief executive and two bolt-ons waiting in the wings.
Buyout firms lock horns for $1b-plus Waste Services Group; NBIOs in
The bidder interest shows waste management remains an attractive sector for private equity – despite Macquarie’s disastrous $2.3 billion take-private of Bingo.
Steer clear of Rio Tinto’s $5.8b bid, Arcadium shareholder urges board
Riordan and Teran aren’t trying to quash a potential takeover, but they say it has to be at the right price – and that Rio needs to be thinking around the $US8 billion mark.
