July
Alibaba-backed Singapore Post shops Australian assets
Street Talk can reveal Bank of America has been mandated to sell the Singapore group’s Australia unit which is understood to be making about $100 million in earnings.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Fortescue plunge reveals huge shoes to fill
Fortescue was fortunate to have such a sticky institutional backer for as long as it did. Now, it needs to find broader support.
- Anthony Macdonald
In tougher job market, aspiring bankers skip class to ‘stack’ internships
Goldman Sachs had 31.5 per cent more internship applications in Singapore this year, and graduate recruitment is now so competitive that “internships are where you can get the foot in the door”.
- Bernadette Toh
Marex raids Jarden’s carbon trading business, opens NZ office
The Nasdaq-listed firm has snared Jarden rainmaker Nigel Brunel and a swathe of the Kiwi investment bank’s carbon trading team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Barrenjoey-backed Community Capital raises $674m for credit fund
Their management fees, net of operating costs, are donated by Community Capital to non-profits.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ares dealmaker joins Adara panel
Adara’s “panel” is a bench of advisory talent who are willing to lend their expertise for deals – while forgoing their fee.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
- Updated
- Macquarie Group
Macquarie struggles with sluggish deal activity, flags asset sales
The financial services giant told investors that its investment bank had dragged down earnings – flat on last year – for the three months to June 30.
- Updated
- Aaron Weinman
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
- Aaron Weinman
- Opinion
- Chanticleer
Takeovers risk turning into money grabs for directors
Special exertion payments are legal, but we would argue they don’t befit a blue-chip company. Fund managers and governance experts also have concerns.
- Anthony Macdonald
Bin way too long! Affinity Equity hires bank for Waste Services sale
You’d be forgiven for thinking Affinity has a leg-up in the UBS-run auction, given its ANZ boss’s history with the asset.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bosses fear CFMEU; ASX pump-and-dump crew hit; Top 10 banker deals
Read everything that’s happened in the news so far today.
The top 10 deals where bankers won big fees in the past year
The country’s largest investment banks shared in an estimated $600 million payday – from capital raisings to IPOs in everything from NextDC to the ailing Star.
- Aaron Weinman
- Exclusive
- Private equity
PEP broadens investor access for fund that returned more than 15pc
The private equity firm is opening its Gateway vehicle, which has raised north of $500 million, to New Zealand’s wealthiest families.
- Aaron Weinman
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
- Sarah Thompson, Kanika Sood and Emma Rapaport
It’s a banker bonanza as Permira eyes its $4b I-MED payday
The firm’s dealmakers have tapped Jefferies to join their sell-side advisory lineup, alongside Morgan Stanley – which has kept close to the company for years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
M&A forecast? It’s about to rain private capital deals
Private capital hunters – domestic superannuation funds, offshore pension funds and asset managers such as KKR and Brookfield – have their chequebooks out and are trying to get their hands on $50 billion of Australian targets.
- Anthony Macdonald
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Grow Inc raise upsized after strong demand; IPO on the horizon
A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EQT-backed Five Good Friends hits auction block; stake up for grabs
A handful of Five Good Friends’ minority shareholders, including QIC and stockbroker Morgans, have hired Record Point to shop a 45 per cent stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
