Yesterday
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Opinion
- Chanticleer
Bain seeks to quaff up Australia’s Accolade Wines
The local winemaking giant’s first private equity owner made a motza, the second lost it. The new brigade promises its reign will be very different.
- Anthony Macdonald
- Opinion
- Chanticleer
Why private equity’s dirty little secret worries this investment titan
David Hunt, the boss of $1.9 trillion investment giant PGIM, sees the potential for a shakeout in private equity and private credit as conditions get tougher.
- James Thomson
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The death of IPOs is just the start. The whole world’s going private
A world where ordinary investors hold private equity alongside their share portfolio? Wall Street giant Marc Rowan thinks it’s coming as the world goes private.
- Updated
- James Thomson
ASX slumps; Beirut bombarded; The whole world’s going private
Read everything that’s happened in the news so far today.
AustralianSuper goes big in New York searching for prime investments
The country’s largest industry superannuation fund has moved two executives to the United States and made a string of high-level appointments.
- Hannah Wootton
David Di Pilla swoops on $2b data centre group Global Switch Australia
The assets, two big developments in inner Sydney, will anchor a $1 billion real estate play that the veteran dealmaker intends to list later this year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Investing
A narrow window to change the fortunes of the ASX
The cost and regulatory burden of a public listing is driving companies and investors into the arms of private capital. The ASX needs to fix itself.
- Peter Swan and Dimitri Burshtein
Navis Capital’s Device Tech stocks up M&A war chest
Street Talk understands Device Tech’s lenders have blessed the pan-Asian buyout firm’s decision to raise $150 million in fresh debt to fund M&A.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Raptis Seafood out to reel in strategic investor; taps Kidder Williams
The sixty-year old family-owned seafood company turns over $90 million revenue per annum.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PE investor Straight Bat gets into the events marketing game
Mid-market private equity firm has made the eighth investment from its Perpetual Legacy Fund, acquiring a majority stake in a Sydney-based marketing company that services the IT sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
