This Month
St Barbara sells down stake in $452m gold miner Catalyst Metals
Street Talk understands St Barbara was the seller behind 12.69 million Catalyst shares crossed before Friday’s market open by stockbroker Petra Capital.
Bidder drought hits UniSuper selldown of Victorian desalination plant
Sources say core-plus funds had walked away after deciding the valuation needed to be significantly lower than UniSuper was prepared to accept.
CBA puts its high-net-worth advice business on the auction block
Sources say CBA is running a competitive sale process, and the UNHW business has fielded interest from several credible buyers.
Canadian VC’s new mega fund finds an Aussie cheerleader
GAF has secured an allocation to Radical Ventures’ new $1.2 billion AI-focused fund and kicked off efforts to raise funds from its wealthy client network.
Barrenjoey bankers gear up for envelope day
Street Talk understands letters are due at the end of this month and payments will drop into bank accounts a week later.
FIRB ghosts haunt Alinta Energy’s 3.4GW renewables pipeline acquisition
Alinta Energy hasn’t made a big acquisition since it was bought by Chow Tai Fook in 2017, which sources close to the situation say is due to its tense history with FIRB. Tetris is a litmus test.
Is Southern Cross Media the country’s most painful takeover target?
Between a pricey 15-year transmission contract and declining regional TV earnings, Southern Cross Media is drawing attention for all the wrong reasons.
This Auckland venture firm wants $55m, promising mega returns
WNT Ventures is raising up to $NZ60 million for its fourth fund, targeting family office and high-net-worth types in Hong Kong, Singapore and Australia.
Inside the sales pitch for AGL’s $250m bet on batteries and solar
Firm Power was founded by Simon Ingram and Chris Wilson, who have both had extensive experience in the renewable energy sector. I
Race for Healius’ $700m Lumus business down to just three as IFM exits
The company, led by Paul Anderson, has had an embarrassing three years, starting with a poorly priced acquisition of Agilex Biolabs in 2021.
Adviser gigs emerge on all sides of Orora melee
Citi, which assisted with a $1.35 billion equity raising last year for Orora, is on defence.
AGL Energy prepares to unveil big batteries play; acquires Firm Power
The company, which builds project to support the energy transition by providing firming power, was founded by Simon Ingram and Chris Wilson.
Fortitude’s tourism bet Active Adventures inks US bolt-on
The New Zealand-based company has snapped up US family-owned bicycle tour company Discovery Bicycle Tours for around $3 million.
Orora confesses to Lone Star approach, eyes on Apollo
Apollo dealmakers and CEO Marc Rowan have ramped up their visits to Australia, and cut the ribbon on a Sydney office a few years ago.
Bankers prep Novotech IM ahead of secondary sale; FY25 ests revealed
Early figures coming out of the process put Novotech’s forecast FY25 revenue at about $US450 million ($682 million) and pro forma EBITDA at $125 million.
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Rich Listers seek backers for ‘Victoria’s Disneyland’ Gumbuya World
Gumbuya Group’s shareholders have mandated boutique corporate adviser Edison Partners to parade the business to potential equity investors.
Lone Star makes its presence known to target Orora
Orora has dusted nearly $400 million from its valuation since splashing out $2.2 billion to buy France’s Saverglass last September.
The country’s biggest garbo goes hunting for big ticket M&A in energy
Sources said Veolia has been on the prowl for M&A opportunities within the energy sector.
Billionaire Salesforce boss tips into Sydney biotech incubator
Along with Marc Benioff, World Bank president Ajay Banga and Melbourne’s Churchill Asset Management all put in for a round that values the firm at $90 million.
RBC nabs Citi’s head of electronic trading
Citi’s electronic trading specialist Johnny Lau is set to join RBC in November, reporting to head of equities Karen Jorritsma.
