This Month
Downer EDI ready to take Spotless Laundries out of the wash
This time around, Lazard Australia’s bankers have received the call-up to find a buyer for Linen Services Australia.
Lithium hopeful Winsome Resources in $20m cash call
Perth-based Canadian lithium junior Winsome Resources was hitting up investors for a $20 million cash call on Thursday.
QIC writes $225m loan for North American airline
Porter Airlines, founded in 2006, now runs short-haul flights to 30 destinations via 50 aircrafts.
Edtech Storypark invites bidders to take a peek at its books; taps RBC
Sources said Storypark makes about $10 million annual recurring revenue but has aggressive expansion plans across the Atlantic which could see it book up to $50 million in annual sales.
Five V Capital poaches Quadrant, Navis Capital dealmakers
Sources said in addition to the mid-level hires, Five V had also picked up half a dozen juniors to work under its six managing directors.
Australian Vintage rules off emergency raise’s $15m insto leg
Next up is a retail offer that would bring the total to $19.9 million.
Goldwind’s 1.4GW Baldon wind farm development lands on auction block
The bulk of the project, just over 1GW, is gunning hard for REZ access, for which NSW EnergyCo is expected to begin a tender process later this year.
Adamantem in buyer hunt for Climate Friendly, hires sell-side adviser
Mitsui took its strategic minority stake in May 2022 at a valuation of between $700 million and $800 million, sources say.
Bankers pin hopes on I-MED, Loscam to spark second-half M&A
Management meetings are in full swing for both I-MED and Loscam.
Private capital kicks tyres at Envirosuite; watching brief on Potentia
The SaaS company’s board has fielded interest from a handful of players but proposals have been considered too incomplete to merit disclosure.
Rinehart-backed Brazilian Rare Earths launches $66m share placement
The offer was priced at $3.30 a share, a 9.6 per cent discount to the last close but more than double the $1.47 mark at which it listed just six months ago.
Challenger, Revolution storm Pioneer Credit’s $300m refinance
Sources said Pioneer and Nomura had found enough demand to upsize the growth facility to haul the total from $245 million to about $300 million.
Sonic Healthcare-backed Harrison.ai boots up $100m-plus Series C raise
Harrison.ai’s management team has commenced discussions with a handful of potential investors regarding the cash call.
Canadian giant joins $15b-plus bidder fray for AirTrunk
CPPIB hired investment bank RBC Capital Markets for help with due diligence and funding ideas in the run-up to the NBIO deadline.
- Updated
Former Bapcor CEO Darryl Abotomey canvassed by PE suitor Bain
Sources said Bain was among a number of private equity firms that had tested the interest of the former Bapcor boss in recent weeks.
Azure Capital poaches KPMG PE co-lead to set up shop in Melbourne
Nick Combes, a dealmaker with almost two decades of experience, has joined Azure Capital’s partnership ranks.
TPG hires industry heavy hitters for $1.5b fund; eyes 3.2-times money
Former Telstra chief executive Andy Penn has signed up to lead the $1.5 billion TPG Emerging Companies Asia Fund’s efforts in new economy and cyber sectors.
Suitor tinkers with car parts business Bapcor; eyes on Bain Capital
Sources pointed to Bain Capital as the would-be acquirer, and said that the inbound approach was made in recent weeks.
MMA Offshore lookalike Bhagwan seeks $80m in IPO to fix balance sheet
Fund managers were offered draft IPO documents over the long weekend, detailing Bhagwan’s financials. However, a valuation is yet to be set.
Opthea launches $220 million capital raising, MST on ticket
The biotech has high hopes for a new drug that if successful could treat macular degeneration.
