Yesterday
Imricor Medical Systems in $35m raise
A presentation sent to potential backers said Imricor had spent 18 years and $US105 million ($155.7 million) on its technology.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ART closes in on AustralianSuper’s top spot with new merger
The deal will add Qantas’ $9 billion in funds under management to the Australian Retirement Trust’s ballooning $280 billion-plus asset pool.
- Hannah Wootton
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
PE titans lob bids for Healius’ $700m Lumus Imaging; UBS offers staple
Many have taken a look at Healius’ Lumus Imaging, but it was TPG Capital and Affinity Private Equity that put pen to paper when UBS collected offers last week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bankers seeking their next big pay day are chasing these clients
Investment banks are now after riskier, smaller companies so they can pounce on the spoils of a trophy listing or a huge sale to private equity.
- Aaron Weinman
Next Capital anoints new partner; sells fancy breadmaker Noisette
Dicembre was integral to the firm’s investment in NZ Bus, and its subsequent exit to Australia’s largest bus network, Kinetic, in 2022.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bain’s Accolade to buy Jacob’s Creek and other Pernod Ricard brands
The deal between the French alcohol giant and one of Australia’s largest wine producers will require approval from the competition regulator.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Azure, Natixis shop Brookfield-owned X-Elio’s Blue Grass solar project
Street Talk understands the Spanish renewable developer, a 100 per cent Brookfield-owned company, is seeking to part with its interest in the 200 megawatt-peak solar farm and battery project.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Genex to depart ASX after investors back J-Power takeover
Shareholder approval of the deal, worth more than $1 billion including debt, was in little doubt after 19.9 per cent investor Skip Capital revealed it would back it.
- Angela Macdonald-Smith
Labyrinth Resources buys Vivien mine, launches equity raising
Vivien was one of the most profitable mines when it was in Ramelius Resources’ stable.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Elmo’s US owner tests buyer appetite, two years on from $486m buy
K1 picked up ELMO at a time when interest rate hikes had punched the oxygen out of valuations for ASX-listed names.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Transurban hijacks NSW toll review, raises social licence stakes
Transurban changed its tune in June, promising to be part of the solution. It has six months to come up with something better for Sydney’s drivers.
- Anthony Macdonald
Bankers target M&A financing as ASX hits record
Investment banks are hopeful a buoyant sharemarket will encourage ASX-listed companies to tap equity capital markets for growth.
- Aaron Weinman
EBOS chews over Quadrant’s pet food biz Prime100
Quadrant has brought in Houlihan Lokey for the strategic review of Prime100 which is a supplier to Greencross’ Petbarn retail chain.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Genex Power
Farquhar’s Skip Capital will back J-Power’s takeover of Genex
The Atlassian billionaire’s fund owns 19.9 per cent of the ASX-listed renewable energy group. Its support removes a major roadblock for the Japanese utility.
- Angela Macdonald-Smith
Inside AirTrunk’s pitch to the world’s heaviest hitting investors
Also around the boardroom table: the same Blackstone team who ruled off a $US10 billion ($14.8 billion) takeover of QTS in 2021
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adamantem Capital brings in investment bankers for Hellers sale
The private equity firm is sitting on a handful of ageing assets from its first fund that have been earmarked for a sales process.
- Aaron Weinman
Bell Potter’s Hugh Robertson jumps ship to Morgans
Robertson is understood to have resigned from Bell Potter on Friday and started work at Morgans on Monday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Five V boots up $400m payday at Canberra cybersecurity biz Penten
Houlihan Lokey’s appointment shows Five V is hopeful of snagging a North America buyer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Business with a smile: Genesis Capital ramps up fight for dental biz
With Genesis’ voting intentions out in the open, the coming weeks will see a flurry of activity in all camps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
