Today
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
AirTrunk’s $20b auction the first big test of tax changes
The heat around the Macquarie-backed data centre group has so far papered over the questions raised by two tax changes – one legislated, one prospective.
- Anthony Macdonald
Rich Lister-backed Vinyl Group buys firm after HR complaints
One of Australia’s biggest media industry news websites, Mediaweek, has sold for $1 million to the ASX-listed music company backed by Richard White.
- Sam Buckingham-Jones
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Struggling Sims liquidates $435m in assets in strategic reset
Metal recycler Sims has sold two assets as it tries to survive the toughest recycling market in a decade.
- Peter Ker
- Exclusive
- Private equity
TPG Capital fine-tunes details for $3b Novotech sale
The private equity firm will push sales documents for its clinical trials business this month, intending to ink a deal by the end of this year.
- Aaron Weinman and Anthony Macdonald
Viburnum Funds sets sights on Coventry Group breakup
Fluids spoke for about 43 per cent of the group’s total $371.3 million revenue in the 2024 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
EVs sales splutter, but not this group’s offshore expansion strategy
CAR Group’s big move in the US came at a time of rising rates and softening consumer demand. It still worked.
- Anthony Macdonald
Nature’s Care sale docs in front of potential buyers; NBIOs due Sept 6
Although the company returned a $23.7 million operating profit in 2023, it has struggled under a heavy debt load and missed a $148 million debt payment last month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Optus falls out with its mobile towers investor AustralianSuper
The country’s largest super fund acquired a controlling stake in the telco’s infrastructure business for almost $2 billion in 2021. But relations have since soured.
- Aaron Weinman and Jenny Wiggins
This Month
Shareholders move against Metcash as hardware spin-out hopes fade
Street Talk understands influential shareholders harbouring concerns about Metcash’s Independent Hardware Group as Wesfarmer’s Tool Kit Depot ramps up its national expansion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fletcher Building sells Tradelink to one of America’s richest families
Blackfriars is controlled by the secretive Colburn family, and was self-advised.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Software darling shuns suitors to try its own private equity job
It is a big call to go it alone. Many would buckle when PE approaches because the turnaround is too hard – or they don’t want to pass up a quick buck.
- Anthony Macdonald
Dexus, CPPIB in advanced talks to sell Sydney’s $550m Tiffany building
The tower’s book value was about $622 million as of December 31, but this was slashed to about $550 million during Dexus’ revaluation of its portfolio in June.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Orora taps UBS as private capital lurks after $2.2b Saverglass buy
Should Orora’s share price pain attract a bidder, it would end the former Amcor unit’s 11-year stay on the ASX boards.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Earnings season
Foxtel on the block as News Corp confronts reality
The publishing and broadcasting multinational says there is acquisition interest in its pay television arm after a year-long study of its assets.
- Updated
- Sam Buckingham-Jones
Former Rich Lister applauds Tritium sale despite $100m up in smoke
Former coal baron Trevor St Baker says the $45m sale of collapsed EV fast-charging station group Tritium crystallised a big loss for him, but new owner Exicom will be a good steward.
- Simon Evans
- Exclusive
- Private equity
Wingate Group on the sales block as investors circle private credit
The Melbourne-based investment manager is in discussions with a Singaporean suitor about a potential investment or takeover that could be sealed this month.
- Aaron Weinman
Creasy in talks to buy Macquarie’s $148m debt at bombed-out gold miner
Sources say the trade has been agreed at (or close to) par with its carrying value, meaning Macquarie would make whole on its money.
- Sarah Thompson, Kanika Sood and Emma Rapaport
