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
- 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
Yesterday
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Results Wrap
- Chanticleer
Chanticleer’s hits and misses from day one of earnings season
Retailer JB Hi-Fi was the standout result on day one of earnings season. Here are the key things our Chanticleer columnists noticed today.
- James Thomson and Anthony Macdonald
- 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
First Sentier talent lands at Ellerston Capital
Street Talk understands Ashok Jacob’s firm has added First Sentier portfolio manager Jack Briggs to its ranks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
- Primrose Riordan, Aaron Weinman and Jonathan Shapiro
Tim Bishop’s Wollemi Capital hires former NSW treasurer Matt Kean
The former state Liberal deputy leader and energy minister was appointed chairman of the federal government’s Climate Change Authority less than two months ago.
- Kylar Loussikian
This Month
Magellan fund redemptions put shareholders on edge
Anxious shareholders were rattled by the $800 million in funds under management that walked out the door from the Magellan Global Fund in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Former Macquarie equities boss Dan Ritchie jumps to the buy side
The former trader has taken the reins at Factory Capital, an investment firm, which has inked deals with dentists and tattoo removalists, among other companies.
- Aaron Weinman
- 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
QBE punished as price rises peak
UBS analyst Scott Russell says there is a “clear slowdown” in QBE’s pricing power.
- Lucas Baird
- 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
Familiar with the consumer data right? Here’s why you should be
The philosophical basis for the right is that data generated by consumers of commercial services is their property and not that of the company.
- James Eyers
- Exclusive
- Open banking
‘Badly executed’: Labor unveils plans to simplify consumer data right
A raft of enhancements to the open banking and energy sector data-sharing regime will be unveiled on Friday to boost adoption.
- James Eyers
AMP cuts financial advice deal, stemming losses
The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.
- Hannah Wootton
Corrs sizes up Herbert Smith Freehills PE partner
Street Talk understands the Corrs board has approved the hire of Freehill’s top private equity partner, Kam Jamshidi.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘A scandal of epic proportions’: why heads could roll at ANZ
This week on The Fin podcast, Jonathan Shapiro on ANZ’s bond trading scandal, whether the bank lied about its market activity to get on the deal and who should be accountable.
