Today
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
Yesterday
- Exclusive
- Investment banking
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
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
This Month
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
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
- Exclusive
- Investment banking
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
Eyes on Macquarie as opportunistic credit funds circle Bingo
Street Talk understands the debt is again changing hands among a handful of special situation specialists, including debt trading house SC Lowy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Creditors owed $22m in Mighty Craft beer collapse
The beverages group, which owns 25 per cent of zero carb brand Better Beer, owes money to Pure Asset Management and KPMG, according to its creditor list.
- Simon Evans
Switzerland’s Unilabs takes a look at $4b I-MED radiology business
The company’s British private equity owners, Permira, brought in Morgan Stanley and Jefferies earlier this year to work on plans for a bumper payday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Houlihan Lokey tapped for Nature’s Care sale
Street Talk can reveal receivers BDO Australia called in Houlihan Lokey to kick off a sale process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Five things investors need to watch next
Spotting the next shoe to drop in markets is never easy. But there are a few spots investors can look for signs of stress.
- James Thomson
Superhero swoops on MYOB’s Slate Super
The online share-trading platform is one step closer to its goal of becoming a superannuation platform of scale after nabbing the $502 million fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Jefferies grabs a piece of AirTrunk’s $20b auction
No doubt, AirTrunk should pad fee revenues for IB bosses for the December half, while burnishing the resumes of the bankers at the frontlines for years to come.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex-Macquarie exec Ben Brazil triumphs over Vietnamese billionaire
Brazil’s FitzWalter Capital is seeking $270 million in compensation from Vietjet, one of Asia’s largest airlines, which failed to return four Airbus aircraft.
- Kylar Loussikian
Christie’s-backed art fintech puts finishing touches on recap
It also opened a $US50 million debt book opportunity alongside the equity round and told backers it would be open to a sale or join venture discussions.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Vocus revives $6.3b dream to buy TPG’s fibre network
But sources said discussions between the ASX-listed telecommunications group and its Macquarie and Aware Super-owned rival were at a very early stage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aussie sport legends bag stake in golf buggy maker MGI
The investment will refresh the family-run retailer’s register for the first time since it was founded in 1993.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Genesis remains defiant on blocking Crescent’s Pacific Smiles bid
Street Talk understands Genesis Capital isn’t done yet and will continue to use its considerable stake to thwart the bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
