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
- 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
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
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
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
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
- 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
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
Red5 launches $138m block trade; Euroz Hartleys on ticket
Shares were priced at 0.335¢ a pop – a 5.94 per cent discount to the five-day volume-weighted average price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
SkyBus operator hits the market as Macquarie completes global roadshow
But after months of meetings, the investment bank’s deal makers face an uphill effort to sell Kinetic Group at the valuation that they are hoping for.
- Aaron Weinman
Dealmakers send out the sales pitch for the rebirth of stricken Rex
But Regional Express’ prospective buyers don’t have much time. Confidential documents put an August 30 deadline on binding buyout offers for the carrier.
- 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
Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.
- Anthony Macdonald
Ex-RBC banker launches real estate IM with Iris Energy deskmate
Street Talk understands co-founders Bom Shin and Kevin Ghazi have just come off an Asia roadshow and are actively looking at deals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie splashes $816m on giant South Korean data centre
The asset manager’s acquisition comes as it prepares to sell its stake in AirTrunk in a transaction that is expected to value the local giant at $15 billion.
- Aaron Weinman
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
Citi’s investment banking boss jumps ship to Rothschild
Cartel’s appointment was announced to Rothschild staff early on Monday morning.
- 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
