Today
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
This Month
PE-backed Minemet buys Victorian scrap dealer, hunts for NSW bolt-ons
The business, which is among the state’s leading scrap metal dealers, is understood to have rung in $21 million revenue for the 2024 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Water quality monitoring start-up Eco Detection lands UK-listed backer
Street Talk can reveal Eco Detection has added London-listed mining services player Capital Limited to its list of backers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Bin way too long! Affinity Equity hires bank for Waste Services sale
You’d be forgiven for thinking Affinity has a leg-up in the UBS-run auction, given its ANZ boss’s history with the asset.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Done deal: London buyout firm Livingbridge acquires Colinton’s Dimeo
Under the deal, Colinton will retain a stake, while Livingbridge will join the register alongside founders Charles Bates and Peter Easter.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Retail Winner
- Sustainability Leaders
Customers love this cool solution to getting rid of old fridges
Winning Group brand Appliances Online has stopped 80,000 tonnes of electronics and appliances from being dumped in landfill, earning the company top spot in the Retail category.
- Gus McCubbing
- Professional Services Winner
- Sustainability Leaders
Would you like coffee with your concrete?
One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.
- Michael Bleby
June
Cleanaway closes lid on Melbourne City’s garbo Citywide
Street Talk understands Cleanaway has seen off rival suitors for the business, with a deal expected to be announced as early as this week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Dutch giant APG tips $384m into Palisade Real Assets’ UK platform
In tandem with wooing APG as an investor, Palisade Real Assets’ BioticNRG platform has signed two acquisitions in the past fortnight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Azure Capital poaches KPMG PE co-lead to set up shop in Melbourne
Nick Combes, a dealmaker with almost two decades of experience, has joined Azure Capital’s partnership ranks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
Next Capital shops $40m-a-year remediation specialist Enviropacific
The business has been a beneficiary of heightened regulatory scrutiny around “forever chemicals” per- and polyfluoroalkyl substances, known as PFAS.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Mergers & acquisitions
Government-backed green tech firm goes broke, gets acquired for $5m
Scipher Technologies, an e-waste processor that the government invested $15 million in, has been bought for $5 million after it entered administration in March.
- Paul Smith
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Trash talk: Macquarie-owned Bingo cops S&P downgrade
S&P expects Bingo’s debt to EBITDA ratio will remain above nine-times for this financial year and above seven-times in FY25.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
‘Stick to your guns’: inside the fall of a Young Rich List waste king
An afternoon coffee and a desperate string of WhatsApp messages helped seal the fate of Daniel Tartak and deliver a $30 million fine to waste giant Bingo.
- Jemima Whyte and Max Mason
January
Five ways to get Australia’s waste problem under control
We produce masses of rubbish but fare poorly in waste recycling and recovery compared to other countries. An abundance of land and a lack of policy has made us lazy.
- Ben Potter
December 2023
Forrest family leads Rich List plunge on packaging disrupter
Andrew and Nicola Forrest have led a star-studded fundraising for the start-up that hopes to replace polystyrene with a more sustainable insulation material.
- Peter Ker
November 2023
Citi, Skye advise Palisade on winning bid for Downer’s Repurpose It
The sale price is understood to have valued it at less than seven-times EBITDA. It’s at the lower end of the multiples that waste management companies have traditionally fetched.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
Why Macquarie was forced to dump increased $1.3b bid for waste company
The target, Renewi, appears to have put the financial services giant back in its box. But it left the door open for a higher offer.
- Hans van Leeuwen
