Today
Blackstone eyes investment in rival to Transgrid’s unregulated biz
Multiple sources said Blackstone has pulled ahead of rival bidders, including HMC Capital’s Julia Gillard-chaired Energy Transition Fund, to tip into Symphony.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bigtincan in the doghouse with shareholders over PE playbook
While business performance has fluctuated, shareholders place blame for the share price’s collapse squarely at the feet of the board,
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rich Lister family backs solar panel recycler Sircel
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
Parcelpoint spin-off Fluent Commerce hunts for US buyer; hires Citi
Street Talk understands Fluent has been working with Citi’s North American bankers to seek a buyer for the business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Mid-market PE firm Riverside taps ex-Deliveroo CEO as ops partner
According to Riverside, Ed McManus more than doubled revenue during his four-year stint leading the food delivery service.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual’s $100m private debt pitch shies away from real estate
The fund manager is beefing up its $450 million listed credit fund, capitalising on a 10.2 per cent 12-month return.
- Aaron Weinman
Bain refused to sign Bapcor’s NDA/standstill in return for engagement
If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Mergers & acquisitions
Bapcor rejects Bain’s $1.83b offer, lures exec chair from 7-Eleven
The struggling automotive parts group also flagged an impairment, and said the private equity firm’s cash proposal did not reflect the value of the company.
- Updated
- Carrie LaFrenz
Private credit pioneer meets Goldman Sachs money man
Under-the-radar private credit boutique Alceon snaffles a big name former Goldman Sachs banker to be its CEO. It’s a very 2024 story.
- Anthony Macdonald
This Month
Private credit jumps 45pc in five years and is threatening banks: Citi
Risk-averse major lenders have created a “structural” change in the market by staying away from indebted companies and commercial real estate, analysis says.
- Updated
- Aaron Weinman
River Capital nabs Archer Capital’s education roll-up Aspire2
Andrew Larke, Orica’s former star dealmaker, will co-invest alongside the Melbourne-based investment firm and come on as Aspire2’s chairman.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Retail
Quadrant taps Houlihan Lokey for premium pet food review
The private equity firm with a strong track record in the pets category is mulling its options, including a sale of the premium Prime100 brand.
- Carrie LaFrenz
Genesis prevails over PE rival Crescent in stoush over Pacific Smiles
The two private equity firms have eyes for the ASX-listed dental group, but a decision by the Takeovers Panel has all but blocked one from advancing its bid.
- Aaron Weinman
EQT’s latest $20b-plus infrastructure fund sets sights on Australia
The Swedish private equity firm expects to deploy billions of dollars in infrastructure by next March, and wants to add to its $11b of local deals.
- Aaron Weinman
Forced smiles: Crescent Capital, Genesis get their fangs out
Pacific Smiles has been in a holding pattern since the dispute broke out.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Growth PE firm Whiteoak adds NDIS software provider
Whiteoak, a private equity firm founded by ex McKinsey & Co consultant Richard Whiteoak, has picked up a majority stake in Datanova.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Changes at the top: Brookfield promotes trio of local operatives
The Canadian private capital giant has elevated three of its long-serving senior staff: Sophie Fallman, Ruban Kaneshamoorthy and Danny Poljak.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Deutsche gets ball rolling at Public Hospitality recapitalisation
Street Talk understands a new $200 senior lending facility has been put in front of the group’s existing lenders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MA Moelis tapped for $500m Contract Resources sale
The Australian energy and gas services play is controlled by Perth-based Viburnum Funds and global private equity firm SCF Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
