Today
Haben raising $263m to bankroll QIC’s Westpoint shopping centre buy
Potential investors have been told to expect 6.6 per cent in average annual distributions which would be paid quarterly, and at least 17 per cent pre-tax IRR.
- 1 hr ago
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
Crescent tries to pull off the near impossible at Pacific Smiles
But the private equity firm has another ace up its sleeve. Influential proxy adviser Institutional Shareholder Services has thrown its support behind the bid.
Heart medtech Anteris Technologies in $40m raise
The proceeds would fund development of its flagship DurAVR THV product which aims to mimic a healthy aortic valve.
Nasal viagra biotech launches capital raising, Alpine on ticket
Street Talk understands sole lead manager Alpine Capital was seeking bids at 73¢ per share on Monday morning.
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
Suitors scramble to get across Anglo’s $7.5b Queensland coal auction
Sharp-nosed suitors are expected to push for the company to take a chunk of the bid value as deferred consideration, tied to Grosvenor’s performance.
Yesterday
This investor is slimming down its stake in Blackstone-backed Xpansiv
The carbon trading platform counts some heavyweight backers including the private equity giant and Macquarie. But Perennial is selling down its investment.
It’s a banker bonanza as Permira eyes its $4b I-MED payday
The firm’s dealmakers have tapped Jefferies to join their sell-side advisory lineup, alongside Morgan Stanley – which has kept close to the company for years.
C-suite departures come thick and fast at industry super giant Cbus
Staff were on Friday informed chief strategy officer Alexandra West had lobbed her resignation after less than a year in the role.
This Month
PE-owned Netlogix hunts capital partner; calls in MacCap
The Pencarrow Bridge Fund owns 51.6 per cent of Netlogix Group Holdings Limited, according to the New Zealand Companies Register.
Ethical Partners to close, sells massive big blocks in ACL, NobleOak
Ethical Partners was the seller behind 10 per cent of ACL and just under 15 per cent of NobleOak traded by E&P Financial and Barrenjoey respectively on Thursday.
Duncan Saville’s Somers eyes investment in Magellan-backed FinClear
It comes as FinClear, on Thursday, quietly opened a share sale to match buyers and sellers on its register, including employees and external investors.
New Quantum’s US backer prepares to call in receivers; sale tipped
The US-based VC investor is New Quantum’s primary financier and is in discussions with McGrathNicol, sources said.
Blackstone pays $300m for minority stake in Symphony Infra Partners
The private capital giant is understood to have squared off against HMC Capital’s Julia Gillard-chaired Energy Transition Fund in the auction’s final round.
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
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.
The end is finally in sight for PEP’s worst-ever investment
The local private equity giant has been a money-spinner for investors, except in this instance. In an update, it says it may finally exit Equiniti next year.
Grow Inc raise upsized after strong demand; IPO on the horizon
A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.
Imricor Medical Systems in $35m raise
A presentation sent to potential backers said Imricor had spent 18 years and $US105 million ($155.7 million) on its technology.
