Today
Macquarie seals $11.7b purchase of logistics group Qube
The ASX is set to lose another major infrastructure stock after Qube’s board signed off on the sale to a Macquarie-led bidding group.
Yesterday
Macquarie ready to sign $11.6b Qube take-private, GIC back in frame
Should GIC proceed as co-investor, the Singaporean would have its name across two of the four biggest M&A deals announced in Australia.
Why big tech’s ‘Bunnings sheds’ are the next NIMBY nightmare
AI doesn’t care where it goes to school, but voters will when the power-hungry infrastructure begins to pop up in their backyards.
This Month
Boral becomes a saviour for Stokes’ SGH amid sluggish profit growth
Chief executive Ryan Stokes said the conglomerate would be disciplined when it came to a higher bid for BlueScope but conceded deals were needed for growth.
Macquarie to tap Zara founder Amancio Ortega’s logistics expertise
The financial services giant will draw on the Spanish billionaire’s knowledge of global supply chains as it closes in on an acquisition of ASX-listed Qube.
China’s Baowu blasts Australian rival’s ‘self-serving’ tariff bid
The Chinese steelmaker is one of the largest customers for Rio Tinto and BHP’s iron ore, and says arguments to restrict its goods are baseless.
Zara billionaire joins Macquarie’s $11.6b bid for Qube
The family office of the owner of fast fashion brand Zara, as well as Brighter Super, Mercer and UniSuper have agreed to invest alongside Macquarie Asset Management.
Michelle Jablko and the problem of what comes next for Transurban
With no stand alone new toll roads under construction and major concessions set to expire, Michelle Jablko faces a defining 12 months at the toll road giant.
NRL star’s construction firm pivots to AI after $1.7b sale
ASX-listed company Maas Group has sold its building materials division and taken a $100 million stake in Oliver Curtis’ artificial intelligence factory start-up.
The billionaire truckie, his kids and the latest succession saga
Senior reporter James Eyers on the Linfox logistics empire, why Peter Fox has taken an unexpected break and what it means for the family’s succession plan.
The banker-turned-architect boosting house values with parks
Landscape architect Leonard Ng says the way to win over critics of large projects – and ensure the best design – is to measure the benefits.
Macquarie Asset Management readies $5b-plus debt package for Qube bid
The Silver Doughnut’s investing arm is preparing to borrow about $5 billion from the loan markets to fund the take-private.
Aware Super launches sale of $4b Victorian land titles registry
The deal could value SERV, responsible for registering every property sale in Victoria, at $4 billion after the government privatised it in 2018.
Robots to replace Olympians in bold plan for athletes’ village
Construction has not yet begun, but businessman Mark Carnegie already has a plan to repurpose Olympic accommodation.
January
Macquarie Asset Management, UniSuper get down to business at Qube
MAM has started negotiating a standstill agreement with UniSuper, the industry superannuation fund that scooped up 15.1 per cent of Qube’s shares.
Macquarie eyes Asian expansion plans for takeover target Qube
Macquarie Asset Management is likely to use its Asian footprint to expand Qube’s logistics services if it seals its proposed $11.6 billion acquisition.
CEFC injects $70m into QIC’s new global infrastructure fund
QIC is still working on fundraising efforts for Fund 2, but is understood to be targeting a $US2 billion final close by March.
No, thanks! Macquarie courts GIC for $11.6b Qube bid as its mates pass
Singapore’s sovereign wealth fund has discussed joining the logistics takeover as major infrastructure investors decline to stump up the required equity.
Inside the secret weapons-making lair tucked away in Sydney
David Goodrich has done something unheard of – delivered a submarine program on time and on budget. And it all started at North Sydney Boys High School.
Former HMC head of energy transition to join GIP
Angela Karl has packed her bags for the infrastructure investing powerhouse.
Macquarie asks bankers to put it out of its misery at Bingo Industries
MA Moelis’ Paul Rathborne and Chris Wyke, who’ve built their careers on finding paydays for owners stuck with challenging assets, have snaffled the gig,
PE tests the market for documents storage biz ZircoDATA after a decade
Record Point is pitching ZircoDATA as a defensive, infrastructure-like play with bond-style cashflows and compliance tailwinds.
Palisade Impact acquires Sydney’s Arc Energy
The acquisition is expected to lift Energy Locals’ metres by 50 per cent, according to people familiar with the deal.
Private equity-backed ctrl:cyber hits $100m milestone in expansion play
The deal is expected to strengthen ctrl:cyber’s sovereign capability and national footprint, and see its enterprise value punch through $100 million.
Trio of architects chosen for Brisbane’s Olympic stadium
Design contracts for the $3.8 billion, 63,000-seat Brisbane Stadium have been awarded to a trio of leading architecture firms from Australia and Japan.
