Yesterday
Retirement living player Reside Communities hangs out for-sale sign
Reside owns and operates five villages across South East Queensland, with more than 1000 luxury homes in Brisbane, Gold Coast and the Sunshine Coast.
Shell-backed carbon credits player courts buyers, calls in bankers
The up-for-sale business produces Australian Carbon Credit Units (ACCUs) under the federal government’s Emissions Reduction Fund from more than 100 projects.
Exits mount at Cooper Investors as ‘next gen’ managers depart
Eleven people in Cooper Investors’ investment team have left the Melbourne fund manager since June, Street Talk can reveal.
Gupta tips Tahmoor coal mine into VA amid lenders’ wind-up push
Sanjeev Gupta’s eleventh hour attempt to retain control of NSW’s Tahmoor coal mine comes as a group of creditors push for its wind-up in the courts today.
PEP seeks buyer for Man Shake owner Cranky Health; adviser hired
The strategic review is slated to get under way in coming weeks, and is expected to result in a formal sales process, the people said.
This Month
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.
Project Port: Healthcare staffing biz hits the auction block
Alliance Nursing’s owners have called in advisors from McGrathNicol to shop the $98 million revenune-a-year business to potential acquirers.
US money transfer giant in the frame at OFX Group
Second time lucky? Colorado-headquartered global payments company Western Union is among the parties that have expressed interest in OFX Group.
D-Day for Sanjeev Gupta’s Tahmoor as lenders seek receivership
The fate of Sanjeev Gupta’s long-running attempts to retain control of the Tahmoor coal mine is set to be decided as early as this afternoon.
Pepper Money mulls ending short-lived ASX return with Challenger deal
The non-bank lender confirmed an offer from the investment manager giant, which, if accepted, would take the KKR-backed company private once again.
Eyes on Soul Patts as Ironbark Asset Management circles new backer
Ironbark is in late-stage negotiations to sell a significant equity stake to a global wealth management business keen on bankrolling the firm’s M&A pipeline.
Pepper not just another private-equity yo-yo. There’s a bigger story
At one level, the $1.15 billion bid to take Pepper Money off the ASX is yet another IPO yo-yo. But step back and there’s something bigger going on.
Perpetual wealth sale makes headway as Bain Capital meets staff
No deal yet, but Street Talk understands Bain Capital executives conducted a meet and greet with Perpetual’s Sydney staff on Friday.
Bankers, lawyers swarm Pepper Money’s privatisation deal
A KKR-led consortium that includes ASX-listed Challenger is seeking to privatise the $785 million non-bank lender.
From buyout darling to basket case, the Healthscope bill has arrived
Financial engineering has capped a stunning fall from grace. But it also raises an important question: should the public purse be used to underwrite hedge funds?
Cobre preps $50m raising for M&A; Tribeca, BlackRock back the deal
Shortage of pure-play copper exposure on the local bourse has put a rocket under the share prices of listed players.
GIP restarts $565m-a-year Pacific National sale; flyers sent
A sale flyer, sent to potential buyers in recent weeks, shows the rail freight group is making close to $600 million in EBITDA.
Non-bank lender Pepper Money in late-stage privatisation talks
The fund-to-fund deal would see Pepper transformed into a business that originates loans for GA, the people said.
Crescent revives Hall Contracting exit plans, brings in bankers
Greenhill has become the go-to banker for Crescent, and is currently also helping it find buyers for outsourcing player Emapta and childcare group Green Leaves.
Software start-up for physios nets $46m from top Aussie athletes, US VC
Splose has added $46 million to its funding pot and will seek to deepen its presence in the United Kingdom’s allied health community.
