Yesterday
Ex Goldman, Rothschild MD leads raise for logistics tech start-up
Sources said David Acton’s Yarra Private Capital Discovery Fund led the round alongside existing investors King River Capital and Jungle Ventures.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Exclusive
- Consulting
Pemba Capital snares stake in Rennie Advisory consulting business
The private equity firm will take 40 per cent of the founder-led business, which has aspirations of growing from 40 to 300 staff in four years.
- Aaron Weinman
- Opinion
- Opinion
Why Wall Street’s alternative asset managers are singing
Wall Street’s biggest thing since private equity is celebrating a breakout year for the new money spinners. It may be justified, but history suggests trouble ahead.
- Updated
- Jonathan Shapiro
- Exclusive
- Electric vehicles
PEP bets $250m on EV charging firm founded in a Sydney garage
Most of the cash will be used to drive EVSE’s growth and integration with Intellihub smart meters to help customers manage their charging and protect the grid.
- Ben Potter
Watch Blackstone go all-in on Taylor Swift fandom with Christmas video
For its annual holiday film clip, an internal production that skirts the line between corporate self-promotion and self-parody, its staff emulate the pop star.
- Amanda Gordon
AusSuper’s Delaney ready to re-shape capital markets
AustralianSuper is a pioneer, builder and now a stirrer after blocking the takeover of Origin Energy. Chief investment officer Mark Delaney has seen it all.
- Anthony Macdonald
Pension, sovereign wealth funds pile into TEG’s $1.1b dividend recap
Sources said Silver Lake had lined up the $1.1 billion from five lenders, all of whom signed on the dotted line this week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NAB, PEP and Jarden strike $700m NZ wealth deal
The three-way deal is the latest example of investors piling in to benefit from New Zealand’s expected superannuation growth.
- Jemima Whyte and Aaron Weinman
AustralianSuper allocates $2.3b to private credit fund
The country’s biggest super fund has upped its allocation to the $US1.6 trillion private credit market amid shrinking bank balance sheets and tighter regulation.
- Sharon Klyne
Is the party over for the world’s most profitable law firm?
A boom in private equity meant bumper pay and rapid promotion for Kirkland & Ellis partners, but competition is growing as dealmaking slows.
- Will Louch
Aussie start-up banks $15m to build AI workers
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
Quadrant locks in refi for Junior Adventure Group
Street Talk understands existing lender Barings came in for a larger slice of the debt, which was due to expire in June 2024.
- Sarah Thompson, Kanika Sood and Emma Rapaport
$4b-plus GPG Australia appoints Morgan Stanley ahead of 2024 sale
The transition away from fossil fuels is only accelerating, and so too are the opportunities for owners and operators of big clean energy portfolios.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cura Day Hospitals auction in rude health; binding offers due
Cura is a much larger investment – and there’s bound to be some unhappy rival health insurers – but there’s no doubt Medibank and Macquarie are keen to buy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Aggressive and clever’: Inside Joel Thickins’ TPG
At 45, the pickleball-loving boss is raising a $9 billion fund and launching a new venture. He disdains investment bankers, and don’t mention Ben Gray.
- Jemima Whyte and Sarah Thompson
Anacacia calls in Allier Capital to shop infra biz
The Sydney-based advisory firm will work in partnership with US-based boutique William Blair to field interest in RA Infrastructure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Advent Partners sells Frosty Boy to US buyer
Advent first took a stake in the soft-serve manufacturer in late 2016, seeking to ramp up its operations in Asia, the Middle East and Latin America.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Barrenjoey banker jumps ship
Kevin Chong was a principal at the local investment bank.
- Sarah Thompson, Kanika Sood and Emma Rapaport
A $23b Canadian investor woos super funds with Ed Sheeran, Madonna
The investor is raising $763 million for the next frontier of private credit – asset-based financings backed by music royalties and legal finance.
- Aaron Weinman
- Opinion
- Chanticleer
Why deal-mad Perpetual is searching for some summer loving
Step up Perpetual for the hot potato announcement of the year. The financial services group’s stunning U-turn cannot have happened without a strong push.
- Anthony Macdonald
