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Street Talk

The leading source of breaking news in Australia’s capital markets with live updates throughout the trading day. Edited by Sarah Thompson, Kanika Sood and Emma Rapaport.

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Yesterday

  • Capital raising
  • Shaw and Partners launch Gentrack block trade

    The deal was priced at $5.97 apiece, a 5 per cent discount to the last close and a far cry from the $2.50 share price this time last year.

  • Capital raising
  • 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.

    This Month

  • Mergers & acquisitions
  • Advisory roles shift gears at Perpetual, Luminis scores broader role

    Street Talk understands Luminis Partners’ role at the $2.9 billion financial services player has widened out to include broader advisory remit.

  • Mergers & acquisitions
  • Intermediate Capital Group set to acquire Cura Day Hospitals

    ICG knows Cura well, having funded a management buyout from Archer Capital in 2014.

  • Capital raising
  • Pinnacle-backed wealth platform OpenInvest finds a white knight

    Street Talk understands the fintech has nipped its sales process in the bud after it received a vital capital injection from the Tayside Group.

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  • Mergers & acquisitions
  • BGH Capital to acquire Waterman Capital’s IT biz Fusion5

    Street Talk understands the private equity firm is in the final stages of negotiations New Zealand private equity investor Waterman Capital.

  • Lithium
  • We’re voting against Allkem’s $16b merger with Livent, Ausbil says

    The major fund management has made it clear that it believes the proposed ownership ratio doesn’t reflect the nature and the size of the ASX-listed group.

  • Capital raising
  • 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. 

  • Capital raising
  • Medical device company CathRx gathers fresh funds

    Street Talk understands the global medical device company has ruled off a $4 million bridge round led by Acova Capital and Bioshore Capital Partners.

  • Capital raising
  • Loscam shareholders going around the auction block – once again

    Sources close to discussions about a potential restarted sales process said the company is making between $100 million and $120 million in earnings.

  • Managed funds
  • Firetrail bulks up investment team

    Street Talk can reveal the Pinnacle boutique has nabbed Peregrine Capital portfolio manager Matthew Thomson.

  • Capital raising
  • Rinehart-backed Arafura launches cash call, two brokers on ticket

    Canaccord and UBS will oversee the equity raising.

  • Capital raising
  • Two exit Baker McKenzie’s capital markets team

    Street Talk understands Transactional Practice Group partner Cécile Baume and special counsel Stephanie Glass have left the firm. 

  • Mergers & acquisitions
  • Men’s health player Mosh appoints adviser to explore exit options

    Gavin Jacobson’s advisory firm has won the sell-side mandate to explore options for Mosh.

  • Capital raising
  • HMC Capital opens back door to Sigma-Chemist Warehouse deal

    Street Talk understands about 80 brokers tuned in for a lunchtime briefing from the asset manager on Wednesday.

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  • Capital raising
  • Arrow Minerals calls in Delta Lithium exec, taps Euroz for raise

    Street Talk understands the miner has its broker Euroz Hartleys circulating term sheets to investors with a heavy-hitting new board and management team.

  • Capital raising
  • David Di Pilla’s lucky streak at Sigma

    Di Pilla’s HMC will emerge with a board seat and around 3 per cent of the new company, should the deal go through

  • Public transport
  • Ventura bus auction nears destination with preferred bidder in tow

    The Victorian operator, which has been owned by the Cornwall family since 1924, was put up for sale earlier this year by Goldman Sachs.

  • Mergers & acquisitions
  • Angus Aitken backs in Soul Patts’ $3b Perpetual bid

    The stockbroker has told his clients to buy Perpetual, saying the deal makes ‘complete sense’ and urges the board to engage with Soul Patts. 

  • Capital raising
  • Atturra launches $50 million cash call to fund M&A

    The offer price represents a 0.6 per cent premium to the last traded price.