Yesterday
Five V Capital’s deal makers chase $700m for fifth buyout fund
Adrian MacKenzie and Srdjan Dangubic’s Five V Capital is donning the hard hat to raise $700 million for their fifth buyout fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Private debt player Revolution AM poaches BofA banker for PM
Pratik Joshi, a Sydney-based vice president in Bank of America’s asset backed securities division, has deflected to work alongside Revolution’s founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Navis Capital’s Device Tech rules off $400m debt deal
Street Talk understands the $400 million was underwritten by Commonwealth Bank and Westpac last week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Regional pubs roll-up Harvest Hotels combines two funds; preps exit
Prospective backers are being told to think of a liquidity event within 36 months, and circa 19 per cent IRR to exit.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
This video game maker was Australia’s big hope. It’s on life support
Mighty Kingdom has burned through $35 million in two years and has tapped the market for $1 million more to keep the lights on.
- Jessica Sier
Iconic fruit and vege biz SPC launches targeted capital raise
The 100-year-old company is seeking to raise up to $20 million from investors, but they must be residents of Victoria’s Goulburn Valley region.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX kicks off meetings for bond deal; three banks mandated
The exchange is in the market with a 3-year Australian dollar, senior unsecured, floating rate benchmark transaction to fund future capital expenditure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anteris Technologies raising $40m; Evolution Cap on ticket
The company was offering shares at $20 apiece, which was a tight 3 per cent discount to Anteris’s last close, for a minimum $40 million raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Call centre AI pivot (and AWS surge) helps Local Measure raise $7.9m
The Funded blog is the new home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
Ticketek-owner TEG seeks $700m in dividend recap; taps Goldman Sachs
TEG’s private equity owner, Silver Lake, has begun meeting with lenders for a dividend recapitalisation that would see it lean on debt to cut itself a cheque.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Credit Suisse’s head of research pops up at Canaccord Genuity
The mid-cap specialist broker is bulking up its equity research team with two new hires.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Liontown equity raise underwritten for $375m at $1.80 a share
It’s down the short strokes at Liontown Resources’ emergency capital raising.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Patrick Grove-backed proptech seeks equity injection
Street Talk understands commercial property marketplace Sidespace is seeking a $2.5 million cash boost from new and existing investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Whitehaven investor sells $157m worth of stock after BHP win
Someone on Whitehaven Coal’s register isn’t too happy about the ASX-listed miner clinching a deal to buy BHP’s Daunia and Blackwater coal mines for $US3.2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Funding
Employment Hero secures $263m in year’s biggest capital raising
The human resources technology firm has shrugged off depressed private tech market sentiment and is now valued at just shy of $2 billion.
- Paul Smith
Gut health biotech Microba seeks $20m to fund UK acquisition
The company its brokers Bell Potter and Morgans rounding up offers at 23¢ a piece.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Liontown begins crossings for $400m equity raise; touts $760m debt
The lithium developer has begun emergency capital raising and government agency Export Finance Australia is cited as one of the lenders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NZ VC seeks to offload Devoli stake; calls in Bell Potter
Street Talk understands venture capital fund Punakaiki Fund is seeking to offload its controlling stake in the NZ-born broadband connection provider
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hello Alpine Capital: Wentworth Securities tips deal flow after tieup
Alpine is expected to start marketing a new initial public offering next month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KIIS FM owner ARN Media teams up with PE to bid for Southern Cross
The move comes four months after ARN Media raided Southern Cross’s register via Jefferies’ equities desk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
