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Mergers & acquisitions


Gina Rinehart may have found herself another lithium darling.

Euroz hoovers up Azure Minerals stock after bid; eyes on Rinehart

Stockbroker Euroz Hartleys was hoovering up shares in lithium play Azure Minerals on Monday morning, after the company signed a binding deed with Chilean giant SQM at $3.50 a share.

  • 5 mins ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport
Webcentral is divesting assets.

Webcentral to divest assets for $165m; MacCap on ticket

Webcentral has struck a binding deal to sell a majority stake in some of its assets for circa $165 million.

  • 1 hr ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport
Origin Energy’s Frank Calabria has overseen the group’s return to more normal levels of profitability, fuelling calls for Brookfield and EIG Partners to pay more.

Inside Origin’s $18.7b game of M&A bluff

Origin Energy’s takeover is unlike any major deal we’ve seen in the past decade. The ball is firmly in Brookfield and EIG’s court.

  • 1 hr ago
  • Anthony Macdonald


Damstra executive chairman Johannes Risseeuw and CEO Christian Damstra each own about a 10 per cent stake in the company.

Plenty of interest in Damstra as overseas software firms circle

The company sells an enterprise protection platform that targets worker safety, risk management and compliance for clients such as New Hope and Glencore.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport
KIIS’s star radio hosts Kyle and Jackie O.

Nick Bolton attempts to thwart Southern Cross takeover

ARN Media and Anchorage Capital Partners’ proposed acquisition of Southern Cross has already hit a major hurdle.

  • Zoe Samios and Sam Buckingham-Jones
Rich Lister Raphael Geminder launched a buyout offer for the rest of Pact Group in mid-September.

Rich Lister angry over independent expert’s Pact valuation

Raphael Geminder’s Kin Group, which is trying to buy out the rest of the packaging group, says the Middle East conflict will make things tougher for Pact.

  • Simon Evans

The favourite lunch spots of Sydney’s top bankers

End-of-deal lunches are thinner on the ground these days, but still, bankers have to eat. Here are their top lunch spots in Sydney.

  • Aaron Weinman and Jemima Whyte

This Month

Owners of EastLink will collect first-round bids in late November.

France’s Vinci test drives banks for EastLink tilt; Transurban digs in

Paris-headquartered concessions player Vinci Group has begun meeting with investment banks for a potential buy-side mandate.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Cura Day Hospitals has seen its fair share of ownership changes in its 15-year-long life.

Ding ding! Round two under way for $500 million-plus Cura auction

The $11.4 billion private hospital operator looks at plenty of deals and isn’t likely to get into a sword fight with overzealous private equity.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
James Liang, CEO and founder of Myhealth Medical Group.

Myhealth founder closes in on Crescent’s home doctor business

It is understood James Liang is working with MA Financial Australia on his tilt for 24-7 Healthcare.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Queensland Airport Limited’s owners are ready for takeoff.

MacCap flies into sell-side lineup at Queensland Airports; 74pc for sale

Potential investors are being told to expect flyers as early as Tuesday.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
US petrol prices have driven a surge in the country’s inflation.

Chevron to buy Hess for $84b in second oil mega-merger in weeks

The proposed deal raises the competition between Chevron, the No. 2 US oil and gas producer, and Exxon.

  • Reuters
Kelly Lippman, owner and creative director of Olga Berg, is hanging up the for sale sign.

Handbags at dawn: FTI puts Olga Berg on the block

The bag maker is targeting $10 million plus revenue and $3.4 million EBITDA by FY26, looking to strategic partnerships and expanding its online presence for growth.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Lithium takeovers ignite the Pilbara

One week after lithium giant Albemarle abandoned its Liontown takeover, South American lithium giant SQM is making moves of its own.

  • Peter Ker
Jan Pacas, founder of All G Foods, has spun out his plant-based meat business and merged it with Fenn Foods.

Plant-based meat start-up consolidation begins with merger

Two rival plant-based meat manufacturers have merged, the first deal in an expected wave of consolidation.

  • Jessica Sier
Bankers are watching political relations between China and Australia thaw, but say it is too early to count on an increase in Chinese investment just yet.

More thawing needed to tempt Aussie bankers to Shanghai’s bars

A decade ago, a bankers’ roadshow wasn’t complete without a stop in the Chinese capital and financial hub. They were the good old days of restaurants in high places.

  • Anthony Macdonald
Propel Funeral Partners is Australia’s No.2 player in funerals and cremations and listed on the ASX in 2017.

Funerals group Propel says buyout offers too cheap

Australia’s No.2 funerals group, Propel Funeral Partners, has received ‘multiple’ buyout proposals but none have been compelling enough to start talks with suitors.

  • Updated
  • Simon Evans
ASIC chair Joe Longo.

Short-staffed ASIC has gone ‘MIA on M&A’

The corporate watchdog is accused of under-resourcing scrutiny of mergers and acquisitions, company fundraisings and sharemarket listings.

  • Ronald Mizen
Rich Lister Raphael Geminder launched a buyout offer for the rest of Pact Group in mid-September.

Takeover target Pact cuts 175 jobs, pursues asset sales

Rich Lister Raphael Geminder’s miserly buyout offer for the packaging group is struggling to gain traction.

  • Simon Evans

Collapsed Providoor re-emerges, bringing celeb chef meals to your home

The high-end restaurant marketplace has been scooped up by Sam Benjamin, who runs Sydney-based Seventh Street Ventures.

  • Paul Smith