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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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Today

  • Mergers & acquisitions
  • Euroz hoovers up Azure Minerals stock after SQM’s $1.6b bid

    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.

    • 2 mins ago
  • Mergers & acquisitions
  • 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
  • Endeavour Group
  • Angus Aitken visits high-end Dan Murphy’s and finds too much champagne

    The high-profile stockbroker has told clients he does not know what the strategy is behind the Endeavour-owned liquor retailers pivot to high-priced bottles.

    Yesterday

  • Mergers & acquisitions
  • 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
  • Capital raising
  • 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.

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  • Capital raising
  • 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.

  • Capital raising
  • 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.

  • IPO
  • AirTrunk calls in boardroom heavyweight amid IPO prep

    Data centre tearaway AirTrunk has drafted in Fortescue deputy chairman Mark Barnaba to chair its board, just as it begins preparations for what could be a $10 billion IPO.

  • Capital raising
  • 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.

    This Month

  • Mergers & acquisitions
  • 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.

  • Mergers & acquisitions
  • 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.

  • Investment banking
  • MST Financial signs veteran banking analyst Brian Johnson

    Long-serving banking analyst has resurfaced six months after he left US investment bank Jefferies.

  • Mergers & acquisitions
  • 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.

  • Investment banking
  • Credit giant Ares hires new partner

    Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.

  • Mergers & acquisitions
  • MacCap flies into sell-side lineup at Queensland Airports; 74pc for sale

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

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  • Mergers & acquisitions
  • 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.

  • Capital raising
  • 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.

  • National Australia Bank
  • NAB swings the axe in markets division; thins out commodities team

    Street Talk understands the bank has let go of Ivan Colhoun, its chief economist for corporate and institutional banking.

  • Capital raising
  • 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.

  • Capital raising
  • 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.