Brett Cole

Big year for private equity Down Under

Bankers and lawyers have been busy securing mandates with private equity firms, including TPG and PEP.

Australia’s equity market is shrinking: Credit Suisse

Credit Suisse analysts say equity retiral is now greater than equity issuance.

Ausgrid, Endeavour reject bids for metering business

The NSW state owned electricity networks said the final two bids for the businesses were too low.

Treasury Wine staves off takeover threat

CEO Michael Clarke indicates he is seeking to fix the business, not entertain takeover offers.

Healthscope to kick off $2.5bn IPO roadshow

Company executives will meet with investors around the world as part of the biggest Australian IPO since QR National in 2010.

Lazard, Deutsche Bank poach infrastructure expertise

Investment bankers with infrastructure know-how are sought after talent Down Under.

ASX fees in line with peers, consultant says

Oxera, hired by the ASX, says the stock exchange’s clearing and settlement costs are in line with similar markets, a finding disputed by Chi-X.

Envestra, APA not in contact after rival bid accepted

Envestra managing director Ian Little has had no discussions with shunned suitor and top shareholder APA, and says cash is king.

Defence work pays off for Goldman Sachs

The investment bank -- adviser to targets Envestra and Aquila Resources -- is often the 'go to' bank for boards faced with a hostile takeover offer, or competing takeover bids.

Antares warns Lone Star wants control

Antares says 5% stakeholder Lone Star is running a media campaign rather than constructively engaging with management as it engineers a board shake up.

States need to co-ordinate asset sales: RBC

The co-head of RBC’s investment banking business in Australia warns that states need to plan their infrastructure asset sales to help support prices.

Spotless ends UBS’ stabilisation role

The surge in Spotless shares and the purchase of a 10pct stake by a fund manager has given the company confidence it no longer needs a stabilisation agent.

FIRB relaxed on takeovers: Allens

The Foreign Investment Review Board has only knocked back takeovers in rare cases, says a partner at law firm Allens.

Targets demand reverse break fees

Reverse break fees, where the bidder offer to pay money if it walks away from a transaction, are becoming increasingly popular.

O’Brien to leave Minter Ellison for Anchorage

The Minter Ellison partner is going to work as an investor for leading Australian turnaround firm Anchorage.

Potential bidders circle Treasury Wine

Private equity and beverage producers are running the ruler over Treasury Wine Estates.

PAI Partners buys Peters Ice Cream

Pacific Equity Partners sold the ice cream maker to European private equity firm PAI for an undisclosed sum.

New leaders at UBS keep their feet on the ground

Anthony Sweetman, promoted to head of investment banking in Australasia at UBS, has a down-to-earth approach to deal-making.

Citigroup’s investment banking push reaps dividends

Tony Osmond and Aidan Allen lead a revival of Citi’s investment banking in Australia in an effort to match the company’s trading and distribution businesses.

Target SAI gives PE better reception than Treasury Wine

Pacific Equity Partners is pushing to get exclusivity in negotiating a potential deal with SAI Global after hearing whispers of the disquiet between the board and CEO.

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