Yesterday
Most directors prefer to be on private boards, and that is a big worry
Sobering new survey findings should worry policymakers, regulators and anyone with an interest in the health and resilience of the country’s listed markets.
Kathmandu, Rip Curl owner in limbo as emergency capital raise drags
KMD Brands said it was unable to publish its financial accounts as planned this week, and was still finalising the details of a low-priced share issuance.
Think private credit fears are overblown? Think again, says Deutsche
Apollo Global Management, BlackRock and Blue Owl have played down concerns about systemic risk in the private credit sector. The German bank isn’t so sure.
This Month
Private credit woes ‘couldn’t be further from the truth’: Apollo
Apollo Global Management president Jim Zelter has hosed down concerns over the viability of the private credit sector, saying media headlines are overblown.
The elusive illiquidity premium forces private assets rethink
The guiding principle that has guided billions of dollars of institutional capital into private assets might not actually exist. That’s led to soul-searching.
Manny Stul, John Hancock lead investors in celebrity fund
Family offices and other well-known businesspeople are piling into a $144 million vehicle that wants to partner with celebrities to launch consumer start-ups.
This PE boss thinks Iran war fallout will shake out ‘zombie’ rivals
Per Franzen, CEO of Swedish private markets group EQT, says he’s on the hunt to snap up assets left behind by thousands of firms he expects to falter.
Ex-KKR China heads negotiate to buy Vitaco, owner of Musashi, Nutra-Life
Barclays and Barrenjoey Capital Partners advised Primavera and Shanghai Pharmaceuticals while Lazard tended to DCP Capital.
Tiny house maker Elsewhere Pods seeks cash after Bunnings debut
It is the third pre-fabricated buildings deal to cross Street Talk’s desk this year, as housing stock shortages and rising construction costs fuel sector growth.
New Zealand’s motor vehicles registry pops up in bankers’ pitch books
While a pitch book mention is miles away from an actual sale process, there are signs suggesting the Kiwis are seriously weighing a sale.
AustralianSuper claims another listed M&A kill with Pepper Money
It was far more AustralianSuper’s lack of support for the ownership change than the deal structure or the volatile markets that killed the deal, sources said.
Private credit crunch: Ares, Apollo cap fund withdrawals
The Ares Strategic Income Fund limited withdrawals to 5pc of shares after clients sought to redeem 11.6pc, according to a letter to shareholders.
Proxy giant CGI Glass Lewis endorses $3.3b Insignia takeover
The 180-year-old wealth manager’s take-private is rating well with institutional proxy advisers and analysts with a retail client base.
New short-attacker’s five-day window to kill a greenwasher
Meet the hedge fund duo launching “short attacks for good”, trying to tank environmental frauds, shonks and spruikers and save the planet for their kids.
Aware Super appoints new head of private equity
He will oversee Aware’s $11 billion PE portfolio, which is the first port for call for many buyout investors hunting for limited partners to anchor new funds.
Ex-Macquarie banker drives mortgage broker roll-up Recludo towards IPO
Tim Brown says attacking the mortgage market niches with a private-equity lens can help increase broker loan books, keeping power from major banks.
Oporto-owner Craveable Brands hires new CEO from Domino’s
No doubt, he would also be tasked with helping Craveable’s owner, PAG Private Equity, secure an exit after seven years of ownership.
Brookfield, BGH Capital rub shoulders in ScotPac’s data room
There are at least eight parties studying Scottish Pacific’s books that sell-side adviser UBS will be hoping to win over before a mid-April deadline.
Don’t take it personally: Bain Special Sits hits hurdle at Infinity
When administrator Teneo officially kicked off proceedings, the would-be acquirers were stopped at the front gate and denied admission to the sale process.
Austal suitor Arlington Capital Partners buys Eptec’s defence unit
The Eptec carve-out comes just months after Arlington Capital Partners’ dealmakers closed their seventh fund (ACP VII) at $US6 billion ($8.44 billion).
