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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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Yesterday

  • Capital raising
  • Atomo Diagnostics in cash call following Lumos FDA decision

    FDA approval was granted to Lumos on Friday, prompting Atomo to launch the cash call via an institutional placement.

  • Capital raising
  • NextDC ices $500m data centre bond deal after pricing disappoints

    Shares fell more than 6 per cent after the Craig Scroggie-led company, the country’s largest listed operator, decided to push back its approach to debt markets.

    This Month

  • Citigroup
  • Citi hires senior metals and mining analyst

    Thiago Ojea is relocating to Citi’s Sydney offices after working at Apex Capital in Brazil, where he was a partner and senior analyst focused on global commodities.

  • Capital raising
  • Vantage Point AM courts big super for Vietnam financial hub

    The Singapore-headquartered investment manager met with superannuation funds in Melbourne this week to raise funds for Vietnam’s International Financial Centre.

  • Superannuation
  • Fund managers caught up in Aware, TelstraSuper $237b merger

    Western Asset Management and IFM Investors have copped a redemption in the merger of Aware Super and TelstraSuper, Street Talk understands.

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  • Capital raising
  • BlackRock-backed Akaysha Energy powers up for buyer search

    Akaysha’s big ambitions have required big-ticket spending, with the company raising hundreds of millions in debt to finance construction of its batteries.

  • Capital raising
  • 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.

  • Capital raising
  • Weebit Nano preps $100m cash call

    The fundies were yet to receive the final terms and the joint lead manager line-up was yet to be finalised as of Thursday morning. 

  • Capital raising
  • 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.

  • Capital raising
  • Former Disney chairman’s VC firm backs Kiwi start-up

    WndrCo, the $US2.8 billion venture capital fund founded by former Walt Disney Studios head Jeffrey Katzenberg, now owns 4.7 per cent of Partly.

  • Mergers & acquisitions
  • 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.

  • Capital raising
  • Maas founder’s shares crossed via JPMorgan

    Around 15 million shares in the company were crossed at $4.31 per share – a 14 per cent discount on the prior day’s $5 close price.

  • Mergers & acquisitions
  • 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.

  • IPO
  • Firmus tees up non-deal roadshow around the globe ahead of IPO

    The company’s management is scheduled to meet with potential investors across the US, UK and Asia, as well as make domestic pit stops.

  • Future Fund
  • Another one bites the dust at Future Fund

    A week after the exit of two private markets investment chiefs, the $267 billion fund’s overlays director Simon Fraser is also out the door.

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  • Mergers & acquisitions
  • 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.

  • Morgan Stanley
  • High fees and office feuds dog Morgan Stanley WM leavers

    Granite Bay, the freshly minted private wealth business spearheaded by ex-Morgan Stanley advisers, has some skeletons in its closet.

  • IPO
  • Auckland’s BlackBull charges at dual listing; BJ, UBS tee up roadshow

    A bunch of Sydney fund managers checked into UBS’ Chifley Tower offices on Monday to hear founders Michael Walker and Selwyn Loekman debut their IPO pitch.

  • IPO
  • Biotech HaemaLogiX prepares for ASX debut; taps Ord Minnett, Canaccord

    When equity markets are settled, Ord Minnett and Canaccord Genuity are ready to pull the trigger and will probably sound for a $20 million to $25 million capital raising.

  • Aware Super
  • 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.