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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, Anthony Macdonald and Kanika Sood.

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Today

  • IPO
  • Bombora spears into NZ with Javln deal

    Australian pre-IPO investor Bombora Investment Management has crossed the Tasman for its first deal in New Zealand.

  • Capital raising
  • Listed explorer Marmota Limited in share placement

    Listed South Australian explorer Marmota Limited was asking investors to tip in $5 million for work at its projects.

  • Capital raising
  • Macquarie, UBS launch ANZ Bank’s $3.5b raising

    ANZ Banking Group shares won’t trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising. 

  • Mergers & acquisitions
  • InfraRed, Northleaf win Vodafone NZ towers auction

    InfraRed Capital Partners and Northleaf Capital Partners have signed a $NZ1.7 billion deal to invest in telecommunications towers owned by Vodafone NZ. 

    Yesterday

  • ANZ Bank
  • ANZ pushes for shareholder friendly $3.5b raising

    ANZ Banking Group’s board has pushed back against nervy underwriters, demanding a renounceable entitlement offer for its $3.5 billion equity raising slated to launch on Monday morning. 

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  • Mergers & acquisitions
  • EML Payments keeps bankers close as swoopers circle

    The sharks are circling bombed out EML Payments – but much to their chagrin the company’s board hasn’t been all that keen to take them seriously. 

  • IPO
  • Ord Minnett, Wilsons brokers join bankers, lawyers at BioPak

    Food packaging maker BioPak has boxed up its team for a run at the ASX-boards, although will likely have to wait until next year before putting a deal to listed equities investors. 

  • Mergers & acquisitions
  • Bain, Nomura bankroll TA bid for Kiwi Wealth

    Suitors have been told the retirement savings outfit and its bankers should have a winning bidder this week.

  • Bendigo and Adelaide Bank
  • Bendigo Bank left waiting on Suncorp’s doorstep

    While ANZ Banking Group homes in on a deal to acquire Suncorp’s bank, junior rival Bendigo and Adelaide Bank is stuck on the sidelines looking increasingly frustrated. 

  • Mergers & acquisitions
  • ANZ’s Suncorp bank bid worth $4.9b

    ANZ Banking Group has offered $4.9 billion to buy Suncorp’s bank, with the deal on track to be signed and announced on Monday morning.

  • Media & marketing
  • News Corp elevates ex-Citi banker to deputy CFO

    Andrew Cramer’s decision to quit banking and head to New York with News Corporation appears to be working out.

    This Month

  • ANZ Bank
  • ANZ closes in on deal to buy Suncorp Bank; preps $3.5b raising

    ANZ Banking Group and Suncorp Group are close to pulling off the biggest Australian banking deal in more than a decade. 

    • Updated
  • Mergers & acquisitions
  • FTI extends Collection House final bids; 22 parties in data room

    Broke debt collector Collection House’s administrators have given suitors another five days to firm up their bids.

  • Mergers & acquisitions
  • Rex buys Cobham Aviation’s FIFO unit

    ASX-listed Regional Express Holdings has reached an agreement to acquire Macquarie Capital’s Cobham Aviation Services Australia’s regional services arm.

  • Private equity
  • Carlyle, PEP squeeze bidders for quickfire iNova offers

    Prospective buyers for pharmaceuticals group iNova need to hustle.

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  • Capital raising
  • Morgan Stanley taps Regal, three offshore managers for pre-IPO fund

    Morgan Stanley’s Australian private bankers have whizzed around the world to find three pre-IPO fund managers to sit alongside local favourite Regal Funds Management in a new fund.

  • Capital raising
  • Ground control, Major Tom: CSIRO-backed Quasar preps capital raising

    CSIRO-backed space startup Quasar Satellite Technologies is testing investor appetite for a $10 million raising to bring forward production of its ground stations for satellites.

  • ANZ Bank
  • ANZ puts hand up for Suncorp Bank: sources

    The Melbourne heavyweight has a team talking to Suncorp about its banking arm.

  • Rare earths
  • Taylor Collison launches Heavy Rare Earths IPO; cornerstones locked

    Taylor Collison is towing WA explorer Heavy Rare Earths to the ASX boards, with its mining investors Martin Holland and David Hannon expected to top up their existing shareholdings.

  • Mergers & acquisitions
  • Barrenjoey analysts question ANZ’s rationale for acquiring MYOB

    Jon Mott and Minh Pham were struggling to find a strategic rationale for ANZ to make the $4 billion-odd purchase.