Bridget Carter

Sydney

DataRoom Editor at The Australian

DataRoom Editor at The Australian

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Articles

Investors in North Queensland Airports, Transgrid and Zenith Energy could buy out their partners

3 weeks ago | theaustralian.com.au | Bridget Carter

The Australian Business NetworkThe sale processes for some of Australia’s most valuable infrastructure assets could result in existing investors taking the businesses over or exerting more control rather than ending up in the hands of new owners. That’s according to speculation in the market, which suggests investors in North Queensland Airports, Transgrid and Zenith Energy could put their hands in their pockets to buy out their partners.
Two more bidders join the hunt for Ravenswood

Jan 30, 2025 | stockhead.com.au | Bridget Carter

Two more bidders have emerged as being in the mix for the Ravenswood gold mine, which is up for sale by Golden Energy and EMR Capital for about $2bn. Lining up to bid for the Queensland gold mine are Indonesian suitors Salim and United Tractors. That’s in addition to Regis Resources, Gold Road Resources and Evolution Mining out of Australia taking a look, and Chinese suitors Zhaojin and Chifeng – along with some names out of Canada.
After Northern Star's $5bn De Grey move, what's coming next?

Dec 3, 2024 | stockhead.com.au | Bridget Carter

Northern Star has finally pulled the trigger on a highly anticipated deal – the purchase of perennial takeover target De Grey Mining with a $5bn offer. DataRoom [at The Australian] reported last month that Northern Star was in a strong position for a buyout, with $358m of net cash, and the most logical target was De Grey, with which the share price movements were somewhat aligned.
Goldman, UBS on the ticket as Amcor swallows Berry

Nov 21, 2024 | stockhead.com.au | Bridget Carter

Australian listed packaging giant Amcor has tapped UBS and Goldman Sachs for its acquisition of global peer Berry Global Group in a scrip merger deal that values the target at about $US8.4bn ($13bn). Working for Berry, one of the world’s largest makers of plastic consumer containers and closures, is Lazard and Wells Fargo. The deal cements Amcor’s position as the largest plastic packaging company in the world.
Online classified business moves begin to get real

Nov 20, 2024 | stockhead.com.au | Bridget Carter

Corporate activity appears to be ramping up among Australasian online classified advertising businesses, with suggestions TPG Capital is eyeing Domain Group and Trade Me is contemplating an initial public offering. Domain Group is the second-largest player in the online real estate sector behind REA Group, which is 61 per cent owned by News Corp, publisher of The Australian [and Stockhead], and working on options for the Australian-listed business is Jefferies Australia.
Two key IPOs are ready to go ahead on the ASX

Nov 12, 2024 | stockhead.com.au | Bridget Carter

Cuscal told the market on Monday it has pre-allocated about $128m in shares to a small group of investors ahead of this month’s initial public offering, which looks set to proceed. The payments company is raising $336.8m for its IPO on November 25. As reported by DataRoom on Friday, Cuscal has lodged its IPO prospectus and has launched its management roadshow. The IPO was priced two weeks ago at $2.50 per share, which gives it a $479m market value.
Payments firm Cuscal begins investor roadshow as it readies for IPO

Nov 6, 2024 | stockhead.com.au | Bridget Carter

Payments infrastructure company Cuscal will start meeting with investors from Friday as party of its formal management roadshow for its $336.8m initial public offering. The deal will be one of the few to come to market this year as investors remain cautious. Also potentially weighing on the result one way or another will be the outcome of the US election.
South Africa's Harmony Gold eyes up $2bn Ravenswood mine

Oct 24, 2024 | stockhead.com.au | Bridget Carter

Harmony Gold Mining is understood to have expressed interest in an acquisition of the $2bn Ravenswood Gold Mine that’s being sold by EMR Capital and GEAR. DataRoom (at The Australian) understands that the $11bn South African-listed gold miner is keen to buy the Queensland asset that Azure Capital and UBS have been appointed to sell.
ASX poised for more IPOs in 2025 as conditions turn

Oct 21, 2024 | stockhead.com.au | Bridget Carter

Looming interest rate cuts along with easing inflation and improved economic conditions will provide companies with greater confidence to undertake initial public offerings, say market watchers, who expect a pickup in activity next year. Several successful IPOs in recent months – including from current market darling Guzman y Gomez, which has rallied 70 per cent since June – is helping to install greater market confidence.
Bridget Carter at The Australian

Oct 21, 2024 | stockhead.com.au | Bridget Carter

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