Kanika Sood

Sydney

Financial Journalist at Financial Standard

Financial journalist. I love tiramisu and nutgraphs. [email protected]

Articles

Allied Gold $CAD160m deal shopped to local investors

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

East coast fundies woke up to an early Easter present on Thursday – a $C160 million deal in Toronto listed and US private equity firm-backed gold miner Allied Gold. Investors, nervous about US President Donald Trump’s plans for additional trade tariffs, sought safe haven in gold this week. Arsineh HouspianLoading...
Zijin Mining adds funds to Strickland’s coffers, takes stake

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

Chinese mining giant Zijin Mining has taken a strategic interest in Strickland Metals, as the ASX-listed explorer seeks to expand its Serbia and Western Australian-operations. Zijin will invest $5 million to acquire 2.4 per cent of the Western Australia gold and base metal explorer via a strategic placement launched on Thursday. Loading...
Abu Dhabi Investment Authority to sell Transgrid stake; hires advisers

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

We’re in the thick of it at Transgrid, the NSW electricity transmission company which has been at the centre of two major ownership shakeups this year. Now, a third is looming. Weeks after the Canadian pension giant OMERS sold a portion of its holding to Australia’s sovereign wealth fund Future Fund, Street Talk understands Abu Dhabi Investment Authority’s Tawreed Investments is seeking to shift its entire 19.99 per cent position. Loading...
WAM Income Maximiser raise misses the mark

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

It’s pens down on the WAM Income Maximiser initial public offering. Wilson Asset Management has a retail investor network of more than 130,000. Ben Searcy. Loading...
Mike Cannon-Brookes needs $157m for SunCable; flyer hits inboxes

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

MA Moelis Australia is back for a second round with Mike Cannon-Brookes’ ambitious renewable energy venture SunCable — this time to raise capital for its Australia-Asia Power Link. Two years after Paul Rathborne and co. were tapped to shop the business, once jointly owned by Fortescue chairman Andrew Forrest, the team is in inboxes with another investment flyer. Loading...
BlackRock makes inroads into self storage, eyes fast-growing local biz

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

While the market’s attention was locked on ASX-listed Abacus Storage King’s $1.93 billion takeover offer, BlackRock – the world’s largest asset manager – was quietly cutting a deal elsewhere in the booming sector. Street Talk understands BlackRock is poised to acquire StoreLocal, a privately owned player that’s built a $300 million-plus portfolio across Australia.
Galan Lithium, Tesoro Gold launch capital raisings

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

It was resources o’clock on the ASX on Tuesday morning. Galan Lithium’s Argentinan projects are next to tenements owned by Rio Tinto. Loading...
West African gold producer Robex launches IPO, $120m raise

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
Anchorage Capital Partners meets with lenders at laundries business

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

Specialised Linen Services’ lenders are scrubbing up on the private equity-backed commercial laundry and dry-cleaning business as its owners hunt for additional funding. Street Talk understands Anchorage Capital Partners, which acquired its stake in SPL for about $300 million in September 2018, began meeting with the linen company’s main lenders last week. Loading...
Five V appoints Goldman Sachs to run $500m-plus Automic sale

1 week ago | afr.com | Sarah Thompson |Kanika Sood |Emma Rapaport

Street Talk reported on Sunday that Five V had issued a request for proposal for its minority stake in share registry services company Automic Group. While sources said almost every major investment bank pitched for a role – Barrenjoey, UBS, Macquarie, Jefferies, Goldman Sachs and Jarden – it hasn’t taken long for a winner to surface. This column understands Five V have appointed Goldman Sachs to sell the fast-growing business, which is expected to fetch $500 million-plus at auction.