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1 month ago | 
ionanalytics.com | Simon Segal |Maggie Yueyang |Mansi Gandhi |Danni Sun
Buoyant M&A activity in Australia’s gold sector is largely being driven by the gold price, producers’ needs to ‘buy’ ounces, and the need for scale, said industry executives and advisors. Against this is the challenge of valuation and social issues. In what is the fourth proposal for an Australian listed gold miner this year, earlier this month Ramelius announced a dual scheme/takeover deal structure to acquire Spartan, implying a fully diluted equity value for Spartan of AUD 2.4bn.
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Sep 9, 2024 | 
ionanalytics.com | Maggie Yueyang |Manu Rajput |Keane Hoo
News (Intelligence) M&A volume in Australia’s fund management space is bouncing back from a tough 2023, with a need for scale and new capabilities driving dealmaking.
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Aug 28, 2024 | 
ionanalytics.com | Maggie Yueyang |Keane Hoo
News (Intelligence) Second close likely to coincide with new deals, with two currently underway Keen on industrial services, not pushing as hard on public market for Fund II Fund I fully deployed and has completed two full exits, sending DPI to 0.8x Colinton Capital Partners, which pursues private equity buyouts in Australia’s lower middle market, expects to reach an AUD 150m (USD 102m) second close on its second fund by the end of this year, according to Simon Moore, the firm’s senior...
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Jun 28, 2024 | 
ionanalytics.com | Louise Weihart |Maggie Yueyang |Keane Hoo
While fast-food chain Guzman Y Gomez’s (GYG) [ASX:GYG] float on the ASX grabbed the headlines, it is not likely to trigger a long-awaited turnaround of the IPO market as both investors and IPO candidates are waiting for more solid signals to go ahead, according to experts polled by this new service. The quick-service Mexican food chain saw its shares soar to AUD 30 on its 20 June debut, from an IPO price of AUD 22, and now trades at AUD 29, giving it a market cap of some AUD 3bn.
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Jun 20, 2024 | 
ionanalytics.com | Maggie Yueyang |Simon Segal |Keane Hoo
BHP’s [ASX:BHP] pursuit of Anglo American [LON:AAL] is likely to enter a second phase as the Australian miner may not have many alternative targets to fulfil its bet on copper, according to industry sources. BHP on 29 May confirmed it would not be making a firm offer for Anglo American after Anglo declined to extend talks to allow BHP to resolve concerns Anglo had around its final revised proposal. Under British takeover law, BHP has to wait six months before it can reengage with Anglo.
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May 17, 2024 | 
ionanalytics.com | Yiqing Wang |Maggie Yueyang |Wong Ka-Chun |Eva Ng
The owners of Asia Pacific’s leading pallet pooling company Loscam have just revived sale efforts, with UBS as sell-side advisor, three sources familiar with the situation said. Based in Victoria, Australia, the company is majority owned by China Merchants Group, together with private equity firms Trustar Capital and FountainVest Partners. The owners have sent out IMs to sell the whole business as a preferred option, according to the sources.
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Apr 9, 2024 | 
ionanalytics.com | Maggie Yueyang |Manu Rajput |Keane Hoo
Australia’s main stock exchange, the ASX, has long been fertile ground for bidders snapping up undervalued listed companies but the pace of take-private dealmaking in recent months has been remarkable. If the holiday season is taken into account, with the market usually waking from a hiatus after the Australia Day public holiday on 26 January, almost one take-private deal was announced every three days in 1Q24.
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Mar 8, 2024 | 
ionanalytics.com | Maggie Yueyang |Louise Weihart |Kate Kim |Keane Hoo
Private equity (PE) dealmakers in Australia are betting on more bilateral deals in their pipeline as the market bounces back with a more robust deal flow, they told the AVCJ Private Equity Forum Australia & New Zealand in Sydney this week. PE dealmaking interest is picking up as a reflection of the resilience of the Australian economy and the relatively cheaper multiples in this market in comparison with North America and Europe, according to panelists at the forum.
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Feb 5, 2024 | 
ionanalytics.com | Maggie Yueyang |Keane Hoo
Adamantem Capital, an Australian private equity (PE) firm, is starting to plan exits for assets in its Fund I and meanwhile has yet to deploy almost half of its Fund II capital, co-founder and Managing Director (MD) Anthony Kerwick said. The Sydney-based PE firm currently manages two buyout funds: Fund I of around AUD 600m and Fund II of around AUD 800m, with total funds under management (FUM) of around AUD 1.8bn, as confirmed by a spokesperson for Adamantem.
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Jan 8, 2024 | 
ionanalytics.com | Keane Hoo |Maggie Yueyang |Manu Rajput
For tennis lovers, this January in Australia marks the comeback of two former champions – Angelique Kerber and Naomi Osaka – from prolonged breaks from the game. For dealmakers, the big question is whether the M&A market Down Under can serve up a full recovery in 2024 following a deal rally just before Christmas. On 18 December alone, two billion-dollar takeovers made the headlines.
