Simon Segal

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.

Nov 28, 2024 | ionanalytics.com | Simon Segal |Rupert Cocke |Lloyd Vassell

Australia’s leaky M&A market is worrying market regulators. One of the most notorious examples came last year, during a deal involving Nitro Software, when a newspaper published the names of the regulators on Australia’s Takeovers Panel that were scrutinising the transaction. As a result of disclosures like this, both the Takeovers Panel and the Australian Securities and Investments Commission (ASIC) have expressed concerns about drops of confidential deal information through backchannels.

Oct 17, 2024 | ionanalytics.com | Simon Segal |Keane Hoo

Speaking at Mergermarket’s M&A Forum in Sydney this week, Shaun Manuell, Head of Australian Equities at AustralianSuper, Australia’s largest fund manager, suggested IPO conditions in Australia are pretty good with keen sellers, buoyant markets and attractive interest rates. He explained why IPO activity is nevertheless subdued, pointing to poor products and reluctant buyers where the market has matured and is more discerning about better quality products.

Aug 9, 2024 | ionanalytics.com | Simon Segal |Keane Hoo

ASIC will consult industry on any proposed changesAdvisors supportive of enhanced monitoringAustralian equity market relatively cleanAustralia’s ASIC, which has publicly voiced concerns about deal leaks to media, is looking at practices in other jurisdictions as it is enhancing scrutiny in the Australian market, according to a spokesperson for the corporate watchdog.

Jul 29, 2024 | ionanalytics.com | Simon Segal |Arezki Yaiche |Luuk de Klein |Keane Hoo

Proposed divestments may not quell regulator’s concerns in fullAntitrust approvals already obtained in France, GermanyOngoing FDI reviews in Europe shouldn’t pose major hurdlesBrookfield’s[NYSE:BAM, TSX:BAM] proposed acquisition of French renewable energy producer Neoen [EPA:NEOEN] is likely to face tough questions from Australia’s competition watchdog – despite the bidder having already submitted a remedy proposal, according to two sources familiar with the situation and an independent lawyer.