Business News Australia

Business News Australia covers important business updates across the nation, with a particular emphasis on local developments. The outlet provides timely news as it happens, along with stories of business successes, innovative leaders pushing boundaries, and companies thriving in the market, regardless if they are emerging startups or well-established public firms. Staffed by a committed group of business journalists, Business News Australia delivers exceptional insights into the accomplishments of top entrepreneurs, executives, and industry influencers.

National

English

Online/Digital

Outlet metrics

Domain Authority

Ranking

Global

#640033

Australia

#20390

Finance/Investing

#232

Traffic sources

Monthly visitors

Articles

Keybridge secures $9.3m loan from WAM amid Yowie spat

2 days ago | businessnewsaustralia.com | Matt Ogg

Wilson's camp at WAM Active Limited (ASX: WAA) took control of the board at Keybridge - where it has a 45 per cent stake - in April when a court confirmed the result of a February shareholder vote that removed three directors including Bolton, whose Australian Style Group owns 19.05 per cent of the company.
Tetratherix launches $25m IPO for regenerative biotech

2 days ago | businessnewsaustralia.com | Matt Ogg

Already backed by Radar Ventures' Atlanta Daniel and Rod Drury, the founder of Xero (ASX: XRO), the company has completed multiple trials of its patented Tetramatrix and is targeting the markets of bone regeneration, tissue spacing and tissue healing. Tetratherix chair Emma Cleary says the current total addressable market for these applications alone is US$6.8 billion ($10.4 billion). The company's expected market capitalisation, at an initial public offering (IPO) price of $2.88, is $145 million.
Cargill acquires remaining 50pc stake in beef processor Teys

3 days ago | businessnewsaustralia.com | Matt Ogg

Multi-generational Australia beef processing company Teys will pass fully into US ownership after Minnesota-based multinational Cargill reached a deal to acquire the remaining 50 per cent stake it does not already own for an undisclosed sum. Brisbane-based Teys' operations date back more than 75 years, but its Teys Australia and Teys USA businesses have operated through a joint venture with Cargill since 2011 when James Packer's Consolidated Pastoral Holdings exited the company.
Maggie Beer Holdings sells Paris Creek Farms

3 days ago | businessnewsaustralia.com | Matt Ogg

Katoomba, which goes by the name KG Foods and distributes a wide range of international brands including Al Wadi, The Rice Company, The Spice People, Maggi and Pangkarra, will also assume PCF's liabilities including staff entitlements. The transaction compares to the $34 million paid to PCF's founders Helmut and Ulli Spranz in December 2017 by Longtable Group, in addition to paying all of the company's $7.6 million in bank debt at the time.
Bolton further dilutes Wilson's stake in Yowie

4 days ago | businessnewsaustralia.com | Matt Ogg

Geoff Wilson's WAM Active (ASX: WAA) is attempting to take the reins of Yowie via the investment vehicle Keybridge (ASX: KBC), where in tandem with media mogul Anthony Catalano he wrested control from Bolton in April - a move that was validated by a Supreme Court ruling that Bolton unsuccessfully appealed.
Mayfield Childcare contests board shake-up attempt

4 days ago | businessnewsaustralia.com | Matt Ogg

The Genius Education Group, which this year has had two affiliated companies that own the majority of its childcare centres enter administration, is by far the largest shareholder in Mayfield and is owned by its sole director Darren Misquitta. It is a position that Misquitta and Genius secured as part of a $39.2 million deal in 2021 to sell 14 childcare centres to Mayfield, comprising a mix of cash and more than $31 million in shares.
Drinks dispensing startup Refilled expands to Singapore

4 days ago | businessnewsaustralia.com | Matt Ogg

Refilled's first Singaporean customer is The Working Capitol, a co-working space in the city-state with 800 members. "We encourage our members and community to adopt more conscious behaviours right where they work," says The Working Capitol co-founder and CEO Ben Gattie. "With sustainable partners like Refilled, who champion the circular economy, we align with the Singapore Green Plan 2030.
Aitken Mount commits $550m to Soul Patts-Brickworks merger

6 days ago | businessnewsaustralia.com | Matt Ogg

Sydney-based boutique investment advisory firm Aitken Mount Capital Partners has fully underwritten $550 million in commitments for new shares in the combined company, conditional on the merger going ahead. Because Soul Patts owns 43 per cent of Brickworks and the latter also owns 26 per cent of the former, both companies have taken steps to ensure the deal is assessed by independent parties and will be excluded from voting their shares in the respective schemes.
PolyActiva raises $40m for glaucoma treatment tech

1 week ago | businessnewsaustralia.com | Matt Ogg

Funds from the round, which also includes leading Australian biotech venture capital firm Brandon Capital, will also go towards growing PolyActiva's highly skilled workforce and completing its phase 2b clinical trial. PolyActiva claims its Prezia technology - which merged from research conducted at the CSIRO, Bionics Institute and Centre for Eye Research Australia - enables precise, consistent, customisable and effective delivery of ocular therapies for glaucoma and other eye diseases.
RSM to acquire Melbourne insolvency firm Brooke Bird

1 week ago | businessnewsaustralia.com | Matt Ogg

Brooke Bird partner Adrian Hunter will be appointed as a partner of RSM Australia when the merger is completed on 2 June, while the acquired company's other partner Robyn Erskine AM will come on as a consultant. RSM Australia chief executive partner Jamie O’Rourke highlights Brooke Bird's support for businesses in financial distress for more than 50 years, with a strong reputation and local market presence in Melbourne that make the firm an ideal strategic and cultural fit.