Latest news with #StreetTalk
AU Financial Review
2 days ago
- Business
- AU Financial Review
Adelaide Airport shareholder launches auction for 15.3pc stake
Mitsubishi-owned Igneo Infrastructure Partners has launched a sale of its 15.3 per cent stake in Adelaide Airport, in a deal that could see it valued at close to $4 billion and follows ownership shake-ups at nearly a dozen Australian airports over the past 12 months as falling interest rates lift valuations. Street Talk can reveal Igeno has mandated Barrenjoey Capital Partners' infrastructure bankers to find a buyer for its 15.3 per cent stake in Adelaide Airport, which carried 2.1 million passengers in the March quarter. The sale includes the neighbouring Parafield Airport, alongside which it was privatised in 1998 under a 99-year-lease for about $467 million.
AU Financial Review
2 days ago
- Business
- AU Financial Review
Soul Patts, Brickworks agree to $14b merger; $500m raise launched
Investment house Soul Patts is set to merge with Brickworks, forming a $14 billion ASX-listed investments, private capital, property and building products giant, Street Talk understands. Chairman Robert Millner at the Washington H, Soul Patts AGM in 2023. Peter Rae One of the world's biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management's alignment with shareholders is good. Under the deal, Carlyle and Varde has committed to injecting $50 million to $60 million to allow for a full refinancing and to leave Bis with some working capital. See all Washington H Soul Pattinson & Company news
AU Financial Review
2 days ago
- Business
- AU Financial Review
Soul Patts set to merge with Brickworks; $500m raise launched
Investment house Washington H. Soul Pattinson is set to merge with Brickworks, forming a $14 billion ASX-listed behemoth, Street Talk understands. Chairman Robert Millner at the Washington H Soul Patts AGM in 2023. Peter Rae One of the world's biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management's alignment with shareholders is good. Under the deal, Carlyle and Varde has committed to injecting $50 million to $60 million to allow for a full refinancing and to leave Bis with some working capital. See all Washington H Soul Pattinson & Company news
AU Financial Review
27-05-2025
- Business
- AU Financial Review
Meet the UK hedge fund emerging as Healthscope's kingmaker
As Healthscope slides into receivership after nearly 18 months of high-stakes negotiations, it's not local deals junkie David Di Pilla that is calling the shorts but a secretive London-headquartered hedge fund. Street Talk can reveal Polus' dealmakers are expected to land in Australia next week to meet with key decision makers at Healthscope, after cornering about $300 million of its $1.6 billion debt. That holding makes it one of Healthscope's biggest lenders – miles ahead of rivals like Josh Friedman's Canyon Partners which owns about $50 million to $100 million – and gives it considerable weight in the vote that would be needed to approve or block any asset sales from the receivership.
AU Financial Review
18-05-2025
- Business
- AU Financial Review
Sushi Sushi's PE owners prepare to sell sprawling fast food business
Odyssey Private Equity has stacked up enough plates, and it's ready to bring its 190-store-strong Japanese quick service chain Sushi Sushi to the register. The buyout firm, managed by George Penklis, Gareth Banks and Paul Ready, is preparing Sushi Sushi for the conveyor belt and to glide past a lineup of hungry suitors after fielding inbound approaches, Street Talk can reveal.
