Today
Lone Star makes its presence known to target Orora
Orora has dusted nearly $400 million from its valuation since splashing out $2.2 billion to buy France’s Saverglass last September.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The country’s biggest garbo goes hunting for big ticket M&A in energy
Sources said Veolia has been on the prowl for M&A opportunities within the energy sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Struggling Sims liquidates $435m in assets in strategic reset
Metal recycler Sims has sold two assets as it tries to survive the toughest recycling market in a decade.
- Peter Ker
Nature’s Care sale docs in front of potential buyers; NBIOs due Sept 6
Although the company returned a $23.7 million operating profit in 2023, it has struggled under a heavy debt load and missed a $148 million debt payment last month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Fletcher Building sells Tradelink to one of America’s richest families
Blackfriars is controlled by the secretive Colburn family, and was self-advised.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Orora taps UBS as private capital lurks after $2.2b Saverglass buy
Should Orora’s share price pain attract a bidder, it would end the former Amcor unit’s 11-year stay on the ASX boards.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eyes on Macquarie as opportunistic credit funds circle Bingo
Street Talk understands the debt is again changing hands among a handful of special situation specialists, including debt trading house SC Lowy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Houlihan Lokey tapped for Nature’s Care sale
Street Talk can reveal receivers BDO Australia called in Houlihan Lokey to kick off a sale process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Water quality monitoring start-up Eco Detection lands UK-listed backer
Street Talk can reveal Eco Detection has added London-listed mining services player Capital Limited to its list of backers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
How China upends a country’s entire car market
The overseas push is the next phase in Beijing’s long-term strategy to focus on new energy vehicles and upend the balance of power in the automobile industry.
- Daisuke Wakabayashi and Claire Fu
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
- Max Mason
Spilt milk everywhere as Incitec pivots, again
We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.
- Anthony Macdonald
- Opinion
- Chanticleer
How a global giant plans to get bang for its buck at CSR
One of the ASX’s oldest companies, CSR, went out with a bang; now the games start over. This is how Saint-Gobain plans to make it in Australia.
- Anthony Macdonald
Ferrari’s first electric car may cost more than $800,000
By the end of the decade as much as 80 per cent of the car maker’s new vehicles could run on batteries. The first is scheduled for 2025.
- Bernhard Warner
Bain refused to sign Bapcor’s NDA/standstill in return for engagement
If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Manufacturing Winner
- Sustainability Leaders
How Amcor gave us guilt-free cream cheese
Soft plastics are piling up in warehouses around Australia. Amcor says it has a solution, taking out the Manufacturing category.
- Sylvia Ramsey
- Special Award
- Sustainability Leaders
Showing the way: Major brands embrace new recycling symbols
Making it easier for households to recycle packaging for food and consumer goods has won Australasian Recycling Labels a special award for Education Enabler.
- Alexandra Cain
- Analysis
- Sustainability Leaders
How Sustainability Leaders entrants were assessed
Submissions came from ASX20 companies and multinationals, early-stage ventures and public institutions, and were scored against four measurements.
- Rebecca Russell
