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1

Tech Macquarie sale of Oceania Healthcare, take three

Part of the attraction for prospective acquirers is Oceania has pockets of premium real estate in Auckland - but it's a finite resources and the current owners have already trousered much of the potential profits. This time around Macquarie and its associates are asking for $550 million to $600 million for Oceania. Sources said the last time Oceania was up for sale Quadrant came close to buying it, but after putting forward its price, the owners demanded more.
Financial Review
03/05
51 Points
1

Tech Citi's media independence not in question

You might be able to fault Citi for a lot of things, but not for their editorial independence. Congratulations go to our deserving colleagues Jonathan Shapiro and Sarah Thompson for winning this year's Citi Excellence in Journalism Award for their coverage of Slater and Gordon's market meltdown following the acquisition of UK law firm Quindell.Citi must have the best Chinese wall in the financial services industry.
Financial Review
01/05
8 Points
1

Goldman Sachs advises HanesBrands on Pacific Brands tilt

There is also likely to be a divestment if the transaction is consummated. HanesBrands outlined on Thursday that it considered the Tontine and Dunlop flooring businesses as having limited strategic fit. Macquarie Capital and Herbert Smith Freehills are advising Pacific Brands. Macquarie's Darren Keogh and David Mustow are on hand for Pacific Brands. The bid was pitched at $1.15 per share in cash, representing a 22 per cent premium to the company's last closing price.
Financial Review
28/04
16 Points
1

Tech Reliance Worldwide launches institutional bookbuild

This represents an offer size of $834.2 million to $918.8 million based on the upper and lower ends of the indicative price range.Reliance is owned by the Melbourne-based Munz family, who acquired the business in 1986, and stand to make hundreds of millions of dollars from the impending initial public offer..  .
Financial Review
27/04
1 Points
1

Reliance Worldwide Corp to raise up to $918.8 million for IPO

Bookrunners JPMorgan and Macquarie Capital are set to release terms for Reliance Worldwide Corp's initial public offering. It is understood the plumbing supplies company will seek to raise $715.1 million to $918.8 million in what would be the biggest initial public offering of the year to date. The IPO is priced at $2.27 to $2.50 a share and values Reliance's equity at $1.19 billion to $1.31 billion. The final price will be determined at a bookbuild on Wednesday 27 and 28.
Financial Review
11/04
23 Points
1

Reliance Worldwide quick to lock in $165m order

The deal values Reliance's equity at $1.19 billion to $1.31 billion. Reliance began formal marketing in the United States on Monday night, Australian time, and will spend the rest of the week offshore before fronting up to the locals. Most recently, the move helped Healthscope raise $2.26 billion at towards the top of its price range in mid 2014. As Street Talk revealed on Monday, Reliance is seeking to raise $715.1 million to $918.8 million at $2.27 to $2.50 a share.
Financial Review
11/04
3 Points
1

Global Traffic Network valued at up to $447 million by Macquarie

Macquarie recommended a 9.5-to-12-times forward EBITDA multiple, which was a premium to the ex-100 broadcast media and ad agency peers and a 14 per cent discount to the wider industrials index. Macquarie said GTN's biggest risk was around its affiliate agreements including maintaining and winning new work. As Street Talk revealed last year, GTN met with institutional investors ahead of a potential $400 million float.
Financial Review
08/04
6 Points
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