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New distressed debt fund poised as billions go bad

Opalesque Industry Update, for New Managers - Distressed debt and special situations specialists Arbitrium Capital Partners formally opened its doors in Sydney today, poised to find turnaround deals among the thousands of Australian companies that

IFM makes debut Growth Fund deal by backing construction payment management business Zuuse

IFM Investors’ new private equity Growth Fund has made its first transaction by taking a significant minority interest in construction payment management software provider Zuuse.

Ares Management offers to buy AMP

Ares Management has offered to buy scandal-ridden wealth manager AMP in a bid that some think could kick off a bidding war. Los Angeles-based Ares Management manages about $179bn and has reportedly made a non-binding

Australian banking supremo Gonski joins ex-PM Gillard as latest Leapfrog Investments advisor

Emerging markets-focused LeapFrog Investments has named ANZ Banking Group chairman David Gonski to its global leadership council.

UK will not return to the negotiating table post-Brexit transition period

The Prime Minister's spokesman's comments come as talks with the bloc failed last week and the UK seeks an 'Australian style' agreement

UOB turns to Aussie dollars for latest bond

Singapore’s United Overseas Bank issue a A$500m ($362.2m) bond in Australia on Friday, as a lack of financial paper in the market drove investor demand.

Carlyle, Pacific Equity Partners send Link shares soaring through A$2.76bn buyout offer

Private equity heavyweights Carlyle and Pacific Equity Partners have sent shares in Link Administration Holdings soaring after submitting a A$2.76bn ($2bn) buyout offer for the business.

Castle Harlan Sells Colyar to Banneker

Castle Harlan has sold Colyar Technology Solutions to EMS LINQ, a portfolio company of Banneker Partners. Colyar specializes in the design, development, and implementation of child nutrition, food distribution, and compliance management software. The company

Atlassian reveals $50m venture capital fund to back cloud-based products, services

Australian software company Atlassian has raised a $50m venture capital fund to target cloud-based products and services.

Citadel Group shares surge after A$448.6m Pacific Equity Partners offer

Australian software company Citadel Group could be the latest beneficiary of the coronavirus-led working from home surge after receiving a A$448.6m buyout offer from Pacific Equity Partners.

Tianqi meets loan repayment with stake sale in Australian mine

Chinese company Tianqi Lithium has decided to sell a minority stake in a lithium mine in Australia to reduce some of its debt burden.

AMB :- Venture capital investment in Australian fintech grows by 153% to $376.5m in H1 2020

Laxman Pai, Opalesque Asia: Investment in Australia's fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150 percent increase on the corresponding period in 2019 ($149.05 mil...Article Link

UK warns EU of alternatives if Brexit deal fails

Frost said that if the EU can’t agree on the terms ‘in the very limited time, we have left then we will be trading on terms like those the EU has with Australia, and we

Bondholder threat to Bain Capital’s Virgin Australia buyout over – report

A bondholder threat to Bain Capital's buyout of coronavirus-stricken airline Virgin Australia appears to be over after lenders withdrew their plans for a recapitalisation of the business.

Infrastructure investment specialist Morrison & Co strikes A$580m final close for latest fundraise

Infrastructure investment specialist HRL Morrison & Co has hit a A$580m third and final close for its latest fundraise.

BGH Capital agrees cut-price Village Roadshow buyout in wake of coronavirus shuttering

Australian theme park and cinema operator Village Roadshow has agreed to a cut-price offer from BGH Capital as it looks to recover from the impact of the coronavirus crisis.

Pacific Equity Partners hits A$2.5bn hard cap close for smallest flagship fund since 2006

Australian buyout major Pacific Equity Partners has hit an A$2.5bn hard cap final close for its sixth flagship fundraise.

Blackbird Ventures follows soaring Canva success with A$500m fund close

Australian venture capital major Blackbird Ventures has raised its biggest fund to date by collecting A$500m for its fourth flagship investment vehicle.

Thompson Street Exits Lab Platform

Thompson Street Capital Partners (TSCP) has sold Analytical Lab Group to Element Materials Technology, a portfolio company of Bridgepoint Capital. Analytical Lab Group (ALG) provides FDA- and EPA-focused microbiology testing services to the healthcare, drug,

Trive Invests in Rubicon Bakers

Trive Capital has made an investment in Rubicon Bakers, a maker of all-natural cakes, cupcakes, cookies, and muffins. Rubicon’s product line includes more than 50 SKUs – including vegan and plant-based options – that are

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