bestnews Pemba Capital-backed Rennie Advisory hits the acquisition trail
A year after landing Pemba Capital Partners as a major backer, Brisbane-headquartered consultancy Rennie Advisory has made it clear it hopes to deploy its war chest expanding into a national…
RBNZ to review capital requirements amid political pressure
New Zealand’s central bank will review its bank capital requirements amid pressure from the government and following the unexpected resignation of its governor. The Reserve Bank of New Zealand will…
TPG Capital seals $3b-plus Novotech sale with Singapore’s GIC, Temasek
Two Singaporean sovereign wealth funds have acquired a major stake in Novotech in a deal that values the clinical trials business owned by private equity giant TPG Capital at more…
Shell chair Andrew Mackenzie meets activist fund Elliott Investment Management again
Of all the headaches company chairs can encounter, an overly enthusiastic activist investor is among the worst. So Shell chairman Andrew Mackenzie must have had a wave of déjà vu…
Battle to save hospital giant Healthscope is about more than money
The battle to save private hospital operator Healthscope is shaping up as one of the deal stories of the year. In the blue corner is perennial deal maker David Di…
Anacacia’s Force Fire sale to underpin final close for Core Fund IV
Anacacia Capital has agreed terms to sell its majority stake in Force Fire to ASX-listed Southern Cross Electrical Engineering for $53.5 million, a price the buyout firm says represents a…
Why directors must navigate governance without scuttling growth
“It’s like driving with one foot on the brake and one foot on the accelerator,” Rigotti says. “Sometimes boards go heavy on compliance when they should be looking at long-term…
CPB Contractors CEO Jason Spears says underbidding puts infrastructure at risk
The managing director of one of the country’s biggest construction groups says multi-billion dollar infrastructure projects are coming unstuck because international contractors are underbidding for work and don’t properly understand…
The RBA and ASIC says they are ‘increasing concerned’ about the ASX
The Reserve Bank of Australia says the ASX is not complying with important standards that are meant to prevent market failures in an escalation of regulatory concern about the governance…
EY ex-partner being sued by ATO challenges tax assessment
The former EY partner who is alleged to have taken $700,000 in secret commissions while setting up illegal tax schemes for wealthy clients is challenging the Tax Office’s personal assessment…