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Mergers and Acquisitions

Bank of America wants to build a bigger presence in WA’s mining sector.

MiningPremiumBank of America plans Perth office to grab more mining deals

The $630 billion US banking giant confirmed on Thursday it had leased space in Perth’s central business district for an office to be headed by BofA’s co-head of natural resources investment banking.

Sean Smith

Gong cha is one of the world's fastest-growing tea brands.

RetailPremiumBain Capital snaps up popular bubble tea chain Gong cha

Global bubble tea chain Gong cha has been snapped up by US private equity firm Bain Capital in a deal reportedly worth more than $US635 million ($900m).

Cheyanne Enciso

Tropicana gold mine

MiningPremiumRegis eyes Tropicana after Vault merger flop

Jim Beyer said his Regis Resources would ‘definitely’ throw its hat in the ring to buy AngloGold Ashanti’s majority stake in the prolific Tropicana gold mine.

Adrian Rauso

Aware Super has barely finished swallowing TelstraSuper, but it is already chasing another blockbuster deal that would create a $254 billion retirement giant for 1.4 million Australians.

Mergers and AcquisitionsPremiumAware Super chases Prime to build $254b retirement giant

Aware Super has barely finished swallowing TelstraSuper, but it is already chasing another blockbuster deal that would create a $254 billion retirement giant for 1.4 million Australians.

Ryan Johnson

Liontown chief executive Tony Ottaviano at the Diggers and Dealers Mining Forum in Kalgoorlie.

MiningPremiumLiontown may buy unwanted Rio Tinto mine

Tony Ottaviano said his Liontown will look under the bonnet of Rio Tinto’s idle Mt Cattlin lithium mine when it comes up for sale.

Adrian Rauso

The Blackstone headquarters in New York, US.

BankingPremiumThousands of Aussie mortgages sold in blockbuster $36b deal

One bank will sell its $36 billion Australian loans book to Blackstone and shut its retail bank, giving private capital a major foothold in the mortgage market.

Ryan Johnson

John Hughes has sold his Yes Loans finance brokerage to a former trainee.

Mergers and AcquisitionsPremiumCar king John Hughes sells Yes Loans to former trainee

Prominent car dealer John Hughes has sold finance brokerage Yes Loans to two WA entrepreneurs who want to take the brand national.

Matt Mckenzie

Vysarn chief executive James Clement.

Mergers and AcquisitionsPremiumVysarn to buy Welltech for $60m, hits up investors for $65m

The purchase is the ASX-listed Vysarn’s second in six weeks after a $25m agreement to buy NWG Enterprises.

Sean Smith

Evolution Mining's Ernest Henry project in northern Queensland.

MiningPremiumEvolution adds to copper ground with $213m for Carnaby

Evolution Mining has scooped up copper and gold play Carnaby Resources as the Subiaco-based explorer closes in on a final investment decision for its Greater Duchess project in far-north Queensland.

Daniel Newell

Two WA gold takeovers worth a combined $5.3 billion ranked among Australia’s 10 biggest deals in the last financial year, even as national dealmaking fell 17 per cent.

BusinessPremiumWA gold deals crack national top 10 despite takeover setback

Two WA gold takeovers worth a combined $5.3 billion ranked among Australia’s 10 biggest deals in the last financial year, even as national dealmaking fell 17 per cent.

Ryan Johnson

Thread Community + Health deputy chief executive Rebecca Smith, chief executive Daniel Vujcich and chair Conrad Liveris.

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Mergers and AcquisitionsPremium
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WAAC and HepatitisWA merge after years of ‘overlap’

The two vital WA not-for-profits have melded to create a stronger entity, saying they are getting on the front foot rather than responding to a financial crisis.

Rebecca Le May

Cm3 software helps companies manage workplace risk.

Mergers and AcquisitionsPremiumWesfarmers strikes deal to sell software business Cm3

The business is being sold to British-based Achilles, a supply chain risk and performance management company that is itself owned by private equity giant Bridgepoint.

Sean Smith

The MTAA fears an IAG purchase of RAC Insurance will hurt smash repair shops.

BusinessPremiumMTAA demands IAG selldown as part of RAC Insurance purchase

The industry body has reiterated its opposition to the deal, dismissing new IAG concessions proposed as part of a new attempt to win over the ACCC.

Sean Smith

A proposed merger deal between Paramount and Warner Bros Discovery has been paused for a month. (EPA PHOTO)

merger, acquisition and takeoverPremiumJudge pauses Paramount-Warner Bros deal until August

Paramount Skydance says a delay in its proposed merger with Warner Bros Discovery could cost it ​more than $US1 billion.

Jody Godoy

IAG would immediately become the biggest home and contents insurer in WA.

Mergers and AcquisitionsPremiumIAG given little chance of winning ACCC’s RAC approval

UBS reckons the Australian Competition and Consumer Commission is unlikely to change its view that IAG’s $1.35 billion purchase of RAC Insurance is anti-competitive.

Sean Smith

The potential deal would have been chief executive Leah Weckert’s first major deal since taking the helm of the supermarket in 2023.

RetailPremiumColes abandons $4b deal to buy Petbarn owner Greencross

Coles has abandoned talks to buy Petbarn owner Greencross, a potential deal that had concerned some analysts and hammered shares in the supermarket giant.

Cheyanne Enciso

Investors feared a purchase of Petbarn would push the grocery chain into an already crowed petcare market.

RetailPremiumColes ends talks for divisive $4b takeover of Petbarn

Coles has ended discussions to buy the owner of the Petbarn chain, abandoning a potential deal that had concerned some analysts and weighed on the supermarket group’s share price.

Angus Whitley

Fleetwood’s Searipple workers village in Karratha.

MiningPremiumFleetwood snaps up Pilbara village, sells caravan parts arm

Fleetwood is paying $22 million for Bechtel’s 2169-bed Red Dog village, adding to the 1500 beds it already has in Karratha’s Searipple village and the Osprey camp in Port Hedland.

Sean Smith

Genesis Minerals Managing Director Raleigh Finlayson. He is pictured outside the Goldfields Arts Centre during the 2023 Diggers & Dealers Mining Forum on Wednesday August 9, 2023.

MiningPremiumGenesis locks in Vault deal, GR Engineering loses out

One local contractor lost a big chunk of work after Genesis Minerals and Vault Minerals officially shook hands on their $12.6 billion fusion.

Adrian Rauso

The proposed Paramount-Warner Bros Discovery deal is worth $US110 billion ($A158 billion). (EPA PHOTO)

merger, acquisition and takeoverPremiumTwelve US states sue to block Paramount-Warner deal

A lawsuit threatens to derail Paramount CEO David Ellison's bid to transform his company into a major ‌rival of Netflix and Disney.

Jody Godoy and Dawn Chmielewski

Vault Minerals’ King of the Hills processing plant.

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Regis bows out of Vault contest after Genesis’ superior bid

An eleventh-hour bid by Raleigh Finlayson’s Genesis Minerals to prize Vault Minerals away from rival Regis Resources has done the job.

Daniel Newell and Adrian Rauso

RAC chief executive Rob Slocombe and IAG boss Nick Hawkins, announcing the insurance tie-up 14 months ago.

Mergers and AcquisitionsPremiumIAG adds new conditions to RAC purchase to win ACCC approval

In a “remedy offer” lodged with the ACCC, IAG is now offering five-year undertakings to address concerns the purchase of WA’s market-leading motor and home and contents insurer would reduce competition.

Sean Smith

ResMed intends to use the proceeds to return capital to shareholders.

dealsResMed offloads software business at massive discount

The sleep health device manufacturer is selling its MatrixCare business to a US-based private equity firm for $707 million - 34 per cent less than what it paid eight years ago.

Rebecca Le May

Mike Ashley, founder of Frasers Group, has an estimated fortune of £3.437 billion ($A6.53b). 

Mergers and AcquisitionsBritish tycoon seeks intervention over Accent Group bid

The British retail behemoth run by billionaire Mike Ashley has asked Australia’s Takeovers Panel to intervene in its spurned, low-ball bid for the nation’s biggest footwear retailer Accent Group.

Rebecca Le May