Yesterday
Westview plans $750m steel mill for Brisbane as Gupta woes worsen
The privately owned supplier of reinforced steel rods is concerned about being too reliant on Chinese imports, and wants the new plant to be operating by 2027.
- Simon Evans
This Month
- Sponsored
- CarExpert
Car sales disruptor widens choice for Australian new car buyers
Until recently, the online automotive sales space in Australia had been dominated by the same few players – and for decades. Their focus has been used car sales.
Sponsored
by CarExpert
Arbor looks to Sydney’s northern beaches for first acquisition
Street Talk can reveal the private equity upstart inked a deal for the manufacturer and distributor of materials handling products, East West Engineering, on Monday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Carlyle in exclusive talks to buy Livingbridge’s Waste Services Group
Carlyle is led in Australia by managing director Geoff Hutchinson. The dealmaker has had the bit between his teeth to land his maiden deal at the helm.
- Sarah Thompson, Kanika Sood and Emma Rapaport
InfraBuild woes worsen as Gupta moves cash around stricken empire
Confidential documents circulated among bondholders show the industrialist’s local steel assets fell deeper into loss and paid $28.8 million to related parties.
- Simon Evans
November
Administrators called in to probe Gupta’s troubled European empire
A UK court backed ArcelorMittal’s bid to launch an administration process for the parent company of six steelworks owned by Whyalla boss Sanjeev Gupta.
- Hans van Leeuwen
Brisbane military supplier sailing with a tailwind
Being portside ready to stock military ships is a niche sector that takes strategy and sharp negotiation skills to win the race.
- Nina Hendy
Meet the skincare company with 460pc growth
Identifying a niche is easy. Filling it – at scale – is the challenge, as these successful founders discovered.
- Lauren Sams
David Collard paid for Rolls-Royce as staff woes mounted
It’s the latest tightening rope around the flashy businessman, who had plans for his multinational business to build electric “gigabatteries” in Geelong.
- Myriam Robin
Heloise Pratt alleges ex-husband Alex Waislitz falsified board records
The two billionaires had been on amicable terms after splitting in 2015 until a stoush started over the control of Thorney Investments.
- Max Mason
Heloise Pratt sues former husband Alex Waislitz over Thorney
Visy Industries scion Heloise Pratt is suing her billionaire ex-husband Alex Waislitz in a fight over their joint-owned business, fund manager Thorney Investments.
- Max Mason
Inside Project Spirit: Amcor’s $13b deal to become a global giant
The mega-merger with rival Berry Global is a transaction that will transform the Melbourne-founded group into a company with 75,000 employees and 400 production plants.
- Simon Evans
3D printing outfit AML3D in $25m raise via Bells, Shaws
The $87 million market cap company kicked off the $25 million placement on Wednesday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Amcor’s whopper $76b tie-up shows it’s ready to rule the world
It’s one of the biggest deals of the year – and the financial numbers are eye-catching. Imagine $US650 million in synergies.
- Anthony Macdonald
Amcor in massive $13b buyout of Berry Group
The dual-listed packaging group is undertaking a mega-merger with New York-listed Berry that will create a company with 75,000 employees.
- Simon Evans
- Opinion
- Electric vehicles
America got the world driving. Now it’s going home
The US car industry is turning inwards again for the first time in a century. Detroit got the world on the road. BYD will inherit the earth.
- David Fickling
- Opinion
- Chanticleer
This ASX giant is primed for a Trump bump. Australia is already losing
In the last few years, Orica, an $8.6 billion company, has invested $2 billion in the US that should have been spent in Australia. Could that capital flight get worse?
- James Thomson
Orica profit jumps on demand for explosive technology
The chemicals and explosives maker boosted its margins by selling digital blasting technologies and premium products to miners.
- Mark Wembridge
Sanjeev Gupta strikes deal to stay afloat. For the fifth time
The embattled industrialist and Whyalla steelworks owner has offered his creditors yet another term sheet – one he says is necessary to save his UK operation.
- Hans van Leeuwen
Incitec Pivot unwinds fertiliser business as write-offs spike to $1b
The company’s new chief executive, Mauro Neves, says he wants to offload the division by the end of next year. And he expects strong economic growth in the US.
- Simon Evans
Pratt announces move to the US
One of Australia’s richest men is a member of Donald Trump’s private Florida club, Mar-a-Lago, and has previously voiced admiration for the US president-elect.
- Primrose Riordan
Waste Services Group narrows to two-horse race; final bids loom
US private capital juggernaut The Carlyle Group and Pacific Equity Partners’ buyout team are both through to the final binding bidding stage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Five founders keeping the faith with investors
Corporate Australia has recently experienced a founder “killing season”, but these founder-led companies are still keeping shareholders happy.
Gupta ‘has reached the end of the road’ on $300m debt, court told
San Francisco investment giant White Oak Global Advisors has given the Whyalla steelworks owner 10 weeks to reach a settlement. He says he’s confident he can.
- Hans van Leeuwen
The two different worlds of Sanjeev Gupta
This week on The Fin podcast, Simon Evans and Myriam Robin on Sanjeev Gupta’s flashy property purchase, his financial troubles and the SA town caught in the middle.
