Good evening,

Cinema chain Hoyts stole the show on Monday, as its Chinese owner Wanda resurrected its billion-dollar sale.

That’s nearly two years after Hoyts was last sighted on the auction block.

This time around, the pitch is expected to centre on post-COVID recovery in moviegoers and Hoyts’ market positioning (24 per cent share, on IBISWorld numbers) among it all to ride the wave.

It’s an asset that big PE firms know well, and have already done some work on from 2021’s sale and refinancing. Nomura is offering a stapled debt package for sponsor types willing to take a bite.

Elsewhere, BWX landed in administration on Monday evening after CBA ran out of patience. It also confirmed it is actively trying to offload Go-To Skincare, for those willing to take a look.

Lastly, we spotted the year’s biggest real estate sale out of ADIA that is being handled by Jarden and Cushman & Wakefield, Albemarle was ringfencing its Liontown shopping to $2.50 a share, and Tribeca Global Natural Resources opened a big shortfall for the LIC’s raising.

Happy reading,
Sarah Thompson, Kanika Sood and Emma Rapaport
Street Talk editors