Good evening,

Two scoops of M&A for Alinta Energy, please!

Street Talk can reveal Alinta’s owner, Chow Tai Fook Enterprises, has ordered a selldown at its Victorian offshore wind farm Spinifex. The project has ambitions to supply up to 10 per cent of Victoria’s total electricity needs – including to key guzzlers like Alcoa and CITIC’s Portland aluminum smelter.

Sell-side advisers, RBC Capital Markets and Rothschild Australia, ran the early marketing for the Spinifex stake just as Goldman Sachs was shunting tyre kickers towards first-round bids at Alinta’s $1.5 billion-plus WA remote power assets.

Offshore wind production is a nascent sector for dealmakers, although their European colleagues are well-versed in the assets. So, the Spinifex process should be an interesting one to watch.

Elsewhere, we got our paws on the 20-page flyer for Khoemacau Copper Mining which has caught the attention of South32 and Sandfire Resources, listed potash producer Kalium Lakes was auditioning investment banks, and developer Resimax locked in a $350 million refi.

Lastly, Endeavour Drinks called in a new adviser – Luminis Partners.

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