As another working week heads towards a close, dealmakers will be grateful that they’re one step closer to the Easter break.
It’s been a bit slow-going in deals, particularly after a huge back-half of 2021, when Australian M&A and IPO records were smashed.
It feels like there’s been one significant deal a week for the past few weeks. There was LaTrobe/Brookfield, Uniti, the Virtus tussle and some infrastructure auctions, along with mostly resources sector raisings. The big three demergers are also keeping bankers and lawyers busy.
That said, expectations are that activity should pick up after the Easter break. Bankers reckon they’re working on plenty of potential deals, but their clients are moving cautiously.
In Street Talk tomorrow, we have obtained a pair of sale flyers.
Listed oil and gas explorer Carnarvon Energy has mailed out teasers for a partial sell-down of its 20 per cent interest in its Dorado joint venture with giant Santos.
