Good evening,

The private equity sharks at Canadian global asset manager, Brookfield, are never ones to let a good opportunity go to waste.

With the auction for Loscam’s up-for-grabs Asia-Pacific business appearing dead in the water, Street Talk can reveal Brookfield’s dealmakers have sidled in with an offer for a minority stake.

Brookfield is understood to have restarted talks with Loscam owners last month. While there have been plenty of false starts in the trio’s efforts to exit the business, sources said the transaction was on track to sign this side of Christmas.

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The sharemarket fell for the fifth straight session on Monday as fresh economic data from China provided a gloomy outlook for Australian miners.

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