Good evening,

M&A Mondays aren’t what they used to be! There was little deals action on the ASX on Monday, other than takeover target Link Group revealing a too little, too late bid for one of its businesses by global financial services software company FNZ.

In Street Talk tonight, we’ve got a ripping new property company sale that’s set to hit the market.

The Buxton brothers’ MAB Corporation, a big player in residential and mixed-use developments in Victoria, is being shopped around via investment bank Rothschild & Co.

The Buxtons are understood to be keen to consider offers for a controlling stake in their business, or the whole lot, with a process to play out in coming months.

Elsewhere, IFM Investors finally looks set to crack the middle to upper end of Australia’s private equity market, after years of trying. IFM’s understood to have raised about $450 million for a new fund targeting $1 billion, or close to $2 billion including co-investments. We reveal two of its early backers, look at its investment mandate, and how it expects to source deals.

And finally, Macquarie Capital has a new edtech deal in the market.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors