Street Talk
First Look

A technical malfunction saw yesterday's newsletter sent out - here's tonight's Street Talk newsletter.

Good evening,

An event that fee hungry bankers have been pining for since 1995 but everyone thought would never happen transpired on Wednesday. 

Medical device company Cochlear hit go on an $880 million equity raising

The unprecedented move shocked fundies and bankers market wide and we take a closer look at what was an investment banker's dream deal. 

Elsewhere, under-pressure listed travel agency business Flight Centre has drafted in the help of a Sydney-headquartered boutique to help it work through its survival options. 

Meanwhile, we've got our hands on the first fund manager newsletter for March. Surprisingly, this one has some good news.

Happy reading,

Sarah, Anthony and Tim.

Tomorrow's headlines

We just bought $2b of stock: Caledonia

Sydney fund manager Caledonia (Private) Investments is calling the bottom - at least in some of its favourite names. 



Cochlear's $880m bolt from the blue

Talk about an investment banker's dream deal. 

 

Speedcast caught in state of distress

There's plenty of smoke and mirrors in the world of distressed debt - and Speedcast now finds itself right in the middle…


Cochlear upsizes raising to $880m plus SPP

Cochlear's making the most of its once in a 25-year trip to equity capital markets.

 
 
Sarah Thompson, Anthony Macdonald and Tim Boyd.
Street Talk Editors
 

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