Good evening, It's hard not to get the impression we are in for a strange week. Just as investment banks implement split team policies, the conversation has shifted to sending all bankers home and having them work remotely. Likewise, corporate law firm bosses are sending emails to clients trying to reassure them their firm has business continuity plans in place and junior lawyers will continue to work the long hours normally expected, even if they are not at their usual desks. It remains to be seen how this disruption impacts on deals. There's so much noise about everything else that it's hard to see how there's as much actual client work going on. In terms of deals, we unveil which pension fund giant is stalking Wren House Infrastructure Management's stake in Transgrid, and try reading the tea leaves as Healius prepares to respond to Partners Group. Elsewhere, it'll be worth watching Virgin Australia in coming weeks and months.. Happy reading, Sarah, Anthony and Tim. |
There's plenty of smoke and mirrors in the world of distressed debt - and Speedcast now finds itself right in the middle… |
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| | Cochlear's making the most of its once in a 25-year trip to equity capital markets. |
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| | There's no slowing British industrialist Sanjeev Gupta. |
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| Sleep devices company SomnoMed is next cab off the rank in the recapitalisation race. |
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| | | Hearing device company Cochlear is set to launch an $800 million equity raising. |
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Sarah Thompson, Anthony Macdonald and Tim Boyd.
Street Talk Editors |
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