Good evening, While local supermarkets are a hive of activity, with toilet paper and pasta flying off the shelves, the coronavirus has sent equity capital markets quiet. It's been a tough fortnight for ECM bankers and lawyers, as listed companies who might've been looking to raise fresh capital press pause on their plans. However, that's not stopping private market raisings. Federation Asset Management - which signed a deal to buy ASX-listed Windlab on Wednesday - is now looking to reopen its books to raise more funds. The Sydney-based asset manager announced its fundraising plans in an update to its investors and we've got the details. Meanwhile, local fundies have been meeting Dalrymple Bay Coal Terminal's management over the past week and we've got a read on what's been pitched to them. But the big question fund managers have been asking is why bring it to market now? Street Talk has the answer. Finally, Cromwell Property Group has sent a letter to its shareholders giving ARA Asset Management both barrels, and there's a gold miner heading for the ASX boards. Happy reading, Sarah, Anthony and Tim. |
Tomorrow's headlines | There's a touch of urgency about Brookfield's plans to sell a coal port. |
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| | | Cromwell Property Group is ready to give its biggest shareholder both barrels to keep ARA out of its boardroom. |
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| | | A new gold initial public offering focused on the historic Victorian town is timing its run to perfection. |
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| Laureate Education is nearing a deal for its Australian and New Zealand portfolio, which includes Torrens University. |
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| | | ASX-listed wind farm operator and developer Windlab is set to recommend a $1 a share takeover bid from a consortium that… |
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Sarah Thompson, Anthony Macdonald and Tim Boyd.
Street Talk Editors |
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