Good evening,

Time for a nightcap - and here's just the deal to go with it.

Tonight, we take a look at the sale of Asahi's drinks portfolio, and reveal final bids are due to Rothschild Australia within a fortnight.

However, the number of bidders still involved in the process has dwindled and private equity suitors, in particular, have decided to sit the sale out. We unveil why.

Meanwhile, fund managers are still being bombarded with IPO roadshows and the next two cabs off the rank are Oaktree Capital Management's drilling business DDH1 and candle retailer Dusk.

Finally, a small business lender backed by Josh Liberman's investment group has launched a capital raising to finance its growth plans and we've got the details.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors