Good evening,

The market rout’s casting a pall over dealmaking, creating doubts in investors’ minds about the big deals still on the boil before June 30.

But amid the chaos, there are still some pockets of activity. Street Talk understands KKR’s camp, which is trying to get its $30 billion buyout of Ramsay Health Care over the line, has found a kindred spirit in GIC.

The Singaporean sovereign wealth fund is willing to take up 80 per cent of Ramsay Health Care’s $8 billion odd property spin-off.

Ramsay’s not KKR’s only deal. Street Talk’s also spotted it entertaining ANZ Bank which, as it turns out, wants to see if it can hammer out a deal to buy accounting software business MYOB off KKR.

Elsewhere in PE, Potentia Capital was out raising for a new fund. And lastly, we’ve got the details on what to expect from Macquarie’s annual bonus-time share trading.

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