Bankers have a new target in the building materials shake-up. It is understood Germany's Knauf is running a beauty parade , keen to find a local investment banking team that can help hold its hand through what could be an industry-defining period ahead. There are all sorts of deal structures being discussed - everything from a Knauf sale/exit, through to mergers with other groups and, of course, the talks with Boral over the regional joint venture.

Knauf's just another building materials heavyweight thinking about its future. Boral's also got the bankers in to help with a strategic review, while Fletcher Building hops from one restructure to the next, WA bigwig BGC looks for an exit, and the Barros close in on ADBRI.

Elsewhere, we take a look at Citi's pitch for Italian group Eni's Australian portfolio, which is up for sale, and reveal Advent Partners' latest deal.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors