Magellan to bankroll FinClear; Mac test s One Rail stake; Oaktree’s media exit

Good evening,

Forget Barrenjoey Capital – Hamish Douglass’ Magellan has made another unlisted investment.

Tonight, we unveil which local equities clearing outfit is about to be bankrolled by the funds management giant.

The company in question was almost ready to launch an initial public offering to get some fresh equity in the door, but all that changed when Magellan came knocking.

Meanwhile, Macquarie Infrastructure and Real Assets’ stake in one of Australia’s largest rail groups could soon be up for sale and we’ve got all the details.

Finally, Oaktree Capital Management’s exit window at an NZ media business looks to be opening, and HWL Ebsworth has brought two more law firms on board to help with its float preparations.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors