Good evening, It's hard not to get the impression we are in for a strange week. Just as investment banks implement split team policies, the conversation has shifted to sending all bankers home and having them work remotely. Likewise, corporate law firm bosses are sending emails to clients trying to reassure them their firm has business continuity plans in place and junior lawyers will continue to work the long hours normally expected, even if they are not at their usual desks. It remains to be seen how this disruption impacts on deals. There's so much noise about everything else that it's hard to see how there's as much actual client work going on. In terms of deals, we unveil which pension fund giant is stalking Wren House Infrastructure Management's stake in Transgrid, and try reading the tea leaves as Healius prepares to respond to Partners Group. Elsewhere, it'll be worth watching Virgin Australia in coming weeks and months.. Happy reading, Sarah, Anthony and Tim. |
How do you keep a private equity buyer on the hook, while trying to realise value for an unloved business? |
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| | Virgin has the potential to be the next Ansett Australia in more ways than one. |
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| | They'll be a bunch of Credit Suisse bankers heading out to Mascot on Monday, but they're not going to the airport. |
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| Canadian investor OPTrust's local bus roll-up Kinetic is about to get a fair bit bigger. |
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| | | Market volatility shows no sign of stopping Canadian pension giant OMERS' thirst for Australian deals. |
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Sarah Thompson, Anthony Macdonald and Tim Boyd.
Street Talk Editors |
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