Street Talk
First Look

Good evening,

It was all eyes on the Reserve Bank on Tuesday, which cut the official cash rate by 0.25 percentage points taking it to a record low of 0.5 per cent. 

Governor Philip Lowe said the move was a direct response to the global coronavirus outbreak that has rattled sharemarkets and would hit Australia's GDP. 

And Dr Lowe isn't the only one thinking about coronavirus. 

The big investment banks and law firms are putting their own measures in place, including travel bans, team segregation and setting up emergency quarantine sites.

Elsewhere, sale documents have gone out for ASX-listed Healius' medical centres business

Interested domestic and offshore PE firms have been signing up to non-disclosure agreements with Healius' sell-side adviser Morgan Stanley to get more info. 

And finally, we've got our hands on the sale flyer for embattled fintech Sargon's financial advice subsidiary Madison Financial Group

Happy reading,

Sarah, Anthony and Tim.

Tomorrow's headlines

Sar-gone: flyer for adviser group Madison hits inboxes

OneVue chief executive Connie Mckeage wasn't lying when she said the sale of Madison Financial Group was "imminent". 


Bankers brace for cabin fever as coronavirus measures kick in

There's a new type of disclosure agreement popping up in dealmaking circles - and it has nothing to do with confidential…


PE sign up to take a closer look at Healius' doctors

Here's a fresh piece of meat for the cashed up private equity set. 

 

Future Fund hires former First State Super operative

Australia's biggest private equity investor, the $168 billion Future Fund, has hired one of the sector's quiet achievers…


American financier comes to Sargon Capital's rescue

Sargon Capital's white knight appears to be hiding in plain sight. 

 
 
Sarah Thompson, Anthony Macdonald and Tim Boyd.
Street Talk Editors
 

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