Race for Ausgrid stake; Life360’s str ategic review; Panorama sale

Good evening,

Once again, M&A Monday didn’t disappoint.

This time, the weekend proved useful to get a bunch of gnarly negotiated deals over the line (Telstra/MedicalDirector, Westpac Life/Dai-ichi Life, NAB/Citi Australia) and had Latitude Financial Group snap up fintech Symple for $200 million.

In Street Talk tomorrow, we have a look at who’s lining up for AustralianSuper’s up-for-sale stake in Ausgrid, which is expected to be worth about $2 billion.

We also check in on Life360’s strategic review and Westpac Banking Corp’s plans to sell the glitchy Panorama, and have spotted the bankers in at one of Bain Capital’s portfolio companies.

Happy reading,

Anthony Macdonald and Yolanda Redrup
Street Talk Editors