Good evening,

It was tumbleweeds blowing through Chifley Tower in Sydney and Melbourne’s 101 Collins Street at the weekend, as Australian companies and their investors focus on earnings results and suck the life out of the deals market.

The highlight of reporting season to date, as far as deals is concerned, was Newcrest’s rejection at Newmont Corporation and SRG Global’s acquisition and raising last week. Even the lithium deals seem to have dried up.

This week the focus will be on Star Entertainment Group, which was all that investors and bankers wanted to talk about when quizzed on deals at the weekend.

Star wouldn’t comment on its prospects of a raising however it looks like there’s one baked into its share price. The question is whether it’s a massive reset or a little short-term confidence booster, if you believe the share price.

We take a look at Star in Street Talk.

Elsewhere, there’s a new fund coming at growth equity group CVC Ltd, which is surfing that “crossover” between listed and unlisted capital, and we report on a new raising out of Macquarie Capital at telco GigaComm.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors