With six weeks left until binding offers are due, two high-profile bidders are in the second phase of the $4 billion auction for I-MED, the country’s largest radiology business.
Street Talk understands Bain Capital, which has made plenty of money on similar assets globally, is working through final due diligence and funding requirements with the help of financial adviser Bank of America.
Also among parties in the second round is Ani Satchcroft’s team at Macquarie Asset Management, which this week agreed to pay $5.25 billion to buy TPG Telecom’s fibre network and fixed-line enterprise business. That deal came hot on the heels of MAM’s sale of data centre business AirTrunk to Blackstone, valuing the company at $23.5 billion.
Blackstone quietly injects almost $500 million in ailing Crown Resorts
Singapore to block $1.7 billion Allianz insurance deal, Bloomberg reports
The chart
Street Talk understands Tribeca’s Jun Bei Liu, a high-profile fund manager and trailblazer for women across Australia’s financial services industry, is set to break out on her own with backing from some of the country’s biggest investors.
Best and worst
The Australian sharemarket advanced on Monday after a late rally in mining stocks, spurred by new stimulus measures announced in China over the weekend, edged the bourse nearer its record closing high.
