Domino’s Pizza Enterprises and the nimble Regal Investment Fund made the most of frothy markets with equity raisings on Thursday, recording the two biggest placements of the week with deals worth $150 million and $80 million respectively.
While neither would have got much a mention last year, the two deals are meaty in the current market. It’s hard to believe this time last year CSL was still about a fortnight away from launching a $6 billion placement to buy Vifor Pharma.
Kidder Williams has pumped the accelerator on a sale process for private smash repair group Western General Bodyworks, kicking off talks with private equity funds and other potential buyers.
The private equiteers are back out for salary packaging, novated leasing and fleet management play Smartgroup, assessing whether it would be possible to pounce after a poor year and snap up the business for less than $1 billion.
Demyst, a Sydney-based business that lets banks, insurers and other financial services businesses build data-rich customised applications, is putting the final touches on a $15 million capital raise as it fields interest from US private equity.
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