Good evening,

Bankers are ironing their best shirts as renewable energy hopeful Sun Cable puts the feelers out for a giant $30 billion energy export project.

Sun, which is backed by billionaires Mike Cannon-Brookes and Andrew Forrest, is interviewing investment banks and advisory types with people here and in Singapore. And with a project so big, it is likely to want someone who can open doors in both equity and debt capital markets.

It will be interesting to see who wins because Street Talk hears it’s going to be a multi-year mandate.

In IPO land, Goldman Sachs is wheeling around car distributor Ateco Group. Fund managers report Ateco was expecting to sell at least 59 per cent more vehicles this financial year, on top of $1.1 billion in sales.

Elsewhere, the ASX’s descent into correction territory today has brokers prepping for high trading volumes; Tribeca Investment Partners has hired Mason Stevens’ co-founder Tom Bignill; and Jefferies is staffed on a $358 million gold explorer’s strategic review.

Happy reading,

Sarah Thompson, Anthony Macdonald and Kanika Sood

Street Talk editors