Good evening,

Blink and you would have missed it.

Street Talk understands Brookfield‘s private equity dealmakers have tapped out the auction for Loscam’s Asia Pacific business two months after the New York-headquartered group made a last-ditch effort.

This column reported the auction was on its last legs when Brookfield’s dealmakers sidled in with an offer for a minority stake in November. It is unclear who – if anyone – is still active in the auction after the Canadian’s departure.

Read the full article here: Bye bye Brookfield: US giant exits Loscam Asia-Pacific auction

Read the full story tomorrow and more on the Street Talk page.

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The Australian sharemarket closed at a record high, buoyed by an afternoon rally in index heavyweight Commonwealth Bank after the lender reported earnings that topped expectations.

Click here for the latest equity market wrap.