Good evening,

Just a day after we lamented the lack of M&A Mondays, Street Talk’s run into three big deals.

TPG Capital’s pets and vets business Greencross ended its six-month auction with pension fund couple AustralianSuper and Canadian HOOP coming in as 45 per cent owners at a $3.5 billion-odd valuation.

That leaves Wesfarmers licking its wounds. Lucky it won’t have to walk too far to buy some bandages because its API acquisition was legally effective today.

Over at the now-delisted Sydney Airport, we’ve found Qatar Investment Authority and Singapore’s GIC lurking in the equity stack.

Turns out American Global Infrastructure Partners (GIP) cut the two late arrivals into its 37 per cent slice of the business at 4 per cent and 3.15 per cent.

Lastly, we’ve got the list of final bidders at towers group Axicom.

It’s been a tough few weeks for them with some last-minute curveballs including TPG and Telstra’s network sharing deal and Axicom customer Optus’ request for a contract renegotiation. But with final bids in, it’s time for a breather.

Elsewhere, George Clinical has finalised bankers to test buyer appetite; and there’s a property developer rounding up investors to put a small block of apartments at Sydney’s Palm Beach.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood

Street Talk editors