Deals

The asset changed hands between two private equity firms for $9.25 million.

Western Australian investors could reap $400 million from Laurence Escalante’s planned privatisation of the VGW Holdings gaming business.

The Victorian developers are intending to revitalise the long-vacant site with a ‘mixed-use redevelopment’.

Virgin Australia Holdings has locked in plans to raise $685 million from investors so that some of its existing backers can reduce their stake in Australia’s second largest airline.

Japanese entertainment conglomerate Mixi has increased its bid to acquire online sports betting agency Pointsbet.

A subsidiary of multinational entertainment group Live Nation has purchased the Northbridge European Foods building for $10 million.

Matrix’s board has unanimously rejected a merger bid from Advanced Innergy Solutions, ending weeks of speculation about a potential transaction.

Tasmea’s acquisition will grow its electrical services offering and return capital to shareholders via a special dividend.

Perth ‘rich lister’ Laurence Escalante plans to borrow $1.4 billion to buy out minority shareholders in VGW in a deal that values his online gaming business at $3.2 billion.

Babylon Pump and Power is hopeful of being able to enhance its earnings power on the back of news it has filed documents to acquire Bunbury-based Blue Hire.

Investment house Soul Patts will merge with Australia's biggest brickmaker to form a $14 billion diversified investment, property and building company.

Perth-based off-road vehicle maker OKA is seeking public investment for the first time in at least 25 years, with a $500,000 raising to fund a growth strategy.

South African miner Harmony Gold has boosted its Australian presence and its focus on copper by agreeing to acquire MAC Copper, led by chief executive Mick McMullen.

Osborne Park-based offshore contractor Shelf Subsea will become the Asian business of Norway-headquartered DeepOcean which acquired it for an undisclosed sum.

Greatland Gold has announced a small capital raising and a big selldown by major shareholder Newmont ahead of the $3.5 billion miner’s listing on the ASX.

French multinational Veolia has expanded its presence in WA with the acquisition of privately owned engineering and asset maintenance firm Orontide and its 250 staff.

Local investors have bought the Maddington Road property from the Peters family.

London-based Central Asia Metals has struck an $185 million agreement to buy ASX company New World Resources, led by Perth-based chairman Richard Hill.

The Subiaco property frequented by the late Alan Bond has changed hands for $3.13 million.

The Nedlands-based syndicator bought the Wendouree health and large format retail centre from HomeCo.

Belmont-based CU Building Group is set to occupy the upper floor of the building, following its purchase of the asset.

Perth-based Chemist Warehouse franchisee Sunny Narula has emerged with a $500 million stake in ASX-listed Sigma Healthcare, following the merger of the two businesses.

Matrix has received a conditional merger proposal that reportedly values the Henderson manufacturer as high as $100 million.

Perth dealmaker Geoff Lewis has once again tapped his football connections to help with business, signing up former Eagles coach Adam Simpson as a director of ASX-hopeful Stepchange Holdings.

A foreign entity with Australian roots has emerged as the buyer of Augusta’s pub in a deal which pushes the group’s acquisitions in the state’s southern tip above $30m in two years.

The RAC has become the latest state-based motoring group to sell its insurance business, with Sydney-based IAG paying $1.35 billion for the WA business.

A local family has purchased the fully-leased property.

Perth dealmaker James Del Piano has purchased a Dowd Street property for $7.5 million.

The private German investor behind last year’s purchase of Perth-based RUC Mining Contractors from Murray & Roberts has revealed an unusual multi-million dollar gain on the deal.

The Aboriginal charitable trust has expanded its property portfolio with the purchase of an East Perth building.

The boss of a specialist alloy business has splashed out on a luxury South Perth apartment as a major US player has emerged on his company’s register.

A local investor has bought the centre from a Subiaco-based property group.