The flood of initial public offers on the Australian bourse of recent times may be reduced to a trickle in the first half of 2008, as investors and company vendors seek clarity on the direction of equities markets, interest rates and the US economy.
The booming advisory market in Perth is creating some musical chairs among the key players, with corporate lawyer Justin Mannolini heading to Gresham Advisory Partners Ltd, prompting Freehills to fill the vacancy by appointing a new partner, Simon Reed.
West Perth-based coal seam gas developer Greenpower Energy Ltd will aim to raise up to $10 million to acquire and develop a suite of tenements across Australia in its inital public offer, the company has announced.
East coast wine player McWilliam's Wines Pty Ltd has entered into an agreement with the receivers of Evans & Tate Ltd for the Australian distribution of the E&T, Gnangara, X&Y and Oakridge wine ranges from September 1.
Evans & Tate has signed a binding agreement with ANZ Bank and Pendulum Capital Pty Ltd that will see east coast wine player McWilliam's Wines Pty Ltd take an equity position in the Margaret River winery.
Blake Dawson Waldron, Freehills, and Cochrane Lishman are firmly entrenched as the dominant law firms in Western Australia’s M&A market, having advised on the vast majority of big takeovers in the past financial year.
Parking and security player, Wilson Parking, has bought its fourth Western Australian security agency in two years with the purchase of Shelf Security in Dampier, one of the north-west’s largest security agencies.
Queensland-based Platina Resources Ltd has signed a joint venture agreement to search for platinum group metals at the Polar Bear Project, near Norseman, spending $1.3 million over 3 years to earn a 70 per cent interest in the project.