Reed in $12m capital raising

West Perth-based metals explorer Reed Resources Ltd has received confirmed commitments to a capital raising that will fast track its Barrambie vanadium project.

IPO activity to slow in first half of 08: Deloitte

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.

Freehills adds new partner as Mannolini heads to Gresham

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.

Greenpower launches $10m initial public offer

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.

UWA gives US a timely tech lecture

An online lecture presentation system developed at the University of Western Australia has been sold to one of its emerging competitors, US-based software company, Anysteam Inc.

McWilliam's enters distribution deal for E&T wines

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.

McWilliam's joins Pendulum to win E&T

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.

Small legal pool dominates scene in local M&A deals

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.

Wilson secures NSW foothold

PERTH-based parking and security group Wilson has further bolstered its operations by acquiring Sydney-based business, City Eastern Security.

Brookfield makes play for Multiplex

CANADIAN property and infrastructure company Brookfield Asset Management has bid $4.3 billion for property developer Multiplex Group Ltd and has already secured the Roberts family’s controlling stake.

Foundation set for Stone Ridge

Venture capital managers Rob Newman and Matt Callahan have completed a major restructuring and expansion of their Perth business, which has about $60 million under management.

Ansearch to buy Norman Asch's Webfirm for $5m

South African-born businessman Norman Asch has struck a $5 million deal to sell his Webfirm business to Melbourne-based search engine and online media company Ansearch Ltd.

Empire Beer makes Royal purchase

Western Australian boutique brewing company Empire Beer Group Ltd has snapped up East Perth's Royal Bar and Brasserie for $3.5 million.

Red Rooster/Chicken Treat $180m deal

THE private equity binge has extended to the fast food industry, with a Sydney fund backing Australian Fast Foods Pty Ltd managing director Frank Romano in a $180 million deal, buying out major shareh

Wilson buys Shelf

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.

Speculation over Multiplex takeover

CONSTRUCTION giant Multiplex received a request from a potential predator to commence takeover discussions, sending its shares soaring more than 17 per cent.

Bob Browning steps down as Alinta CEO

Alinta has revealed that its chief executive officer, Bob Browning, is stepping down from the top job amid growing criticism of a conflict of interest in the wake of a management buy-out proposal.

New floats abound as markets watch commodities

The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.

Platina signs $1.3m JV agreement with Croesus, Barrick

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.

Fox acquires processing plant for $500,000

Leederville-based mining company Fox Resources Ltd has acquired a processing plant and tailings project from Sydney-based Swiss company MKS Capital Ltd for $500,000.

Toll rings a sweet deal for Patrick Corp

Toll Holdings has acquired stevedore Patrick Corp for $5.8 billion after an eight-month battle in which harsh words were traded between the companies.