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Deals

Tax decision likely to boost M&A activity

THE corporate advisory sector is expecting a rise in mergers and acquisitions activity now that the resources tax base has been narrowed, however buyers remain nervous about the detail and wary of global markets that have worsened since the tax debate sta

Gryphon to acquire Shield Mining

WA-based West African gold explorer Gryphon Minerals has announced a friendly all-scrip takeover bid for fellow West African gold player Shield Mining.

Quickstep sets up US base

Advanced materials company Quickstep Holdings has announced plans to set up a US base in an effort to target and secure defence and aerospace contracts.

China Magnesium launches $8m IPO

China Magnesium (CMC) has launched an $8 million initial public offer and unleashed a veiled attack on the federal government's resource super profits tax.

Bunnings trust H1 income grows to $39m

Bunnings Warehouse Property Trust has booked an 11 per cent increase in first-half income on the back of acquisitions and improvements to investment properties.

Wolf completes $4m funding

Wolf Minerals has announced the completion of its $4 million placement to new strategic partners Traxys Projects and Resource Capital Funds.

M&A advisers wait for rebound

Limited access to debt continues to hamper the M&A sector, as corporate advisers forecast a subdued year ahead.

Coffey finds answers in Q&A

GLOBAL environmental and social impact assessment consultancy, Coffey Natural Systems, has bought Perth-based firm Q&A Communications Group for an undisclosed sum.

Terrain free from Iron Mountain pursuit

Iron Mountain has failed in its takeover bid for Terrain Minerals, attracting just over 15 per cent of Terrain shares on issue with the bulk of that coming from one shareholder.

PwC acquires Mainsheet Corporate

PricewaterhouseCoopers has acquired Mainsheet Corporate, its second acquisition in the corporate consulting sector in less than two years.

Wood Group to cement footprint

INTERNATIONAL energy services company Wood Group has expanded its presence in the Asia-Pacific with three investments in the Australian market in six months.

Empire sells 2 pubs in restructure

Subiaco-based Empire Beer Group Ltd has agreed to sell two of its pubs to a shareholder company controlled by Computershare Ltd executive chairman Christopher Morris for $4.5 million.

2007 - 2008 Merger and Acquisition Deals

Gresham Advisory PartnersMichael Ashforth Branch office Advised WA Newspapers (with GoldmanSachsJBWere) on Seven Network's board takeover, post Seven's $450m investment Advised Murchison on divestmen

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.

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