News Articles

Deals 16 Aug 2019

AHG to make further write-downs

Takeover target Automotive Holdings Group will pursue the sale of its refrigerated logistics business after a strategic review found it had overstated revenue in the underperforming unit.

Appointments 27 Jun 2019

Appointments June 27, 2019

Our weekly appointment wrap includes David Gray, Aaron King, Gareth Martin and Richard Seville.

Deals 13 May 2019

Navitas takeover costs hit $20m

Navitas has disclosed that it will incur costs of about $20 million on its acquisition by a BGH consortium, including fees to professional advisers and extra payments to its directors and executives.

Special Reports 15 Apr 2019

Corporate lawyers busy as M&A deals on the rise

A flurry of hostile takeover deals has provided a boost for corporate lawyers, with an expectation there are more on the way.

Special Reports 15 Apr 2019

Taking stock as sector splutters

The ranking of Perth's major law firms has changed substantially over the past two years.

Deals 05 Apr 2019

AP Eagers seeks $1.84bn merger with AHG

AP Eagers has made a takeover bid for Automotive Holdings Group, which values the struggling West Perth-based car retailer at around $635.4 million.

Deals 15 Jan 2019

Navitas to recommend acceptance of $2.1bn bid

Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .

Energy 18 Oct 2018

Govt seeking more info on waste project

Just hours after the developers of a $670 million waste-to-energy project announced they planned to start construction after obtaining all necessary approvals, the state government disclosed it has asked the Environmental Protection Authority to conduct further investigations.

Energy 18 Oct 2018

$670m waste-to-energy project to proceed

Construction of Australia's first large-scale waste-to-energy facility will start this month in Kwinana after investment groups Macquarie Capital and DIF bought the Phoenix Energy project. Once completed at a cost of $668 million, the Kwinana facility will transform waste treatment in Perth.

Deals 10 Oct 2018

$2bn takeover bid for Navitas

Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.

Appointments 27 Jul 2018

People Moves July 27, 2018

Hume to lead Variety

Deals 22 Jun 2018

ATO ruling halts $508m auto deal

Perth investor Andrew Hopkins' planned $508 million buyout of national panel beating business AMA Group has been cancelled after the group failed to get an expected ruling from the Australian Taxation Office.

Mining 18 Jun 2018

Rinehart lobs $390m offer for Atlas Iron

Gina Rinehart-led Hancock Prospecting has proposed a $390 million takeover offer for Atlas Iron, less than a week after purchasing a 19.9 per cent stake in the junior miner.

Deals 12 Jun 2018

GCS and SRG to merge into $332m group

Perth companies Global Construction Services and SRG have announced an agreed merger that brings together their contracting, construction and engineering services into a combined group with an expected value of $332 million.

Oil & Gas 15 May 2018

Chevron proposes shared offshore pipeline

Chevron Australia managing director Nigel Hearne has proposed a major shift in the development of WA's offshore gas reserves, suggesting the industry should collaborate to build a multi-user pipeline to be shared by multiple LNG producers.

Appointments 07 May 2018

People Moves May 7, 2018

Allen & Overy has promoted David Jenaway to partner in its Perth litigation team. Dr Jenaway joined A&O in 2014 as a senior associate, after six years with Herbert Smith Freehills.

Deals 13 Apr 2018

Hopkins in $508m panel beating buyout

Perth-based Andrew Hopkins has led a $508 million buyout of national panel beating business AMA Group, with the deal backed by private equity giant Blackstone.

Professions 12 Feb 2018

Law partners make their moves

SPECIAL REPORT: There has been a flurry of high-profile moves by senior lawyers in Perth as the sector readies for a pick-up from several quiet years.

Deals 15 Jan 2018

New players chasing finance deals as opportunities align

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.

Deals 15 Jan 2018

Goldfields takes Finsure merger

Kalgoorlie-based bank Goldfields Money has agreed to a scrip-based merger with mortgage aggregator Finsure, valuing the combined group at $97.5 million.

Mining 05 Dec 2017

Finders shares stay below Deloitte valuation

Finders Resources has urged its shareholders to reject a takeover bid from Indonesian group Eastern Field Developments after independent expert Deloitte valued the copper miner well above the 23 cents offer price, despite Finders' share price continuing to hover near that mark.

Deals 27 Nov 2017

Firstmac will not extend Goldfields Money offer

Brisbane-based Firstmac Holdings said today it would not extend its cash takeover offer for Goldfields Money, which has recommended shareholders support an alternative scrip-based merger with mortgage aggregator Finsure.

Deals 23 Nov 2017

AHG in $400m logistics sale

Automotive Holdings Group has sold its underperforming refrigerated logistics business to Chinese conglomerate HNA Group for an enterprise value of $400 million.

Deals 17 Nov 2017

Halom takes MMA to panel

Halom Investments has asked the Takeovers Panel to revise MMA Offshore's planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

Deals 31 Oct 2017

Finders disputes takeover claims

The independent directors of Finders Resources have questioned some of the claims and assumptions used by Indonesian group Eastern Field Developments, which has announced a takeover offer for the West Perth company.

Mining 03 Aug 2017

Perth miner ordered to open books

The Supreme Court has ordered privately owned mining company Global Advanced Metals to open its books to a minority shareholder, despite the shareholder being a competitor, a litigation adversary in the US, and having a chief executive who was found to have carelessly handled confidential information supplied earlier this year.