National essential services players ARA Group has bought Firesafe Group, an installation and maintenance business backed by two of Western Australia's biggest family offices.
Investors left out of pocket by the 2016 break-up of former AFL footballer Andrew Donnelly's insurance business are leaving no stone unturned in their quest for lost money.
The Supreme Court has disclosed that company director Russell Moran could have settled his dispute with broking firm Argonaut by paying $2 million; instead he went to trial and has now been ordered to pay in excess of $37 million.
Finance group Argonaut has won a Supreme Court ruling against Perth company director Russell Moran, who could owe in excess of $30 million after taking out a high-interest loan six years ago to buy
AGL Energy is set to continue its rapid expansion into the WA market, after it struck a deal to purchase WA's third-largest electricity retailer, Perth Energy, for up to $93 million.
New Zealand-based investment group Infratil is considering selling its majority stake in local electricity provider Perth Energy, which recently returned to profit after running at a loss for the past three years.
SPECIAL REPORT: Navitas boss Rod Jones talked to Business News about the next chapter for the $1.8 billion education provider he founded, and his hopes for the technology ventures he's backing.
A local power generator majority owned by Rod Jones's Hoperidge Capital has refinanced its bank debt through a $44 million bond issue which the company believes will give it more flexibility, including the potential to pursue a 100-megawatt solar farm.
Tech entrepreneur Rob Newman and company director Ian Olson are leading the latest backdoor listing on the ASX, with their spatial data service Pointerra to join the exchange through a reverse takeover of Soil Sub Technologies.
Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.
Perth-based explorer White Star Resources says it has raised about $5.1 million and completed due diligence on its acquisition of unlisted technology business Spookfish.
Andrew and Nicola Forrest's Minderoo Group has recruited finance executive Aaron Hood to take charge of its expanding commercial investment activities.
Subiaco-based White Star Resources, which is in the process of acquiring a technology business, will seek shareholder approval to increase its previously announced capital raising to $5 million, to accommodate a new prominent cornerstone investor.
White Star Resources has gained backing from Perth businessmen Rod Jones and Brent Stewart, who plan to invest in a $4 million capital raising to support the acquisition of Spookfish and Geospatial Investments.
The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.
