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PearlStreet

PearlStreet, Campbell in $56m merger

Perth-based PearlStreet has recommended shareholders accept a sweetened $56.3 million takeover offer from Campbell Brothers, snubbing Catalyst Investment Managers' recapitalisation proposal.

ASX knocks back PearlStreet extension

The Australian Securities Exchange has knocked back an application by PearlStreet to extend the expiry date of its listed options, as it proceeds with a conditional recapitalisation proposal by private equity firm Catalyst Investment Managers.

PearlStreet rejects rival $42m offer

Takeover target PearlStreet has rejected a proposed $42.1 million cash takeover bid by Campbell Brothers, which was conditional on a recommendation from the target's board.

PearlStreet hands over reins to Catalyst

Asset management firm PearlStreet has accepted a recapitalisation proposal that will result in private equity firm Catalyst Investment Managers taking a 63 per cent stake in the company.

PearlStreet posts 201% jump in HY profit

Asset manager PearlStreet has reported a 201 per cent jump in its interim net profit as it maintains its full year revenue guidance.

PearlStreet issues profit guidance

Perth-based asset management firm PearlStreet Ltd has forecast revenue for the 2008 financial year at $80 million, while earnings before interest, tax, depreciation and amortisation is expected to be up to $8.5 million.

PearlStreet net profit down 27%

Perth-based asset management firm PearlStreet Ltd has reported a net profit after tax of $821,000 from ordinary activities for the half year ended December 2007, down 26.9 per cent on the 2006 corresponding period result.

PearlStreet raises $4.8m in placement

Perth-based asset management firm PearlStreet Ltd has raised $4.8 million through a placement to partially retire debt, the company has announced.

PearlStreet renews five-year Esso contract

Perth-based asset management company PearlStreet Ltd has renewed its testing and inspection services contract with Exxon Mobil subsidiary Esso Australia Pty Ltd, signing on to provide them until 2012.

PearlStreet profit up 8%

Energy and resources sector asset services contractor PearlStreet Ltd has announced a $1.6 million net profit for the year ended 30 June 2007, it maiden profit as a listed entity.

PearlStreet signs deal for Metlabs acquisition

Perth-based asset management company PearlStreet Ltd has signed the sale and purchase agreement for the acquisition of former Leighton Contractors Pty Ltd subsidiaries Metlabs and ITS for $32 million, the company has announced.

PearlStreet acquires Metlabs and ITS for $32 million

Perth-based asset management company PearlStreet Ltd will acquire Leighton Contractors Pty Ltd subsidiaries Metlabs and ITS for $32 million, the company has announced.

PearlStreet to fall short of EBITDA forecasts by 15-20%

Perth-based asset management company PearlStreet Ltd has forecast a 15 to 20 per cent decrease in its earnings before interest, tax, depreciation and amortisation, caused by delays to project timetables and maintenance shutdowns.

PearlStreet closes $8m IPO fully subscribed

Perth-based asset management company PearlStreet Ltd has raised $8 million through its initial public offer, to fund future acquisitive growth.

PearlStreet launches under Alinta shadow

AMID the surprise management buyout proposal at one of Australia’s major infrastructure asset managers, Alinta Ltd, the official announcement of the IPO for Perth-based rival PearlStreet Ltd was somew

PearlStreet plans $8m IPO

Perth-based asset management company PearlStreet Ltd has announced plans for an $8 million initial public offering and listing on the Australian Stock Exchange.

PearlStreet readies for float next year

Perth-based energy services company PearlStreet Ltd has bolstered its board and management as it prepares for a likely share market float early next year.