Individual investing is proving resilient,despite controversies and an intervention from the corporate watchdog.
Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead,he lost colleagues,his house and became entangled in multiple court battles.
Bonza airlines was tipped into voluntary administration. But its problems are just part of wider questions being asked about the financial health of its backer,US investment firm 777 Partners.
After a meteoric rise,Simon Raftery had a Sydney waterfront home worth millions and an impressive list of clients around the world. Then some of his big plays started to come undone,exposing the opaque but booming world of private credit.
Adore Beauty entered the ASX in late 2020 with a market capitalisation of $650 million,enticing more women to invest for the first time. Now the gloss has worn off.
The boss of private equity group Blackstone claims that workers are refusing to return to their office desks partly because they enjoy a lighter workload at home.
ARN has teamed up with private equity firm Anchorage to buy the rival radio broadcaster,having taken a 14.9 per cent stake a few months ago.
The A-Leagues’ major shareholder owns its stake in Australian professional soccer via a series of offshore tax havens,including an infamous PO box in the Cayman Islands.
The business behind Le Pine,White Lady Funerals and Simplicity Funerals says its board is backing the deal.
Barely two days into the new financial year,two of Australia’s biggest ASX-listed food companies are on the takeover map,and there’s more action ahead.
Australian horticulture giant Costa Group confirmed it received an unsolicited takeover proposal by Paine Schwartz,but said no deal has been struck yet.