Good evening,

Nothing lights up capital markets like a chunky after-market block!

Street Talk’s not had the chance to wheel out that line much this year, but on Thursday evening Cettire’s founder Dean Mintz delivered just that – a $100 million selldown via Barrenjoey’s desk.

Cettire posted solid results before the market opened, doubling revenue to $416.2 million. Its top brass addressed investors at 10:30am and as the stock began to climb higher, brokers were quietly hopeful of receiving marching orders from Mintz. They knew there would be investor appetite this time around.

By 4pm, the stock had gained nearly 12 per cent and there was still no sign of the block. Barrenjoey nabbed the gig, hitting fund managers with term sheets sometime around 6pm and mopping up the book quickly.

In the end, Mintz sold at $3 a share, or a 4.5 per cent discount to the close. A great result, given his last selldown was at $1.46 in November.

Elsewhere, we ran a bidder tally on Lendlease Communities; got our mitts on early pricing for Nido’s $100 million IPO; and spotted ICA Partners shopping a renewables pipeline.

In people moves, Credit Suisse ECM boss Hamish Whitehead had picked a new role.

Lastly, TPG-backed Morrow Sodali was in talks with PR firm Domestique, which is well known to dealmakers.

Happy reading,

Sarah Thompson, Emma Rapaport and Kanika Sood
Street Talk Editors