Christmas came early for M&A pundits - and particularly those involved in Origin Energy’s $18.4 billion bid.
Brookfield and American private equity firm EIG Partners are due to start due diligence on Monday morning, and could well have a whopper deal signed by Christmas.
While there’s plenty of work to be done by Origin, the bidders and all the bankers and lawyers involved, Street Talk took a look at how the deal got this far.
What we found was a couple of spurned suitors who came together to take on one of Australia’s biggest companies for Project Eos.
Canada’s Brookfield and its whopping $US15 billion ($23.4 billion) global transition fund is lining up for the lion’s share of Origin Energy, but it has Washington-based private equity firm EIG Partners to thank for the opportunity.
ASX-listed Kiland, the old Kangaroo Island Plantations Ltd, has kicked off a $10 million raising at a $50 million valuation for its new biochar venture, Nobrac.