Galan ponders capital raise | Point72 p oaches Carlyle dealmaker | TPG’s home care buy

Good evening,

Predictive maintenance software company Dingo, which largely services the mining sector, has hit the deals circuit.

Street Talk understands the Brisbane-based company brought in Lazard Australia’s bankers, led by managing director Campbell Ray and director Charles Edwards, at the end of last year to run a sale process.

Sources said Dingo is being shopped with $US16 million revenue forecast for next financial year.

Read the full story tomorrow and more on the Street Talk page.

Street Talk can reveal Galan Lithium has mandated Petra Capital to gauge market appetite for an equity raising, less than a week after it disclosed – in a very understated manner – the receipt of a $US150 million ($252 million) unsolicited bid from Zhejiang Huayou Cobalt Co and Renault Group for its two key projects, Hombre Muerto West and Candelas.

The Australian sharemarket resumed its sell-off on Wednesday as investors dumped commodity shares after the White House upped its tariff on China – a key buyer of metals and oil – to 104 per cent.

Click here for the latest equity market wrap.