Livingbridge buys Waste Services; Short sellers flood BHP; Tic:Toc raise; Junkee sale

Good evening,

Livingbridge is back again. The London-based private equity group has signed its second Aussie deal in less than six months.

This time the firm is buying a large majority stake in waste broker and collections business Waste Services Group for the chunky sum of $500 million.

Livingbridge will be joined by Waste Services Group CEO Matt Tamplin and its executive team as the new owners.

It’s the fifth Australian investment for Livingbridge, which has an office and small team in Melbourne.

Elsewhere, BHP’s ASX-listed stock has hit record levels of short sellers; Tic:Toc has upsized its series D round to $50 million; The Brag Media and Val Morgan Digital have pulled out of the process to buy Junkee; and Imugene’s backers are ready for round two with Radiopharm Theranostics.

Happy reading,

Anthony Macdonald, Yolanda Redrup and Kanika Sood
Street Talk editors