Street Talk First Look

Tuesday

December 1, 2020

Street Talk

First Look

Good evening,

Investment banking bosses are rallying the troops for one final push into Christmas.

There are 2020’s deals to clean up, a 2021 pipeline to build and all-important compensation figures to be finalised in the next couple of weeks.

Tonight, we reveal that non-bank lender MaxCap has called in the bankers to find a new investor that could take a 50 per cent stake in the group and help step up its lending to residential property developers.

Meanwhile, Westpac Banking Corp has struck a deal to sell its general insurance arm to Allianz for more than $700 million, and six bids are in for Mirvac and NRMA’s portfolio of Travelodge hotels.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

Tomorrow's headlines

Street Talk

Property financier MaxCap bankers up for investor search

The busy property sector dealmaker has turned its attention in-house and is seeking a deep-pocketed funding partner of its own.

Street Talk

Westpac moves out of home; Allianz steps up in $700m deal

The global insurance giant has agreed on a deal to acquire the banking group's general insurance business.

Street Talk

Six bidders check into Mirvac/NRMA's $550m Travelodge

It was around this time of year a couple of millennia ago when there was no room at the inn – but in 2020, there's plenty of room at hotels.

Street Talk

Game on: Anacacia Capital takes stake in PC hardware retailer

The busy dealmakers at the private equity firm are riding the e-commerce wave.

Street Talk

Nickel Mines readies investors for $350m raising

The ASX-listed nickel play is set to ask investors to help fund a mine purchase in Indonesia.

You have received this email because you are subscribed to Street Talk First Look with the email address: [email protected]

Manage Subscriptions Unsubscribe Privacy Policy Contact Us

1 Denison Street North Sydney, NSW 2060 Australia