Good evening, It was all eyes on the Reserve Bank on Tuesday, which cut the official cash rate by 0.25 percentage points taking it to a record low of 0.5 per cent. Governor Philip Lowe said the move was a direct response to the global coronavirus outbreak that has rattled sharemarkets and would hit Australia's GDP. And Dr Lowe isn't the only one thinking about coronavirus. The big investment banks and law firms are putting their own measures in place, including travel bans, team segregation and setting up emergency quarantine sites. Elsewhere, sale documents have gone out for ASX-listed Healius' medical centres business. Interested domestic and offshore PE firms have been signing up to non-disclosure agreements with Healius' sell-side adviser Morgan Stanley to get more info. And finally, we've got our hands on the sale flyer for embattled fintech Sargon's financial advice subsidiary Madison Financial Group. Happy reading, Sarah, Anthony and Tim. | Tomorrow's headlines OneVue chief executive Connie Mckeage wasn't lying when she said the sale of Madison Financial Group was "imminent". |
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| | There's a new type of disclosure agreement popping up in dealmaking circles - and it has nothing to do with confidential… |
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| | Here's a fresh piece of meat for the cashed up private equity set. |
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| Australia's biggest private equity investor, the $168 billion Future Fund, has hired one of the sector's quiet achievers… |
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| | Sargon Capital's white knight appears to be hiding in plain sight. |
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Sarah Thompson, Anthony Macdonald and Tim Boyd. Street Talk Editors | The daily habit of successful people | |
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