Equities desks are gearing up for the twice-a-year end of escrow blocks season, which coincides with reporting season and typically focuses on newly listed companies.This year, desks are getting in early, asking fund managers for early indications of interest, so they have a better feel of what’s hot and what’s not heading into escrow end dates.
Most of the contenders are at the small caps end of the market, where liquidity’s been hard going for institutional investors in the past six months and they’re looking forward to a “liquidity event” or two in coming weeks. The spotlight will be on Australian Clinical Labs, where Crescent Capital Partners has about a $100 million stake, BestAt the bigger end of the market, brokers are watching Coles Group, where Wesfarmers has a $600 million toehold stake, Dalrymple Bay Infrastructure and Ventia Services .
Blocks are big business for the equities desks and equity capital markets teams. While they’re competitive, risky and don’t normally attract hefty fees, are important to show fund manager clients that the desk’s hungry and can be handy for league table credit. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man dies in unit block fire in Brisbane’s northA 55-year-old man has died after fire engulfed a unit block in Brisbane's north. Emergency services were called to the scene in Clayfield at about 5am this morning. There are 15 people currently being treated by paramedics with two people in a serious condition.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Russia-Ukraine war: Kyiv imposes fresh sanctions on 182 Russian and Belarusian firms – liveThree people also subject to trade restrictions, the latest move by Zelenskiy to block Moscow and Minsk’s connections to Ukraine
Source: GuardianAus - 🏆 1. / 98 Read more »
Allowing Kanye West entry would 'fan the flames' of anti-Semitism, Holocaust museum warnsAn Adelaide Holocaust memorial group previously targeted by neo-Nazis is backing calls for the federal government to block any moves by Kanye West to enter Australia, in light of his recent anti-Semitic comments. No it won’t kanye has been so effectively cancelled banks drained of life savings makes you wonder..... was he wrong? He's only claim to fame was being married to Kym Kardashian who in herself is a nobody
Source: abcnews - 🏆 5. / 83 Read more »
Adam Bandt warns new legislation could increase pollutionGreens Leader Adam Bandt has warned his party will block emissions-reduction legislation unless new coal and gas projects are stopped. Mr Bandt has accused the government of devising laws that would actually increase pollution. This is despite the consumer watchdog suggesting more investment is needed into gas fields to avoid energy shortfalls along the east coast this winter. The Greens' push against the legislation follows BHP's announcement it may bring forward the closure of its Mount Arthur Hunter Valley coalmine. Block emmisions reduction is a serious crime on 2023 Shame we can’t block some of his gas
Source: SkyNewsAust - 🏆 7. / 78 Read more »
What ChatGPT can do for your investmentsWe test the chatbot to evaluate its capabilities and potential benefits for portfolios.
Source: FinancialReview - 🏆 2. / 90 Read more »
Russia-Ukraine war: Kyiv imposes fresh sanctions on 182 Russian and Belarusian firms – liveThree people also subject to trade restrictions, the latest move by Zelenskiy to block Moscow and Minsk’s connections to Ukraine
Source: GuardianAus - 🏆 1. / 98 Read more »