☕ Teaser

Good morning. We've been working up a little something, something at LOI which we'll be announcing tomorrow. So huge news around the corner which we're super excited to announce. Stay tuned.

Good morning. We've been working up a little something, something at LOI which we'll be announcing tomorrow. So huge news around the corner which we're super excited to announce. Stay tuned.

Also, it's the last few days to enter the draw for tickets to the Alliance Advisors giveaway. Check it out below.

ps. if this was fowarded to you, sign up here > letterofintent.com.au 

LOI Subscriber #TBD

MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: No real news to explain the Liontwon's pop other than general lithium hype. 

While the lithium miner rocks a $3.5bn market cap despite no revenue, it does have offtake agreements with LG, Tesla and Ford, and is ramping towards first production by mid-2024.

THE QUICK SYNC

  • Billionaires, trucks and newspapers: Behind the Twiggy, Stokes stoush. (SMH)

  • Germany in talks to buy $3b of Australian weaponry. (AFR)

  • Downer EDI interim chairman to meet investors following board purge. (SMH)

  • Jarden under pressure as the big payday guarantees to bankers looms. (Australian)

  • Adani faces probe into market manipulation after India's top court orders investigation. (ABC)

  • China to increase defense spending by 7.2%. (CNBC)

  • SoftBank gets bank pitches for Arm IPO at $30bn to $70bn valuation. (Reuters)

TRADING FLOOR

 M&A:

  • The Access Group beats rival Humanforce’s bid for ASX-listed IntelliHR. (AFR)

  • Grant Samuel blesses BHP’s $9.6b bid for OZ despite copper rally. (AFR)

  • Adamantem is weighing up exiting its investment in horse feed business Hygain. (AFR)

  • FTI Consulting has kicked off an auction for Schramm Australia. (AFR)

  • Squadron Energy and Grok Ventures are expected to submit separate non-binding proposals to Sun Cable. (AFR)

  • Pact Group is testing buyer appetite in its high-margin plastic crates pooling business. (AFR)

  • Macquarie is prepared to present a multibillion-euro offer for Telecom Italia SpA’s landline network. (AFR | The Australian)

  • Quiksilver and Billabong could be sold in a deal estimated to be worth $US1.3bn. (SMH)

  • Toll opted not to bid for Scott’s Refrigerated Logistics. (The Australian)

    • KordaMentha now has the job of selling off the assets of Scott’s. (The Australian)

  • Young Henrys is taking another shot at buying Tribe Breweries (The Australian)

Capital Markets:

  • Bravura and Macquarie Capital were in talks with fund managers for a possible $80m-odd raising (AFR)

VC:

  • Four Australian startups that raised $60.6m this week (SmartCompany):

    • Unyoked, an off-grid Cabin startup, has landed $28m in a funding round led by SURPLUS Equity Partners and Realside Financial Group.

    • Medtech startup SpeedDx raises $26m, with $5m coming from Tenmile.

    • Mutinex announced a $5m seed extension, totaling a $37m round led by EVP.

    • Live Verdure, a health and wellness startup, has secured $1.6m in funding from existing shareholders.

Others:

  • GenesisCare has announced the departure of its founder and CEO Dan Collins. (AFR| The Australian)

    • Dan Collins’ departure could move things along for a restructure of the business. (The Australian)

  • Alvarez & Marsal poaches a team from KPMG’s Sydney office. (AFR)

TOGETHER WITH ALLIANCE ADVISORS

Alliance Advisors is an independent advisory firm that supports public & private companies with strategic shareholder & investor advisory services through our global network. 

We Go Beyond, from development to execution of bold, client-first strategies, resulting in winning outcomes.

Join us at the Mergermarket M&A Conference in Sydney on Thursday 16th March, where we have a pair of tickets to give away!

📢 To enter the draw:

The winner will be drawn on Friday 10th March.

THE WATERCOOLER

THE TRADE

  • Investment Associate, Ventures — IAG (Learn More)

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