☕ Final days

Good morning. It's the final couple of days to enter the Alliance Advisors M&A giveaway! The tickets are worth a few $000 so make sure to enter below.

Good morning. It's the final couple of days to enter the Alliance Advisors M&A giveaway! The tickets are worth a few $000 so make sure to enter 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 surprise to see that Nuix's former CEO has appealed the Federal Court's decision from last month.

The silver lining for Nuix? He's not appealing the judge's finding that his max claim would be capped to $61m plus interest — roughly 20% of Nuix's market cap. That compares to his original $169m claim — about 50% of Nuix's market cap.

THE QUICK SYNC

  • Moody's says rate rises to crunch housing affordability and hit commercial assets. (Australian)

  • The 15 minutes that had Atlassian workers sweating on their future. (SMH)

  • Lowe reveals the data that would force a rate pause in April. (AFR)

  • Qantas complaints rise by 70 per cent, as ACCC calls on carriers to reduce fares. (SMH)

  • Credit Suisse equities business under the microscope after revenue crash. (Reuters)

  • Adidas cuts dividend after the split with Kanye/Yeezy costs them $1.3B in earnings. (CNN)

  • Musk says Twitter could be cash flow-positive next quarter. (Reuters)

TRADING FLOOR

 M&A:

  • Carsales moves to 70% ownership of its Brazilian online cars business; pays $353m. (AFR)

  • David Di Pilla’s 19% stake at Sigma has the market guessing his next move. (AFR)

  • Quadrant may exit form its childhood education business, Affinity Education. (AFR)

  • TPG has lifted its stake in InvoCare to 19.98%. (AFR)

    • JPMorgan identifies 4 ways to increase InvoCare's earnings. (The Australian)

    • Propel Funeral Partners could suffer if InvoCare ends up in PE hands. (The Australian)

  • Brandcrush has been acquired by NASDAQ-listed media firm Criteo. (StartupDaily)

  • Macquarie Capital injects $150m into PE-owned IT services player Orro Group. (AFR)

  • Morgan Stanley wins the role to sell Guardian Early Learning Group (The Australian)

  • Forrest, Cannon-Brookes locked in battle for Sun Cable. (The Australian)

  • Blackstone could fetch $1bn as it looks to sell Sydney’s JPMorgan tower. (The Australian)

Capital Markets:

  • Ryman Healthcare has Macquarie and UBS seeking bids for 25m shares. (AFR)

  • Carsales launched a $500m rights issue via Goldmans and UBS. (AFR | The Australian | The Australian)

  • Apollo and Cimic lock in a $400 Ventia block sale. (The Australian | The Australian)

  • Catalyst Metals was in market raising $20m. (AFR)

  • Digital infrastructure, utilities and technology play SUPA is raising a Pre-IPO round. (AFR)

  • Foxtel readies banks for fresh debt refinancing. (AFR)

VC:

  • Till Payments, a business payments fintech, has raised $70 million in a Series D. (StartupDaily)

Others:

  • None

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

Read about the aftermath here.

THE TRADE

  • Investment Associate, Ventures — IAG (Learn More)

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