Deals

Perth technology entrepreneur Kashif Saleem has begun a seed capital raising for his award-winning Track’em business ahead of a planned ASX listing by the end of the year.

Grain handler CBH Group has called for more information on the $1 billion-plus offer from Graincorp-backed Australian Grains Champion to corporatise and list the cooperative, highlighting concerns around long term cost increases, the proportion of grower ownership and board representation.

Perth-based law firm AdventBalance, which pioneered a new approach to flexible delivery of legal services, has announced plans to merge with London counterpart LOD, formerly Lawyers On Demand.

Rival bidders for rail and ports giant Asciano are considering making a joint, all-cash $9.05 billion bid in an effort to seal the long-running takeover battle.

Gold miner Beadell Resources has received commitments for a $50 million capital raising to fund exploration to build its mining inventory.

Mineral sands miner Iluka Resources has made good on its commitment to invest further in UK technology company Metalysis, announcing today a $12.2 million injection into the business with plans for another $8.1 million soon.

Automotive Holdings Group has won regulatory approval for the sale of its Covs Parts business after agreeing to retain four regional stores, and has also expanded its east coast operations through another acquisition in Melbourne.

Sydney-based GrainCorp has emerged as a cornerstone investor in a bid to corporatise and list CBH Group, through a complex deal that would deliver up to $1 billion in cash plus share

Metals X has once again stepped up its pursuit of Aditya Birla Minerals, announcing today that its off-market $68 million takeover offer is now unconditional, with a quarter of Aditya shareholders already accepting the offer.

Takeover target Asciano has recommended shareholders accept a $9.01 billion offer from a consortium led by QUBE Holdings after failing to attract a rival matching bid.

Shares in Perth-based explorer Apollo Consolidated have surged on news it has struck an agreement with gold miner Newcrest Mining for its Seguela project in West Africa.

Potash explorer Elemental Minerals has received a $123.1 million cash takeover offer from a Hong Kong investment group, but the company was quick to list a number of reasons why the proposal wouldn’t succeed.

Shares in Perth-based gold and nickel explorer Nickelore doubled in price today after the company announced it would acquire a Brazilian renewable energy provider.

A custom mouthguards maker that boasts AFL coach John Worsfold as a director has announced plans to list on the ASX through the reverse takeover of Perth-based explorer Mount Magnet South.

Geraldton-based Bhagwan Marine has grown its subsea services division with the acquisition of Delta Subsea for an undisclosed amount.

Professional services firm KPMG inked its 11th acquisition in the past two years today, announcing the purchase of Melbourne-based Markets IT for an undisclosed sum.

The owners of egg producer Golden Egg Farms are set to reap a big profit after striking a deal with apartment developer Finbar Group for a $109 million project in Palmyra.

Crescent Capital Partners-controlled National Dental Care has entered the Western Australian market through the acquisition of Perth-based DB Dental for an undisclosed sum.

Perth-based explorer Image Resources has entered into an agreement for the purchase of a wet concentration plant, and an offtake deal for product from its Boonanarring mineral sands project near Gingin, with a Chinese zircon company to emerge as a major shareholder.

Perth-based gold explorer Tanga Resources has launched a $3.5 million capital raising for its Singida project in Tanzania.

Claremont-based technology company Structural Monitoring Systems says funds received from a new investor partner will be used to continue growth rather than bumping up overhead costs.

The long-running takeover battle for Australian rail and ports operator Asciano is set to intensify after the consortium led by QUBE Holdings improved on its offer price.

Perth-based regenerative medicine company Avita Medical says it will be able to focus more on its core ReCell technology after completing the sale of its respiratory business for $2.47 million.

The long-running takeover battle for Australian ports and rail operator Asciano will continue after the competition watchdog delayed its decision on the rival bids.

Soon-to-be renamed Malagasy Minerals has welcomed Regis Resources as a substantial shareholder as the company completes its acquisition of the Karlawinda gold project near Newman, while also announcing the appointment of local gold mining executives to its board.

Deals and capital raisings in the mining and metals sector fell in 2015, according to EY, although asset sales from distressed parties coming onto the market could lead to an uptick in volumes in the year ahead.

Former oil and gas explorer Emerald Resources has confirmed plans to transition to the gold sector, announcing today a joint venture deal to earn-in to Renaissance Minerals’ Cambodian gold project.

Reclaim Industries is set to be reborn as a staffing technology company after completing a $6 million capital raising as part of its acquisition of Rision.

Shares in recently-listed seafoods business Mareterram lifted today on news it has purchased the business that owns the 'Famous Australian Seafoods' brand for $1.3 million.

Civmec has expanded its portfolio with the completion of its $20.7 million acquisition of NSW-based private engineering and shipbuilding company Forgacs Engineering.

Melbourne-based PSC Insurance Group has put a value of $7.7 million on the Western Australian arm of Australian Reliance, after announcing today it was buying the insurance broking group in multiple phases.

Meteoric Resources has announced plans to acquire an unlisted courier business and adopt its business model in a deal valued at about $12.9 million.