Deals

Southern Cross Electrical Engineering has announced it will acquire Sydney-based MDE Group for up to $10.55 million, courtesy of a share purchase agreement.

The West Perth company says the proceeds, in tandem with cash on hand, will fully fund the equity component of its $1.3 billion Hemi gold project in the Pilbara.

The Woolworths-anchored centre has changed hands from one Queensland group to another.

The $4 million property was purchased by a group of owners.

The $70 million purchase marks the second largest retail transaction this year in WA and was sold at 40 per cent below its replacement value.

Peet non-executive director Tony Lennon and his family have bought a site that formed part of Prix D'Amour from William and Rose Porteous for $3.75 million.

Entrepreneur Vikas Rambal's $4.4 billion fortune leads a group of dozens of new names to be recognised for their wealth generation in the inaugural Business News Rich List.

Australian Venture Capital deals hit a more-than-five year low in Q1 2024.

Bunbury Farmers Market founder Graham Heath, who is in partnership with Gina Rinehart, has bought a Kwinana Beach property.

Gold Road Resources has ended discussions around possibly acquiring a major interest in a gold mine joint venture in Canada.

West Perth-headquartered mineral sands explorer Base Resources has received a multi-million dollar takeover offer from US critical minerals and uranium producer Energy Fuels.

Copper-gold explorer Titan Minerals has inked a joint venture partnership worth more than $185 million with a Hancock Prospecting subsidiary for one of its southern Ecuador projects.

Gina Rinehart's Hancock Prospecting has amassed a substantial stake in Lynas Rare Earths, cementing its foothold in another major rare earth producer.

Jeff Leach has sold a Murray Street Mall retail complex to Banjo Bond, in the largest retail transaction in the CBD this year.

An eastern states buyer purchased the $4.5m property, with a view to expand their business.

Mining services player Macmahon Holdings is set to acquire mid-sized rival Decmil Group under a deal valued at about $110 million.

ASX-listed contractor Macmahon Holdings has offloaded a substantial portion of its mobile equipment fleet for about $44 million from a project in Queensland.

Boral's board has backed major shareholder Seven Group Holdings' sweetened takeover offer after the Stokes family-contolled bidder upped the value.

The land developer intends to build more than 200 apartments on the $15.5 million site, acquired from the City of Subiaco.

The oceanfront property was acquired by Hong Kong's Oriental Property.

Shareholders in takeover target and lithium hopeful Azure Minerals have overwhelmingly voted in favour of Hancock Prospecting and SQM's $1.7 billion offer.

Westgold Resources has announced it will merge with Toronto-listed Karora Resources, resulting in a market capitalisation value of approximately $2.2 billion.

APM Human Services has received a “disappointing” cash offer from its second largest shareholder Madison Dearborn Partners, 80 cents below the previous bid.

Perth-based Purpose Ventures has deployed almost 10 per cent of its $46 million fund in its first year of operations, including a recent top-up of its stake in startup PlanCare.

Takeover target Boral has doubled down on its recommendation to reject Seven Group Holdings' takeover offer, as the value range gets a trim.

Cape Bouvard has divested three lots to private investors for a total of $4 million.

CIMIC Group subsidiary Sedgman has expanded its service offering in the critical minerals sector by purchasing Minsol Engineering just four years after the West Perth business was established.

APM Human Services has gone into a trading halt after revealing the $1.8 billion takeover offer from private equity group CVC has fallen over.

Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral's independent directors to oppose Seven's takeover offer.

Mining services company Tasmea has forecast an increase in revenue to $435 million and net profit to $34 million as it prepares for a listing on the ASX.

West Perth company Pilbara Minerals and China-based Ganfeng have signed a deal to do a joint study over a 32 thousand tonnes per annum lithium conversion plant.

Marine services supplier MMA Offshore has entered into a $1.03 billion scheme implementation deed with Singapore private equity firm Seraya Partners.