News Articles for Macquarie Capital

High commodity prices and a wave of cross-border capital have fuelled another busy half for WA's dealmakers.

Perth ‘rich lister' Laurence Escalante plans to borrow $1.4 billion to buy out minority shareholders in VGW in a deal that values his online gaming business at $3.2 billion.

BGC Australia has announced its largest asset sale, with its cementitious division being sold to industry heavyweight Cement Australia in a deal worth close to $800 million.

29Metals has announced plans to raise $180 million, following news of its decision to expand the Gossan Valley mining front at its Golden Grove mine, 250km east of Geraldton.

Delays and disputes have characterised the development of waste-to-energy plants in Western Australia.

Kwinana's nearly completed waste-to-energy plant has been acquired by Acciona Australia, after the engineering firm bought out its former owners.

The boss of a waste-to-energy plant being built in Kwinana is adamant it will be operational next year as he talks up the sector's potential to power WA homes and hospitals.

Starting miner Core Lithium has sought investor support to the tune of $120 million as it grapples with growing pains at its flagship Finniss project in the Northern Territory.

Perth investment bank Argonaut has recruited Hayden Bairstow from Macquarie Equities, shortly after the retirement of John Macdonald.

Assets predicted to play a role in the energy transition have emerged as a prominent driver on the local merger and acquisition front.

Genesis Minerals has improved its proposal to buy St Barbara's Leonora assets as the takeover target squashes talks with Silver Lake Resources.

Carnaby Resources is set to raise $20 million to fund exploration activities at its gold and copper project in Queensland.

Hancock Prospecting has extended the acceptance period for its Warrego Energy bid by 10 days as it trumpets the support of another major shareholder in the target.

Cashed-up lithium miner Pilbara Minerals has signalled it will be targeting acquisition opportunities with the recruitment of senior Macquarie Capital executive John Stanning.

Corporate advisory business Sternship Advisers and law firms Corrs Chambers Westgarth and Hamilton Locke lifted their market shares in 2022.

UPDATED: Warrego Energy has taken the unusual step of publicly criticising the two bidders for the company while Mineral Resources has revealed a 16 per cent stake.

Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.

Bellevue Gold is looking to bolster its bank balance by $70 million as it continues construction on its namesake project and prepares to award a material mining contract in the coming weeks.

Copper producer Sandfire Resources is undertaking a $200 million capital raise to improve its financial flexibility, including repaying an outstanding debt of $50 million.

The Supreme Court has rejected claims by multinational builder Acciona that Western Australia's pandemic border rules amounted to a force majeure event over a $700 million project.

Strike Energy is hoping to merge with its West Erregulla project partner Warrego Energy in a $227 million deal.

Sev.en Global Investments has bought the Lake Way project from the wreckage of Salt Lake Potash.

BGC's board has hit pause on plans to sell the Buckeridge family's billion dollar building products company as it grapples with supply chain challenges and industry-wide labour shortages.

Thiess has launched an off-market takeover bid to buy Western Australia's largest mining services business for an estimated $350 million in cash.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.

BP will take the lead on what is touted to become one of the world's largest renewable energy hubs, after the oil and gas giant took a stake in the Asian Renewable Energy Hub in the Pilbara.

Chalice Mining has laid plans for a considerable capital raising effort to bankroll the next year and a half of exploration activities across its Julimar and West Yilgarn prospects.

WA's largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.

IGO's proposed acquisition of Western Areas has hit a snag amid claims that an independent report prompted the WSA board to potentially reconsider its endorsement of the $3.36 per share offer.

Poynton Stavrianou has laid claim to being Perth's largest fully-independent investment bank after appointing a new director and reporting growth in its operations.

Boss Energy is hoping to garner $125 million from investors to bring the company's Honeymoon uranium project into production.

Salt Lake Potash's Lake Way project, which was predicted to be one of the first producing potash assets in the state before its collapse last year, has been put on the market by receivers.

Acciona has launched legal action to get out of its contract on Macquarie's $700 million waste-to-energy project in Kwinana, claiming it has been hamstrung by Western Australia's border rules.

Subiaco-based gold and copper explorer Carnaby Resources is planning to spend $20 million in new capital on a substantial drilling program at Greater Duchess projects over east.

“It has been a busy year and it continues to be,” is how Simon Reed describes current market conditions in Western Australia.

Perth nickel company IGO has continued to push its clean energy strategy confirming it will acquire rival Western Areas in an all cash takeover, ending months of speculation.

Dacian Gold has secured funds to continue with expanding its Mt Morgans operations in WA and fast-track exploration.

Budding lithium player Liontown Resources has unveiled a big share placement to fund its planned mine, with the deal also marking the first WA transaction for investment bank Barrenjoey.

Vimy Resources has knocked back a $687 million merger proposal from fellow uranium aspirant Deep Yellow, choosing instead to start a strategic review and open the bidding to other potential buyers.

Potash player Kalium Lakes has deferred its debt repayments as part of a financial restructure that includes the company launching a heavily discounted share placement.