Global Infrastructure Partners will join Woodside Petroleum's $US5.6 billion Pluto LNG expansion, having struck a deal to acquire a 49 per cent stake in the project.
Australian private equity firm Allegro Funds says it will make a significant investment in Western Australia's largest diagnostic imaging provider, Perth Radiological Clinic, the latest in a string of deals for the sector.
Shares in AWE jumped 16.5 per cent today after Japanese group Mitsui & Co became the third bidder for the oil and gas producer, which is the operator and half owner of the Waitsia gas field north of Perth.
Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE's Waitsia gas project north of Perth.
The state government's asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart's loan book.
The competition watchdog has warned that the privatisation process for Fremantle Ports could deliver a high price to government but at the expense of port users.
Logistics company Qube Holdings has written down the value of its port assets at Utah Point and Dampier by $38.5 million, after reviewing the outlook for the iron ore and oil and gas sectors.
Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.
The state government is aiming to collect up to $5 billion from a vastly expanded privatisation program that includes Fremantle Ports, the TAB, office buildings, residential land estates, Keystart loans, houses, plantations and power stations.
Gold company Evolution Mining has finalised its purchase of La Mancha Resources' Australian assets and secured $100 million in financial firepower to continue its growth opportunities.
Asset sales, cost cutting and restructuring are under way across WA, creating opportunities for professional services firms. Click through to see details of more than 30 privatisation deals in WA, from 1961 to the present day.
The state government has split the advisory roles for the first tranche of its asset sales program as it starts a sell down process that it hopes will relieve its difficult budget position.
Perth-based City Farmers has been sold for $205 million, just nine months after managing director Clayton Hollingsworth struck a deal for Quadrant Private Equity to pay $93 million for a major stake in the pet care retailer.
Noble Mineral Resources has been placed into voluntary administration a day after announcing it was looking to restructure its Ghanaian subsidiaries' debt to secure additional funding, after it fai
