Gresham

New resources opportunities will emerge in WA as older projects start to wind down production, or are closed.

Embattled mining company Atlantic has announced the resignation of its chief executive, Daniel Harris.

Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all-scrip deal valued at more than $11 billion.

Crescent Capital Investments has sweetened its takeover offer for infrastructure services group Cardno, boosting the deal to $3.45 per share, one week after competitor Coffey announced a friendly takeover deal with global player Tetra Tech.

The long-running saga of the Windimurra vanadium project has taken a new turn, with listed company Atlantic pitching a low-ball offer to buy the $560 million development from one of its own subsidiaries.

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.

There is little immediate prospect of the state government expanding its current $5 billion asset sales program, despite Premier Colin Barnett seeming to flirt with the possibility this week.

The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority’s Market City.

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 shares in the listed entity to the 4,200 grain growers who own and control the 83-year old cooperati

The state government expects to sell 40 per cent of the loan book for low-income finance provider Keystart in the second half of the year, with an expressions of interest campaign officially launched today.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market. 

Macquarie Capital executive director Justin Mannolini has left the company after three years in the role. Mr Mannolini joined Macquarie in 2013 following three years as managing director of Gresham Partners' Perth office.

Justin Mannolini has taken over as chairman of local minerals explorer Jindalee Resources, less than two months after leaving his executive role at Macquarie Capital.

Victoria’s Labor government has reaped a bumper price of $9.7 billion from the sale of the Port of Melbourne, suggesting the WA government could potentially raise in excess of $2 billion from the sale of Fremantle Ports.

Interstate law firms are leading a wave of restructuring in the WA market, with big shifts in the ranking of lawyers in the BNiQ Search Engine.

The state government has sold $1.35 billion of Keystart housing loans to Bendigo and Adelaide Bank, but the divestment wasn’t as big as it had hoped.

SPECIAL REPORT: The stock market’s appetite for new listings is allowing a range of companies, from family-owned engineering firm Veem to big national player Alinta Energy, to raise capital.

SPECIAL REPORT: Investment bank Gresham Partners and law firm King & Wood Mallesons were the top advisers on mergers and acquisitions in WA in 2016.

Southern Cross Electrical Engineering expects to bounce back from a net loss in the first half of the 2017 financial year after announcing the “transformational” acquisition of a Sydney-based electrical contractor.

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

WA Super has made two executive promotions. General manager, client services Paul Owen has been elevated to chief operating officer, while head of advice Quyen Truong has joined the executive team as general manager, advice and distribution.