IFM Investors’ private equity unit has invested $80 million into software business Tally Group, which specialises in administering and billing for customers who use the grid for drawing and sending power. The transaction comprises a $45 million investment that can…
Daniel Houden was at dinner in Las Vegas with his father in February 2020 when the onset of the Covid pandemic triggered what would become the most tumultuous two years of his life. Houden had been in high school on…
Improves standing in the tertiary student accommodation market. Superloop has ramped up its standing in the tertiary student accommodation market with the planned acquisition of VostroNet for up to $50 million, earn-out payments inclusive. VostroNet is an infrastructure owner and internet…
John Meehan, Partner at Arma Partners, talks about how payment providers may take their decisions under macroeconomic volatility. Having continued its rapid evolution over the past year, the payments space is now feeling the impact of global macroeconomic headwinds and geopolitical…
As easy capital dries up, Australian fintechs – once market darlings – are putting their focus firmly on profitability rather than burning cash in pursuit of growth. This is creating more complicated dynamics for M&A with potential deal opportunities requiring…
ASX-listed broadband play Spirit Technology will sell its wholesale fixed wireless assets to privately-owned Maret Group and use the capital to fund growth in its SMB technology and cyber solutions businesses. Spirit Technology’s shares were in a trading halt while…
Australian private equity firm Colinton Capital Partners has led a $20 million capital raising for one of the country’s oldest fintechs, Moneytech. The deal sees Simon Moore’s Colinton Capital invest alongside CVC Emerging Companies Fund, which doubled down on an…
ASX-listed cybersecurity software vendor FirstWave has announced it has acquired managed services provider (MSP) software vendor Opmantek. Headquartered in the US and incorporated in Australia, Opmantek specialises in network management, automation and IT audit software to MSPs and medium-to-large businesses.…
Analysis 12:09 AEDT, 16 November 2021 Dynamics of a post-pandemic economy is set to drive the next wave of Australian telco sector consolidation, with accelerated digital transformation prompting increased demand for specialist offerings and Australian “COVID refugees” moving to regional…
“This is simply an unstoppable force taking shape — everyone, and I literally mean everyone, is talking to everyone.” The channel is entering mergers and acquisition (M&A) activity at an average rate of one deal every 52 hours across Australia…