The Monthly Recap - June

The Monthly Recap - June

June wrapped up the financial year with plenty of noise and plenty of momentum, and the FIFA World cup well underway bringing a palpable sense of energy. A few notable deals found the back of the net, with major real estate players like GPT Group, Stockland and Resimax at centre field, scoring key wins in a busy market. More than a few private equity firms are testing exits, seeing investment banks on the hunt for buyers as new sale processes hit the market. There has also been much chatter around a promised data centre boom, setting up for what could be a busy second half of the year. This report outlines select M&A deals, general market activity and significant news amongst private equity, investment banking & debt markets. We also include a short section on recent notable market movers.

M&A

• TPG sells Cocobella owner Made Group to Danone in a nearly $2b deal (AFR)
• IFM Investors gains majority control of $7.4b Atlas Arteria with 52.3% stake (AFR)
• Challenger mergers Fidante with Channel Capital to create $150b entity (AFR)
• GPT snaps up $1.2b in mall stakes from Lendlease (AFR)

Other Activity

• Brookfield exits Multiplex with $924m sale to Obayashi (The Australian)
• Quadrant sells Partnered Health to Bupa in $400m+ deal (AFR)
• Blue Owl’s STACK prepares $30b APAC data centre business for sale (The Australian)

Investment Banking News & Debt Markets

• La Trobe Financial lines up $750m refinancing post $3b valuation deal (AFR)
• FDC becomes biggest IPO of 2026, targets $970m market cap (AFR)
• KKR-backed Zenobe raises $400m asset-backed debt for fleet expansion (AFR)
• Charter Hall establishes $2b secured debt platform after balance sheet refinance (Capital Brief)
• Bain’s Perpetual takes 10 plus from ANZ in ongoing talent raid (AFR)

Market Moves

• Ex-Future Fund executive David Bluff joins Global Alternative Funds (AFR)
• RBC Capital Markets hires small-cap research veteran Julian Mulcahy (AFR)
• E&P Capital poaches UBS director Luke Taper for its institutional sales trading team (AFR)
• Former Goldman banker David Walsh joins Shaw and Partners as corporate finance director (AFR)
• RBC Capital Markets names James Redfern and Tom Beadle as directors in Mining and TMT (AFR)
• Lendlease appoints AustralianSuper’s Nick O’Neil as its new CEO (AFR)

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