M&A

Star Entertainment has finalised the first stage of the sale of its stake in Queen's Wharf Brisbane, disposing of its interest in owner Destination Brisbane Consortium to its Hong Kong joint venture partners.

US-based private equity giant Blackstone has reshuffled the leadership of its Australian real estate arm after head Chris Tynan stepped down for his role following a string of billion-dollar deals.

US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay. 

A Baker McKenzie partner specialising in M&A and private equity has made the jump to Johnson Winter Slattery.

In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.

Pacific Werribee shopping centre owner QIC says its misleading conduct case against co-owner Wadren and consulting firm KPMG is viable even in the absence of a defects finding in a related case against Probuild.

A judge has refused to disqualify himself from case managing Mayne Pharma's latest dispute with US drug maker Cosette over the collapse of their $672 million merger agreement, calling the bid “plainly premature”. 

Former chair of fintech Humm Group, Andrew Abercrombie, is seeking review of a Takeovers Panel ruling that found he misled investors about a takeover bid by Credit Corp.

Private equity firm Whiteoak has acquired architectural facade supplier Arcadia Consolidated, supporting the company as it implements an accelerated growth plan.

The Takeovers Panel has found that statements made by fintech Humm and its former chairman about a takeover bid by Credit Corp Group misled investors.