M&A

Downer EDI has sold its 49 per cent stake in a bus and light rail joint venture with French public transport operator Keolis for $132 million.

Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what's been touted as the largest-ever direct real estate transactions in Australia. 

White & Case has snapped up an IT and IP expert from Bird & Bird, citing the increasing need for technological expertise in M&A and private equity transactions. 

Personal injury firm LHD Lawyers has acquired Holding Redlich’s personal injury group, Work Injury Lawyers, bolstering the firm's presence in Victoria.

Global investment firm KKR has signed a deal to acquire renewable energy producer Zenith Energy, which provides services for Australia's off-grid mining industry.

Johns Lyng Group confirmed Wednesday it had received a takeover offer from Pacific Equity Partners for an undisclosed sum and has granted the private equity firm an exclusivity period to undergo due diligence.

Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.

Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.

Multinational real estate services and investment giant CBRE will acquire privately-owned commercial real estate agency Burgess Rawson.