M&A

Baker McKenzie has recruited two new partners from Allens and King & Wood Mallesons to bolster the ranks of its energy and tax practices.

The Australian Competition and Consumer Commission has cleared the way for ASX-listed Cuscal's to acquire payment facilitation supplier Indue, saying it was unlikely to substantially lessen competition. 

Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.

The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.

Regis Healthcare has acquired two new aged care homes in regional Victoria for $45 million to meet growing demand for its services.

The receiver for Brazilian mining company Atlantic Nickel has prevailed in a second attempt to stay a case by Mining Services International, which brought a $1 billion claim over a terminated sale of a mine in Santa Rica.

Macquarie Asset Management has sold its data centre business Aligned Data Centers to a consortium led by BlackRock subsidiary Global Infrastructure Partners in a landmark $61 billion deal.

Spanish infrastructure giant Acciona has dropped its bid to acquire the $500 million East Rockingham waste-to-energy project in Western Australia, after a lengthy review by the ACCC.

The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.

In the first penalty to be handed down for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has agreed to cop a $5.8 million fine over a 2022 data breach that compromised the personal information of 223,000 customers of its Medlab business.