SPC Global launches $100 million capital raise at a steep discount to slash debt

SPC Global launches $100 million capital raise at a steep discount to slash debt

Australian food and beverage manufacturer SPC Global Holdings (ASX: SPG) has launched a $100 million equity raising to dramatically reduce its debt load and "materiall...

Tasmea snaps up energy services provider JPS Group in deal worth up to $75 million

Tasmea snaps up energy services provider JPS Group in deal worth up to $75 million

Industrial services group Tasmea Limited (ASX: TEA) has acquired in...

Australians spend $29.7b on domestic overnight stays as day-trip surge drives tourism momentum

Australians spend $29.7b on domestic overnight stays as day-trip surge drives tourism momentum

Australians spent $29.7 billion on overnight domestic stays in the ...

NSW cracks down on real estate underquoting with fivefold increase in penalties passed into law

NSW cracks down on real estate underquoting with fivefold increase in penalties passed into law

The NSW Government has passed legislation that increases maximum pe...

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Board exodus at Hotel Property Investments after forceful takeover from Hostplus, Charter Hall

Board exodus at Hotel Property Investments after forceful takeover from Hostplus, Charter Hall

The majority of pub owner Hotel Property Investments' (ASX...

Domino’s flags 205 store closures in a bid to boost bottom line

Domino’s flags 205 store closures in a bid to boost bottom line

In a further push to improve profitability, fast-food giant Domino&...

REA Group boss Owen Wilson stepping down on a high as profit buoyed by surge in property listings

REA Group boss Owen Wilson stepping down on a high as profit buoyed by surge in property listings

REA Group (ASX: REA) chief executive officer Owen Wilson is steppin...

Quadrant Private Equity acquires majority stake in property advisory group Herron Todd White

Quadrant Private Equity acquires majority stake in property advisory group Herron Todd White

Sydney-based firm Quadrant Private Equity (QPE) has acquired a majo...

Steve Baxter’s Beaten Zone Ventures to deploy $10m in support of ‘forgotten’ Aussie defence techs

Steve Baxter’s Beaten Zone Ventures to deploy $10m in support of ‘forgotten’ Aussie defence techs

Beaten Zone Venture Partners, a specialist defence-technology ventu...

Sydney workplace safety Saas company Beakon acquired by UK multinational Ideagen

Sydney workplace safety Saas company Beakon acquired by UK multinational Ideagen

The UK-based multinational that acquired formerly ASX-listed Damstr...

Sydney hotelier Glenn Piper plans $40m eco-tourism rebirth for Hook Island resort in Whitsundays

Sydney hotelier Glenn Piper plans $40m eco-tourism rebirth for Hook Island resort in Whitsundays

Sydney-based hospitality group Epochal Hotels is planning a $40 mil...

Adelaide e-bike startup TAV Systems signs Indian distribution deal

Adelaide e-bike startup TAV Systems signs Indian distribution deal

Adelaide-based e-bike company TAV Systems is set to expand its&nbsp...

Westpac invests $10m in Lawpath as small-business legal platform doubles down on AI

Westpac invests $10m in Lawpath as small-business legal platform doubles down on AI

Westpac Banking Corporation (ASX: WBC) has invested $10 million in ...

The financial case for knockdown rebuild on established Australian land
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Entrepreneurship

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

Inspired by a medical diagnosis and driven by innovative marketing, Melbourne husband-and-wife team Kasey and Michael Giarratana have bootstrapped beauty brand Xali Organic...

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

Queensland-based biotech startup Gutgutgoose has been accepted into...

Scalare Partners rescues Fishburners from administration, boosting its presence in the startup space

Scalare Partners rescues Fishburners from administration, boosting its presence in the startup space

Sydney-based startup accelerator and investor Scalare Partners...

Sprout Organic's Selasi Berdie secures $8m buyout from NGS to take his infant formula company public

Sprout Organic's Selasi Berdie secures $8m buyout from NGS to take his infant formula company public

Gold Coast-based plant-based infant formula company Sprout Organic ...

MERGERS AND ACQUISITIONS

Tasmea snaps up energy services provider JPS Group in deal worth up to $75 million

Tasmea snaps up energy services provider JPS Group in deal worth up to $75 million

Industrial services group Tasmea Limited (ASX: TEA) has acquired in...

Lowes Petroleum boosts regional infrastructure arm with buyout of Tamworth engineering firm EMP

Lowes Petroleum boosts regional infrastructure arm with buyout of Tamworth engineering firm EMP

Regional fuel distributor Lowes Petroleum has acquired Tamworth-bas...

Credit Corp abandons $385m Humm Group takeover bid, bringing seven-month battle to a close

Credit Corp abandons $385m Humm Group takeover bid, bringing seven-month battle to a close

Debt collections  group Credit Corp (ASX: CCP) has walked away...

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Retail

Baby Bunting cuts profit guidance as rate hikes and softer spending bite in fourth quarter

Baby Bunting cuts profit guidance as rate hikes and softer spending bite in fourth quarter

Baby goods retailer Baby Bunting (ASX: BBN) has downgraded its full...

Accent Group shares shoot past $391m zero-premium takeover bid from UK retail giant Frasers Group

Accent Group shares shoot past $391m zero-premium takeover bid from UK retail giant Frasers Group

Shares in Australian footwear and apparel retailer Accent Grou...

Barbeques Galore closure caps brutal cull of iconic Australian retail brands that stood for decades

Barbeques Galore closure caps brutal cull of iconic Australian retail brands that stood for decades

The move to liquidate Barbeques Galore announced this week marks th...

Super Retail Group sets its sights on 110 new stores as Rebel brand targets regional markets

Super Retail Group sets its sights on 110 new stores as Rebel brand targets regional markets

Super Retail Group (ASX: SUL) has unveiled a five-year strategy to ...

Opinion

The fluency trap: managing the most insidious risk in the AI era

The fluency trap: managing the most insidious risk in the AI era

In July last year, Deloitte Australia handed the federal government...

The lending risk most business owners aren't pricing in

The lending risk most business owners aren't pricing in

If you're planning to borrow in the current market, there's...

Battle of the Claws: the winning move in AI agent war is the one no one is selling

Battle of the Claws: the winning move in AI agent war is the one no one is selling

A Meta safety researcher recently watched her own AI agent delete h...

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Leadership

Loam Bio appoints US-based ag-tech veteran Rob Hranac as CEO in global scaling push

Loam Bio appoints US-based ag-tech veteran Rob Hranac as CEO in global scaling push

Orange-based agricultural biotechnology company Loam Bio has appoin...

Former Star Entertainment CEO Matt Bekier hit with six-year ban and $700,000 penalty for breaches

Former Star Entertainment CEO Matt Bekier hit with six-year ban and $700,000 penalty for breaches

The Federal Court has disqualified former Star Entertainment Group ...

ASX taps Euronext veteran Anthony Attia as new CEO after global search

ASX taps Euronext veteran Anthony Attia as new CEO after global search

Australian share market operator ASX Limited (ASX: ASX) has appoint...

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Property

NSW cracks down on real estate underquoting with fivefold increase in penalties passed into law

NSW cracks down on real estate underquoting with fivefold increase in penalties passed into law

The NSW Government has passed legislation that increases maximum pe...

Brookfield offloads construction giant Multiplex to Japan's Obayashi for $924m after years of losses

Brookfield offloads construction giant Multiplex to Japan's Obayashi for $924m after years of losses

Canadian investment group Brookfield has agreed to sell Australian-...

Former QRL boss Ben Ikin tapped to lead Queensland proptech firm SearchX

Former QRL boss Ben Ikin tapped to lead Queensland proptech firm SearchX

Brisbane-based property technology company SearchX has appointed fo...

Homecorp sells 75pc of $210m Florence Residences in a single weekend as Gold Coast demand runs hot

Homecorp sells 75pc of $210m Florence Residences in a single weekend as Gold Coast demand runs hot

Gold Coast-based developer Homecorp has sold 75 per cent of its $21...

CAPITAL RAISING & FINANCE

Women’s health platform Ovum triples valuation to $18m in a year after $4m seed round

Women’s health platform Ovum triples valuation to $18m in a year after $4m seed round

Australian women’s health startup Ovum has backed up a $1.7 m...

SavvyWise valuation hits $27.5m as accountants back AI tax platform’s $1.56m crowdfunding raise

SavvyWise valuation hits $27.5m as accountants back AI tax platform’s $1.56m crowdfunding raise

Perth-based AI tax research platform SavvyWise has closed a $1.56 m...

Clinical-stage biotech Racura Oncology raises $34.3m to fully fund three cancer drug trials

Clinical-stage biotech Racura Oncology raises $34.3m to fully fund three cancer drug trials

Clinical-stage biotechnology company Racura Oncology (ASX: RAC) has...

Scaleup Mediafund launches $25m fourth fund as media-for-equity model gains momentum

Scaleup Mediafund launches $25m fourth fund as media-for-equity model gains momentum

Scaleup Mediafund has launched its fourth media-for-equity fund wit...

Health

Women’s health platform Ovum triples valuation to $18m in a year after $4m seed round

Women’s health platform Ovum triples valuation to $18m in a year after $4m seed round

Australian women’s health startup Ovum has backed up a $1.7 m...

Clinical-stage biotech Racura Oncology raises $34.3m to fully fund three cancer drug trials

Clinical-stage biotech Racura Oncology raises $34.3m to fully fund three cancer drug trials

Clinical-stage biotechnology company Racura Oncology (ASX: RAC) has...

Biotech Memphasys secures supply deal with Monash IVF for Felix sperm selection system

Biotech Memphasys secures supply deal with Monash IVF for Felix sperm selection system

Sydney-based reproductive biotech Memphasys (ASX: MEM) has secured ...

Takeover target Monash IVF slashes full-year profit guidance as cycle volumes decline

Takeover target Monash IVF slashes full-year profit guidance as cycle volumes decline

Almost two months after rejecting a $350 million takeover bid ...

Technology

DorsaVi licenses robotics IP from Singapore's NTU in push beyond wearable sensors

DorsaVi licenses robotics IP from Singapore's NTU in push beyond wearable sensors

Melbourne-based wearable sensing and robotics company DorsaVi Limit...

WA startup Hyperion Systems unveils southern hemisphere's first 3D-printed autonomous vessel

WA startup Hyperion Systems unveils southern hemisphere's first 3D-printed autonomous vessel

Perth-based advanced manufacturing start-up Hyperion Systems has un...

Additive Manufacturing centre greenlights first five research projects unlocking $11m in investment

Additive Manufacturing centre greenlights first five research projects unlocking $11m in investment

The Additive Manufacturing Cooperative Research Centre (AMCRC), est...

Arkeus closes $25m Series A to scale manufacturing of AI-powered defence sensing technology

Arkeus closes $25m Series A to scale manufacturing of AI-powered defence sensing technology

Melbourne-based technology company Arkeus has closed a $25 mil...

Legal

SkyCity strikes $21m deal with South Australia to settle Adelaide Casino regulatory failings

SkyCity strikes $21m deal with South Australia to settle Adelaide Casino regulatory failings

Auckland-headquartered casino operator SkyCity Entertainment Group ...

ASIC seeks $35m penalty after HSBC admits to systemic scam-protection failures

ASIC seeks $35m penalty after HSBC admits to systemic scam-protection failures

The Australian Securities and Investments Commission (ASIC) is seek...

Former Star Entertainment CEO Matt Bekier hit with six-year ban and $700,000 penalty for breaches

Former Star Entertainment CEO Matt Bekier hit with six-year ban and $700,000 penalty for breaches

The Federal Court has disqualified former Star Entertainment Group ...

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