Two M&A deals in Australia’s financial services sector hit major turbulence in March, underlining some of the recent challenges in completing deals, including higher interest rates and the war in the Middle East.
Across four tranches, it the Singapore firm's inaugural Australian issuance and continues the infrastructure platform's fundraising momentum with its largest private placement.
Investors in the firm, which produces zero-emissions production of ammonia and nitric acid, include the Gates Foundation, Investible and Yara Growth Ventures.
If the deal is finalised, a combination of the US and UK global asset managers will control almost $2.5 trillion of assets under management; they both have offices across Apac.
Samantha Horton, group chief operating officer and head of international at Syfe, explained to FA some of the mechanics, challenges and attractions of the 2025 deal for the listed firm, and also future regional expansion plans.
The Japanese accommodation developer and fund manager has agreed to acquire a majority stake in the Australia and New Zealand student accommodation firm from Pamoja Capital.