Trump rattles the tin

Good Morning,

NAB prepares job cuts, Labour has ruled out working with NZ First and ACT as coalition partners, Trump’s campaign has raised $7.1m (USD) following his mugshot & FIFA has suspended Spanish football federation president Luis Rubiales for 90 days.

Let’s jump in!

Before The Bell

News Summary

Weekend

• Labour has ruled out working with NZ First and ACT as coalition partners (Stuff)

• Three US marines have been killed, and a further 20 injured in a military aircraft crash (9 News)

• Virgin Australia has released a new bag-tracking service (9 News)

• NAB prepares job cuts (AFR)

• FIFA has suspended Spanish football federation president Luis Rubiales for 90 days after World Cup final kiss (9 News)

• Wagner boss Prigozhin has been confirmed dead (BBC)

• A cruise ship has crashed in Mallorca (BBC)

• Trump’s campaign has raised $7.1m (USD) following his mugshot (BBC)

Deal Flow

Investments / M&A

Australia & New Zealand

• APA Group has paid $1.7B (AUD) for Alinta’s Pilbara power assets (AFR)

• PAG Capital has acquired the Australian Venue Co from KKR for $1.4B (AUD) (AFR)

• Journey Beyond is on the sales block as its US owner (Hornblower Group) wants a $600m + (AUD) payday (AFR)

• Regal Funds has bought a 6.6% stake in Magellan (AFR)

• Alex Waislitz and Antony Catalano are working to buy View.com.au (AFR)

• JR Richards & Sons is for sale (AFR)

VC & Fundraising

• Blackbird has put $7m (NZD) into Kiki’s (Easyrent) seed round at a post-money valuation of $28m (NZD) (AFR)

Equity Raises

Australia & New Zealand

• Orora has enlisted Citi to help it raise over $1B (AUD) to fund its acquisition of offshore companies (AFR)

• APA has raised $750m (AUD) to fund its acquisition (AFR)

• Carlyle has invested $50m in biotech Opthea. Opthea are trying to raise $80m (AFR)

Debt, Restructuring & Bankruptcy

• There were some big deals in the debt market. Read more here

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