MELBOURNE: EQT Holdings Ltd., the holding company for Equity Trustees, said Monday it has received an unsolicited, nonbinding takeover proposal from U.S. private equity firm TPG Global LLC. The indicative offer proposes to acquire 100% of EQT’s outstanding shares through a scheme of arrangement at A$24.55 per share in cash, less any dividends declared or…
SYDNEY: Engineering and asset management firm Verbrec Ltd. (ASX: VBC) said Tuesday it has agreed to sell its registered training organization, Competency Training Pty Ltd, to RelyOn Australia Pty Ltd for A$11.5 million in cash. The deal, subject to customary conditions including approval from the Foreign Investment Review Board, will see all staff, facilities and…
The logistics and fuel trading company reported an underlying profit before tax of A$38.3 million, down 9.0% LAVERTON: K&S Corporation Ltd. (ASX: KSC) posted a statutory profit before tax of A$42.4 million for the fiscal year ended June 30, 2025, up 2.6% from the prior year, despite a 9.7% drop in operating revenue to A$744.8…
Group revenue rose 1.2% to A$418.5 million, while normalised EBIT climbed 2.8% to A$76.3 million SYDNEY: GWA Group Ltd. (ASX:GWA), a leading provider of water solutions for residential and commercial markets, posted a modest earnings increase for the fiscal year ended June 30, 2025, as disciplined execution offset broader economic pressures. Group revenue rose 1.2%…
Company’s pro forma EBITDA fell 2.8% to A$17.7 million SYDNEY: Adrad Holdings Ltd. (ASX: AHL), an Australian manufacturer of industrial heat transfer solutions and automotive aftermarket parts, reported an 8.9% rise in full-year revenue to A$153.1 million, despite a slight dip in earnings amid operational headwinds. The company’s pro forma EBITDA fell 2.8% to A$17.7…
SYDNEY: Cash Converters International Limited (ASX: CCV) has acquired 14 franchise stores across New South Wales, Queensland, and Victoria, continuing its aggressive expansion of corporate-owned outlets in Australia. The acquisitions include: All transactions were funded from available cash and completed at a blended earnings multiple of 4.3x EBITDA. The newly acquired stores are expected to…
SYDNEY: Saunders International Ltd (ASX: SND) said on Tuesday it will acquire Victoria-based water infrastructure firm Aqua Metro Pty Ltd and its associated entities in a deal worth up to A$30 million, marking its strategic entry into the water sector. The acquisition, subject to customary closing conditions and expected to finalize in the first quarter…