Investment Opps

Boral has entered into a binding agreement to acquire Headwaters Incorporated for around $2.6 billion USD. Boral intends to raise A$2,058m in new equity to partially fund the acquisition.

Insurance Australia Group today announced an offer to raise $300m with the ability to raise more or less. The Capital Notes are scheduled to pay quarterly floating rate discretionary distributions which are expected to be fully franked. The optional exchange date will be 15 June 2023, and they will mandatorily convert to IAG shares on 16 June 2025.

Autosports Group operates in the Automotive Dealership industry with a focus on Prestige and Luxury segments. They have announced an IPO to enable ASG to expand its existing operations, fund the Acquisition and to enhance its financial flexibility to pursue growth opportunities. In addition, the Offer will provide existing investors with an opportunity to realise a part of their investment, provide ASG with access to capital markets, provide a liquid market for Shares and assist ASG to attract and retain quality employees.

Bravura provides software products and services to clients operating in the wealth management and funds administration industries. The offer will be made under prospectus, and available to Sophisticated Investors. Following the lodgement of the Prospectus, a Broker Firm Offer will open.

Inghams Group has announced an IPO to raise approximately $767.6 million to $1,121.1 million, depending on the Final Price. Inghams is Australia and New Zealand's largest integrated poultry producer. The Indicative Price Range for the Offer is $3.57 to $4.14 per Share and the total number of shares on offer are between 214.7m and 270.8m. The Final Price will be determined at the conclusion of the Institutional Offer bookbuild process and may be set below, within or above the Indicative Price Range.