Rod Sims: New reforms will add commercial common sense into merger laws
The merger reforms reflect a healthy approach to increased competition in our economy which will benefit consumers, most businesses, and the wider economy, writes Rod Sims.
Aussie reusable cup company Huskee acquired by sustainable packaging company BioPak
With the ink on the partnership between Huskee and BioPak now dry, co-founder Saxon Wright says Huskee wants to be the largest reuse company in the world.
L’Occitane sells Melbourne-founded Grown Alchemist in $46 million deal
Melbourne-founded skincare brand Grown Alchemist will return to private ownership in a deal worth $46 million, two years after it was acquired by global beauty giant L'Occitane Group.
Small business fintech Prospa subject to $74 million takeover bid
Innovative small business lender Prospa is subject to a takeover bid worth nearly $74 million, which could sweep the fintech off the ASX five years after its much-hyped but tumultuous public listing.
Sara Lee rescued from administration, serving just desserts for 200 Australian workers
Beloved frozen dessert manufacturer Sara Lee has been rescued from administration, thanks to a buyout from a team with close family ties to the successful turnaround of Darrell Lea.
“Killer” buyouts: Small business acquisitions under Competition Taskforce scrutiny
Acquisition by a major company is the end goal for many small business founders, but the federal government's new Competition Taskforce promises to scrutinise Australia's deal-making scene -- and the "killer" acquisitions that make it harder for homegrown businesses to flourish on their own.
Zoë Foster Blake’s $21.8 million Go-To deal is the latest BWX skincare buy-back
Go-To Skincare co-founder Zoë Foster Blake, who sold a majority stake in the cult-favourite brand for $89 million just two years ago, has reclaimed ownership in a deal worth $21.8 million.
Collabosaurus changes hands in rare women-led tech exit
Jessica Ruhfus founded Collabosaurus in 2015 as a matchmaking tool to facilitate collaborations between brands.
Chemist Warehouse merger a potential boon for Aussie body wash, lolly brands
Growing Australian businesses with products stocked in Chemist Warehouse are excited by its proposed merger with pharmacy titan Sigma Healthcare -- and the prospect of Chemist Warehouse growing even further on the global stage.
Gina Rinehart forays into retail fashion with Driza-Bone acquisition
Propel Group is selling its water-resistant coat and apparel brand Driza-Bone to billionaire mining magnate Gina Rinehart via her S Kidman and Co pastoral company.
Queensland-based Beefy’s Pies acquired by Retail Food Group for $10 million
Beefy’s Pies may soon be available for franchising after an agreement was reached for the retail chain’s acquisition by listed cafe operator Retail Food Group for $10 million.
Why the acquisition of all-women founded Verve Super is a story worth telling
Co-founder Christina Hobbs shared news of the acquisition on LinkedIn, five years after launching the first superannuation fund to be led by women and tailored for women.