Blue Sky appoints third CFO in seven months

Blue Sky appoints third CFO in seven months

Embattled investment group Blue Sky Alternative Investments (ASX: BLA) is attempting to right the ship with its third CFO in seven months.  Justine Henwood has been appointed as the new chief financial officer just months after the sudden resignation of her predecessor Elizabeth Walker. Walker resigned for personal reasons just t...

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Cannabis Doctors Australia launch crowdfunding campaign with big ambitions

Cannabis Doctors Australia launch crowdfunding campaign with big ambitions

The minds behind fast-moving medicinal cannabis clinic chain Cannabis Doctors Australia (CDA) have big plans for their venture, and they begin today with an Australian-first crowdfunding campaign. CDA is the first medicinal cannabis company in Australia to embark on an equity crowdfunding campaign since the method of capital raising was l...

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Superloop and QIC fail to come to agreement

Superloop and QIC fail to come to agreement

QIC's proposed $494 million takeover of Superloop (ASX: SLC) is dead in the water after the two parties could not come to a suitable transaction offer. Superloop says that after opening up the books to QIC Private Capital for a three-week period of exclusive due diligence neither party could come to an agreement. "The announc...

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VentureCrowd grows with SMSF Properties Australia acquisition

VentureCrowd grows with SMSF Properties Australia acquisition

VentureCrowd is now the largest crowdfunding platform in Australia by volume of capital raised following its acquisition of SMSF Properties Australia. The consolidated group brings together VentureCrowd, a more traditional crowdfunding platform, with SMSF, a crowdfunding model for property investment and development. The deal creates ...

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Pippa Hallas' decade of bold moves as CEO of Ella Bache

Pippa Hallas' decade of bold moves as CEO of Ella Bache

In the ten years that Pippa Hallas has been CEO of Ella Baché she has steered the iconic company through uncharted waters. While newer brands have had the advantage of youth to see them survive and thrive the beginnings of social media, the 83-year-old skincare company has had to make a complete overhaul. When Hallas took over ...

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Uniti Wireless buys Call Dynamics two weeks after taking over partner company

Uniti Wireless buys Call Dynamics two weeks after taking over partner company

Uniti Wireless (ASX: UWL) has announced its takeover of Call Dynamics, the fast-growing Communications Platform-as-a-Service company founded by IT and telecom veterans Stuart Marburg and Tim Syratt. Call Dynamics is a company which focuses on inbound voice services, call tracking and call handing services which it provides to small busine...

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Cannabis duo teams up off the back of export breakthrough

Cannabis duo teams up off the back of export breakthrough

It's been a morning of revelations for one of Australia's biggest cannabis players THC Global (ASX: THC). Up until now the company has been a developer of medicinal cannabis and a distributor of hydroponics equipment, but now THC is going global with a new export license approved by the Office of Drug Control. The license will...

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Dulux posts first results since major Nippon takeover announcement

Dulux posts first results since major Nippon takeover announcement

Profits have dipped slightly at DuluxGroup (ASX: DLX) in 1H19, however its outlook on the full year remains rosy ahead of its likely takeover by Japanese giant Nippon Paint. Dulux posted a net profit after tax (NPAT) of $68.2 million, down 4.1 per cent on the FY18 result of $71.1 million which was positively adjusted to account for the on...

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Blue Sky's Alternative Access Fund cuts supply to mothership

Blue Sky's Alternative Access Fund cuts supply to mothership

Last week, embattled investment fund Blue Sky (ASX: BLA) announced it was not going to meet the terms of a $50 million loan from US-based Oaktree Capital Management. A heavy-handed approach has been the response from the company's Alternative Access Fund (ASX: BAF), which has opted to cut supply to its parent while it considers t...

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Weaker market shifts guidance down a gear for AHG

Weaker market shifts guidance down a gear for AHG

Automotive Holdings Group (ASX: AHG) may see its profits fall 11 per cent on previous guidance due to issues with its retail and refrigerated logistics arms. The company, which is in the midst of a takeover bid from competitor AP Eagers (ASX: APE), today downgraded its net profit after tax (NPAT) forecast for FY19 down from $52-56 million...

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IPO pushed back for Australian Family Lawyers

IPO pushed back for Australian Family Lawyers

Offers for a backdoor listing of Melbourne-headquartered Australian Family Lawyers (AFL) have been extended by almost a month while the company undertakes discussions with the ASX. A reverse takeover of Navigator Resources (ASX: NAV) was approved by shareholders in April with expectations the IPO would raise $6.5 million by the time ...

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Steve Baxter backs "Canva for video" tech startup

Steve Baxter backs "Canva for video" tech startup

A Brisbane-founded company that brings easy-to-use video editing to the masses has raised $1 million in a seed round led by entrepreneur Steve Baxter, known for his role on the hit show Shark Tank and co-founding PIPE Networks. Launched in April last year, Clipchamp has 6.5 million registered users worldwide, including team members f...

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Short seller VGI Partners launches $75m IPO

Short seller VGI Partners launches $75m IPO

The hedge fund behind the short selling attacks on Slater & Gordon and Corporate Travel Management has launched a $75 million initial public offering (IPO). VGI Partners lodged the IPO this morning, with ordinary shares being offered under at a price of $5.50 per share, implying a market capitalisation of $369 million. The hedge f...

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First stage complete for $100m Gold Coast marina upgrade

First stage complete for $100m Gold Coast marina upgrade

Boat Works' northern superyacht precinct development on the Gold Coast has its new 'dry marina' now operational as the first stage of a $100 million upgrade due for completion in October this year.  Works for the Longhurst family's ambitious venture in Coomera only started seven months ago and will effectively double ...

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Meet the young CEO of a leading international cyber security firm

Meet the young CEO of a leading international cyber security firm

For most people, the age of 19 usually indicates the first year of University, and the beginning of a career, perhaps an unpaid internship. For Sam Crowther (pictured), CEO of cyber security firm Kasada, 19 is the year he founded a company that would go on to become a major international player. I know, I gasped too. With cybersec...

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Blue Sky fails to meet Oaktree loan conditions

Blue Sky fails to meet Oaktree loan conditions

After warning the market that it might not be able to meet the conditions of a $50 million loan from US-based Oaktree Capital, Blue Sky Alternative Investments (ASX: BLA) has confirmed it is in breach of a financial covenant in relation to earnings. The troubled investment group has confirmed to shareholders that it did not meet its oblig...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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BioPak and Qantas launch first ever zero-waste flight

BioPak and Qantas launch first ever zero-waste flight

Environmentally friendly packaging company BioPak has partnered with Qantas to see the world's first zero-waste flight take off. Launching from Sydney and landing in Adelaide earlier today the flight saw BioPak take control of the plane's food packaging as part of a zero-waste trial. BioPak's compostable packaging will be ...

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Home diagnosis tech prepares IPO for US expansion

Home diagnosis tech prepares IPO for US expansion

What the introduction of the thermometer was to checking fevers, a new series of Australian-developed tools could be for diagnosing infectious diseases like the flu and tuberculosis (TB). Ellume managing director and founder Dr Sean Parsons is a clinician himself and has witnessed firsthand the capacity constraints at health facilities to...

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