Ledger.

Company

Australian Competition and Consumer Commission

Coverage

Stories naming Australian Competition and Consumer Commission. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Grant $20m

Recycling Plastics Australia in administration despite plan to fill gap left by REDcycle

South Australian soft plastics recycler Recycling Plastics Australia, recipient of a $20m federal grant, has entered voluntary administration with KPMG appointed, after a major supplier's collapse derailed its plan to fill REDcycle's gap.

Exit / M&A

Zen Energy sinks despite 11th-hour rescue efforts, blaming volatile market as banks and networks get cold feet

Renewable utility Zen Energy has entered voluntary administration despite regulators clearing Gunvor to buy its retail business; McGrathNicol is administrator and customers moved to AGL.

Also RenewEconomy·RenewEconomy·RenewEconomy

Funding announcement

Swiss commodity trader gets approval to buy Zen retail business and PPA deals. Will it take on Big 3?

Competition regulator approval lets Swiss trading giant Gunvor proceed with buying Zen Energy's retail arm and power purchase agreements; terms undisclosed. Article weighs whether the newcomer will challenge Australia's dominant gen-tailers.

Funding announcement

Swiss commodity trader gets approval to buy Zen retail business and PPA deals. Will it take on Big 3?

The competition regulator has cleared Swiss trader Gunvor to buy Zen Energy's retail arm and linked PPAs; terms undisclosed. The article asks whether the deep-pocketed newcomer will challenge Australia's big three gen-tailers.

Grant $2.1m

Manufacturing news briefs — stories you might have missed

Roundup of Australian manufacturing items: gold-nanoparticle cancer diagnostics research, a medical research endowment's ten-year mark, a footballer's ambassador role, EU research program accession talks, a pectin producer's government grant, and battle-tank trainers.

News

Abu Dhabi’s takeover bid for Santos raises Australian national interest concerns

Analysis of ADNOC's proposed cash takeover of Australian gas producer Santos, arguing the deal may harm domestic gas supply and national interests, with government, regulators and shareholders able to block or condition it.

4 deals

Manufacturing news briefs — stories you might have missed

Manufacturing news roundup: GreenHY2 and Atomo Diagnostics receive government grants, Seaport Therapeutics closes a US$225m Series B, Orthocell secures $17m, Genevo Marine opens a crowdfunding offer, and the ACCC clears Accolade's wine acquisition.

3 deals

Manufacturing news briefs – stories you might have missed

Roundup: BrainChip's completed placement plus an LDA Capital stake sale, Arafura's committed raise, a $76m Queensland regional fund, ARENA and ACCC appointments, a Tryp advisory hire, and Steel Cement's licence approval.

4 deals

Manufacturing news briefs – stories you might have missed

Manufacturing roundup: Australian Vanadium and entX land government grants, Hexagon Energy Materials completes a $1 million round, Australian Dairy Nutritionals appoints a CEO, Aurora Labs adds a director, plus vessel, export and research briefs.

8 deals

DOG'S BREAKFAST: Pet Circle's $75m raise from US VC a rare highlight for Australian startups amid a 42% fall in funding for September quarter

Cut Through Ventures' quarterly analysis shows Australian startup funding down 42% year-on-year at A$739 million over 77 deals, with Pet Circle's $75 million Series D from Prysm Capital the period's largest round.

Also SmartCompany·RenewEconomy·@AuManufacturing

3 deals

Pharma giant Pfizer wins over telehealth startup ResApp Health with $179 million takeover

Pfizer has completed its takeover of ASX-listed telehealth diagnostics company ResApp Health for $179 million, with the article recalling the company's 2015 listing, earlier raises and a Gates Foundation grant.

5 deals

Ignition Lane's Wrap: the state of Cloud, VC advice, Tiger stripes, cattle class crypto, M&A fires up

Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.

Also Startup Daily

12 deals

Ignition Lane's Weekly Wrap: The unicorn boom, valuations heading south, Meta faces legal squeeze

Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.

2 deals

Manufacturing news briefs – stories you might have missed

Roundup reporting Singular Health's IMCRC grant for 3D-printed medical seals, Viva Energy's fuel security payment, a fine over a worker's death, and the national battery recycling scheme's launch.

Unnamed stage $700k

x15ventures invests further $0.7m in Identitii subsidiary Payble

Commonwealth Bank's venture scaler x15ventures is putting a further $700,000 into Payble, the payments subsidiary of ASX-listed Identitii, following its initial backing last year as Payble signs its first energy customer.

Also Startup Daily·SmartCompany·Startup Daily

14 deals

Ignition Lane's Weekly Wrap: Unicorns galore, online marketplaces put on notice, VC pyramid schemes

Weekly roundup reporting Invoice2go's sale to Bill.com, raises by Go1, Employment Hero, InDebted and others, Rokt's secondary sale, Wildcard Ventures' launch, plus global deals including Zoom-Five9 and Salesforce-Slack.

Also Startup Daily·SmartCompany

Grant $862.1k

Manufacturing news briefs – stories you might have missed

News roundup: Das Studio to design Adelaide's Line Zero factory project, Adbri's Mawsons JV buys Milbrae, VEEM wins a modernisation grant, and Lithium Australia secures a European patent.

Unnamed stage

x15ventures invests $1 million in Identitii subsidiary, Payble

Common Bank's venture scaling entity x15ventures has invested $1 million for a minority stake in Payble, the bill-payments subsidiary of ASX-listed Identitii, its first minority equity investment, with Chris Austin joining Payble's board.

Also Startup Daily·Startup Daily

Exit / M&A

Your 90-second guide to the day in tech

Roundup covering Deliveroo's cut IPO price range, ACCC clearance for NAB's purchase of neobank 86 400, Compass Education acquiring Momentum ESR, Victorian government funding for Startmate, and NSW's digital lost property system launch.

3 deals

Your 90-second guide to the day in tech

Morning roundup covering US pressure over Australia's news bargaining laws, Deliveroo's big raise, Volopay's seed round before its Australian launch, AgriWebb's Series B, plus crypto and Samsung briefs.

Also Australian FinTech

Unnamed stage $100k

5 things you should know about tech today

Roundup covering Australian angel investing awards, Peloton's US listing, CEO departures at WeWork, eBay and Juul, a McDonald's Beyond Meat pilot, and open banking permissions for fintechs.

Also Startup Daily

Series A $1.5m

Financial advisers are backing a crowdfunding campaign for an $11 million independent ratings startup

Adviser Ratings, a Sydney-based startup that rates financial advisers, has launched a Series A crowdfunding campaign on Birchal, seeking $1.5 million toward marketplace and licensee-rating products; shareholders had already put in $1 million.

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