The Australian childcare industry could be in line for a shakeup with large New Zealand operator Evolve Education (ASX: EVO) announcing their expansion into the Australian market, starting with the acquisition of four centres in Melbourne. The acquisitions were funded from existing cash reserves with a total purchase price of A$11.8m and are expected to
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Australian medtech company MedAdvisor (ASX: MDR) has received a major boost in confidence following an oversubscribed capital raise which included an $11m investment from U.S healthcare solutions provider HMS (NASDAQ: HMSY). The investment from HMS comes alongside a further $6m raised from institutional investors bringing their total funds raised to $17m, all at an Offer
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Australian fashion retailer City Chic Collective (ASX: CCX) is set to significantly expand their exposure to the lucrative U.S fashion market following the acquisition of US-based plus-size retailer Avenue Stores LLC for $24.4m. With Avenue Stores going under the hammer via commercial auction, City Chic was successful with a bid of US$16.5m (approximately A$24.4m) for
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After a long road to the ASX which started in May 2018, Trigg Mining (ASX: TMG) has reached an abrupt junction having finally commenced trading, only to fall 30% from their IPO Offer Price on opening day. The journey commenced in May 2018 when the Perth-base potash explorer sought to raise $2 million from their
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The landmark decision by Magellan Financial Group (ASX: MFG) to not pay brokers a commission on funds raised has delivered mixed results with the financial giant raising $862 million from investors for the High Conviction Trust spinout, a notably small figure compared to their $92 billion in funds under management. In lieu of paying commissions
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Accounting firm operator Kelly Partners Group Holdings (ASX: KPG) has announced they have entered into an agreement to acquire a Melbourne CBD accounting firm, anticipated to build the group’s client group base, recurring revenue, and EBITDA. Acquisition of the 25-year-old Melbourne firm is anticipated to be completed in November and it is reported the deal
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With gold prices still sitting at lofty heights, Theta Gold Mines (ASX: TGM) has taken a major step forward in their South African gold operations with the AUD $550,000 purchase of a ball mill. The secondhand mill was previously used by Glencore with independent expectations confirming the mill to be in excellent condition. The purchase
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Plenty of market excitement has been spent around the likes of Afterpay Touch, and Zip Money over the past 24 months. The digital installment purchase and payment services are enjoying some serious momentum after seeing some explosive growth in users, both in retail partners, and end-use customers. While both of these stocks could enjoy a
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The 60 million individuals around the world who suffer from glaucoma could one day have a cure for the debilitating eye disease from NeuroScientific Biopharmaceuticals (ASX: NSB), with the company buoyed by initial results from their preclinical trials. The drug development company’s lead product, EmtinB – a therapeutic peptide which has had positive results for
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Their share price may suggest it to be a poorly kept secret, but Electro Optic Systems (ASX: EOS) has today announced the launch of a space communications business, an area which the company has spent more than $250 million researching over the past ten years. Key to their decision to spin out the new business,
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