Bankers find sea legs for royalty
One well-known water type was relegated to land waiting for Prince Harry to take the newest Sydney Ferry route to Admiralty House. James Packer was getting the band back together waiting with Channel Nine boss David Gyngell and Channel Nine type Karl Stefanovic.
The prince (Harry) stuck with the Abbotts for an hour or so before more inspections. Later it was back to the Shangri-La for a view of the bright lights.
Marking territory
It was the two Marks backing the Sydney Roosters silvertails. Mark McInnes of Just Group Limited and Mark Bouris of Yellow Brick Road made the trek out west to Homebush for Sunday night's stoush in the corner of consummate networker and Roosters chairman Nick Politis.
Trading Buddy
While all the focus was on Sunday night's NRL finals, the AFL still can't quite share the spotlight - even though its season is well over.
The stealth-like operation that the Sydney Swans underwent to snare Lance "Buddy" Franklin smacks of the tactics used by investment bankers.
But given the incoming chairman of the footy club is none other than the funds manager and financial advisory group, Moelis & Company's Australian managing director, Andrew Pridham, such a quiet deal was not unexpected.
Having been the adviser to some of the higher-profile takeovers among the top tiers of commercial property trusts for years, as well as having a close relationship with many in the property industry such as Frank Lowy - not to mention Tony "Plugger" Lockett and former Swans no. 14 Paul Kelly - Pridham knows how to execute a deal.
And if he needed extra advice on how to lure Buddy over the border and sign a crafty contract, he can always turn to other Swans board members, including another property stalwart, Greg Paramor, who is no stranger to the machinations of tricky negotiations.
Being Nimble
Fresh from an $8 million private placement, online payday lender Nimble Australia is said to be testing the waters for a possible stockmarket listing. The Gold Coast-based Nimble - previously known as Cash Doctors Australia - is said to be in early talks with Melbourne mid-tier broker E.L. & C. Baillieu. Remember it was the house of Baillieu and Credit Suisse that recently kicked off the $215 million initial public offer of health insurance aggregator iSelect. What's the link?
With a $60 million lending book, Nimble shares some directors from iSelect, including iSelect founder Damien Waller and director Les Webb. In June, iSelect sold shares to new investors at $1.85 each; they last traded at $1.31 each.
Wedding crashes With the US government shutdown under way, the "what if?" question is often asked about such a situation happening in Australia. The wedding industry, for one, would grind to a halt, with federal MPs unable to perform their official functions such as bad dancing, going back for more to eat and rambling speeches.
Joyce sidesteps
While in Malaysia for a single-day study tour it was worth noting Barnaby Joyce was given a briefing by top Malaysian officials in Putrajaya outside Kuala Lumpur discussing rural and regional development issues.
"Power projects are also of vital importance and these incorporate extensive use of renewable energy, such as solar power," the then senator noted in his six-page write-up of the fleeting visit.
However, Joyce was determined to quickly stamp out any suggestions he had started to see shades of green. The renewable energy project "is not driven for a desire to reduce carbon emissions but to deliver power to remote areas where there are no electricity mains".
Frequently Asked Questions about this Article…
The article mixes social and business coverage, mentioning events on Sydney Harbour and the NRL/AFL world, and references companies and people such as Moelis & Company (Andrew Pridham), Nimble Australia (formerly Cash Doctors), E.L. & C. Baillieu, iSelect (and its directors Damien Waller and Les Webb), Just Group Limited, Yellow Brick Road, and media figures like James Packer and Channel Nine executives.
Andrew Pridham is Moelis & Company's Australian managing director and an incoming chairman of the Sydney Swans. The article notes his background as an adviser on high-profile takeovers and his close relationships in the property industry, suggesting he brings deal-making experience to the club's recruitment and negotiations.
The article describes the Swans' recruitment of Lance 'Buddy' Franklin as a 'stealth-like' operation that resembled tactics used by investment bankers. For investors, it highlights how corporate deal-making skills and influential business figures can play a role in high-profile sports signings and club governance.
According to the article, Nimble Australia, fresh from an $8 million private placement, is said to be 'testing the waters' for a possible stockmarket listing and is in early talks with Melbourne mid-tier broker E.L. & C. Baillieu. This indicates preliminary steps rather than a confirmed IPO.
The article notes that Nimble shares some directors with iSelect, including iSelect founder Damien Waller and director Les Webb. It also references iSelect's recent capital-market activity: a $215 million IPO was led by Baillieu and Credit Suisse, and iSelect shares sold to new investors at $1.85 and last traded at $1.31.
The article mentions a range of well-known figures including James Packer, Channel Nine boss David Gyngell, Karl Stefanovic, Prince Harry, Mark McInnes (Just Group Limited), Mark Bouris (Yellow Brick Road), and Roosters chairman Nick Politis among attendees and socialites at the Sydney Harbour gatherings.
During a brief study tour in Malaysia, Barnaby Joyce was briefed on rural and regional development and noted that power projects often incorporate extensive use of renewable energy such as solar. He emphasised that, in his view, those projects are aimed at delivering power to remote areas without mains electricity rather than being driven by a desire to reduce carbon emissions.
The article offered a tongue-in-cheek example, saying that if a US-style government shutdown happened in Australia the wedding industry could 'grind to a halt' because federal MPs would be unable to perform official functions — illustrating how a shutdown could disrupt everyday social events and services.
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