Bankers find sea legs for royalty
By · 7 Oct 2013
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7 Oct 2013
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Bankers find sea legs for royalty

Every investment banker's boat and more took to Sydney Harbour for the weekend's navy shindig.

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".
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