Brookfield Asset Management

Origin’s Largest Shareholder Turns Down Chance to Join Takeover Consortium

13Nov

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Origin’s Largest Shareholder Turns Down Chance to Join Takeover Consortium

Nov. 13, 2023 12:33 am ETSYDNEY—Origin Energy’s largest shareholder said it rejected an offer to join the Brookfield Asset Management-led consortium trying to buy the Australian power retailer and generator.AustralianSuper on Monday said that the consortium had offered it the chance to discuss taking an interest in Origin on successful completion of a proposed takeover worth around US$10.50 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Brookfield Asset Management Sees $150 Billion Fundraising Goal Within Reach

Nov. 6, 2023 7:46 pm ET|WSJ ProBrookfield Asset Management remains confident that it can reach its goal of raising $150 billion in new investment capital this year after banking $26 billion in the third quarter alone.The publicly traded infrastructure-focused investment firm controlled by Brookfield Corp. said it amassed $61 billion this year through September. That included $715 million in commitments to its sixth private-equity fund during this quarter. The fund wrapped up roughly a month ago with $12 billion, making it Brookfied’s largest vehicle for the strategy.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad ...

Origin’s Largest Shareholder to Vote Against Brookfield-Led Takeover

SYDNEY—Origin Energy’s largest shareholder will vote against the Australian company’s takeover by a Brookfield Asset Management-led consortium, saying its near US$10 billion proposal significantly undervalues the energy retailer and generator.AustralianSuper, which holds a near 14% stake in Origin, on Tuesday said that the deal’s valuation multiples are significantly lower than those in recent relevant transactions and the trading multiples of comparable companies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8