Core Insights - The 2026 Australian wealth landscape is undergoing a significant transformation, with the billionaire rankings reflecting new economic growth drivers and wealth accumulation trends [1] - Traditional industries like mining, real estate, and retail are facing challenges from technology innovation, financial investment, and green energy sectors, indicating a fundamental shift in wealth sources [3] Group 1: Key Billionaires - Gina Rinehart remains the wealthiest individual in Australia, leading Hancock Prospecting, despite a AU$2 billion decrease in her wealth due to falling iron ore prices [5] - Andrew Forrest, founder of Fortescue Metals Group, is embracing green energy and has committed AU$750 million to rebuild Ukraine's energy infrastructure post-conflict [7] - Anthony Pratt, known for his packaging and recycling company Visy, is also a significant player in the corrugated cardboard market through Pratt Industries [9] Group 2: Emerging Entrepreneurs - Melanie Perkins, co-founder of Canva, is the youngest billionaire at 38, holding 18% of the company, which is preparing for a lucrative IPO in the U.S. market [12] - Mike Cannon-Brookes and Scott Farquhar, co-founders of Atlassian, achieved significant success but faced personal financial challenges due to Cannon-Brookes' divorce [15] - Clive Palmer, a controversial figure, continues to invest heavily in political advertising, spending AU$90 million during the 2025 federal election campaign [17] Group 3: Industry Trends - The rise of tech entrepreneurs and new billionaires is reshaping the Australian economy, highlighting a shift towards innovation and sustainability [3][18] - Established family business empires remain strong, but new entrants are eager to claim their share of the economic landscape [3]

Rinchem, a Stonepeak-backed chemical logistics and services company, is asking some lenders to accept losses as part of a debt deal to help finance its acquisition of Dupré, according to sources https://t.co/3oo7PXszN5 ...

Core Viewpoint - CMA CGM Group is acquiring 10 global ocean terminals through a joint venture with American private equity investor Stonepeak, marking a significant step in expanding its terminal operations in the U.S. and globally [1][2]. Group 1: Joint Venture Details - The joint venture, named United Ports LLC, involves a $2.4 billion investment from Stonepeak, which holds a 25% stake in the venture [1][5]. - CMA CGM will maintain a 75% stake in United Ports and will have full operational control over the terminals [5]. Group 2: Strategic Importance - The acquisition includes key terminals such as FMS in Los Angeles, Port Liberty in New York, Santos in Brazil, and Nhava Sheva in India, among others, enhancing CMA CGM's global terminal network [2][4]. - This partnership aims to leverage Stonepeak's infrastructure expertise to improve service quality and secure access to critical gateways [2][4]. Group 3: Industry Context - Container terminals are vital for global trade and are challenging to replicate, making this joint venture a unique investment opportunity in high-quality, strategically located assets [4]. - CMA CGM is the world's third-largest liner operator, with a fleet of 650 ships serving 420 ports, indicating its significant role in the shipping and logistics industry [2].

Exclusive: Investment firm Stonepeak has struck a deal with the French shipping company CMA CGM to create a U.S.-based port venture valued at around $10 billion https://t.co/iIwm1ED0Zx ...

Investment Activities - CPPIB is investing up to US$162 million in SC Capital, which has been a global institutional investor since 2022 [1] - CPPIB will also invest up to US$1.05 billion in a US$10.1 billion transaction for an indirect non-controlling interest in Castrol, expected to close by the end of 2026 [3] - Kelso & Co. has acquired a 25% stake in Wellington-Altus Financial Inc. for nearly US$400 million, with over 99% shareholder support [4] - Portage has closed a deal with Point72 Ventures to manage select fintech assets, moving them into a US$280 million continuation vehicle [8] Market Insights - Japan is highlighted as a key hospitality market due to strong inbound tourism and domestic demand, with SC Capital managing approximately US$9 billion in assets, 75% of which are in Japan [2] - The Canadian accredited investor market is projected to double between 2024 and 2029, prompting Maples Group to launch a fund administrative service for alternative investment funds [7] Real Estate Developments - BGO has entered the North American student housing market by acquiring a two-tower residential complex in Edmonton, which includes 272 residential units and 493 student beds [6]

Core Insights - Stonepeak is pursuing a stake of up to 15% in AM Green, valued at approximately $1.4 billion, marking a significant move in India's green energy sector [1][2] - The deal is expected to conclude within a month and will help AM Green repay $650 million in private credit while funding various projects [2] - Mitsui & Co. is also exploring a stake in AM Green, indicating strong interest from multiple investors in the company [3] Investment Details - AM Green plans to utilize part of the investment to repay a $650 million loan taken to acquire a 17.5% stake in Greenko Energy Holdings, which was valued at $7.5 billion [2] - The remaining funds will support AM Green's $20 billion capital expenditure strategy, focusing on bio-fuel, aluminium, and ammonia projects [2][6] - AM Green is constructing a 1 million tonnes per annum primary aluminium smelter and expanding its alumina refining and mining operations [6] Strategic Collaborations - AM Green has signed a memorandum of understanding with Mitsui for strategic collaboration on energy transition initiatives [3] - The company is also partnering with global logistics major DP World to enhance logistics and storage for green hydrogen and ammonia exports [11] Production Plans - AM Green aims to produce 5 million tonnes per annum of green ammonia, with the first project expected to be operational by 2026 [12] - The company has secured offtake agreements with major buyers, including Uniper, Yara, and Keppel, for its green ammonia production [12] Market Context - The investment landscape in India's green energy sector remains robust, with significant investments and projects underway despite challenges such as costly coal power agreements [14] - India's renewable energy sector has seen a dramatic increase in investment, totaling over $4.66 billion in the last quarter of the previous year, reflecting a 91.5% year-on-year growth [15]

Core Viewpoint - BP p.l.c. announced the sale of 65% of its Castrol business, a leading manufacturer and distributor of premium lubricating oils, to U.S.-based infrastructure investment firm Stonepeak [1] Group 1: Transaction Details - The sale involves a significant portion of BP's Castrol business, indicating a strategic shift in the company's focus [1] - The transaction highlights BP's ongoing efforts to optimize its portfolio and enhance shareholder value [1]

Core Viewpoint - BP p.l.c. announced the sale of 65% of its Castrol business, a leading manufacturer and distributor of premium lubricating oils, to U.S.-based Stonepeak [1] Group 1: Company Overview - BP is divesting a significant portion of its Castrol business, indicating a strategic shift in its operations [1] - The Castrol brand is recognized globally for its premium lubricating oils, highlighting its importance in the lubricants market [1] Group 2: Transaction Details - The sale involves 65% ownership transfer to Stonepeak, an infrastructure investment firm based in the U.S., suggesting a focus on investment in core operations [1]

Mergers and Acquisitions in China - Youbixun plans to acquire a controlling stake in Fenglong Co., Ltd. for 1.665 billion yuan, resulting in Youbixun holding 43.01% of the shares and becoming the controlling shareholder [1] - Sanya Luanmao has acquired 100% of Sanya Travel Industry's shares for 2.265 billion yuan, which includes the five-star hotel, the Ritz-Carlton Sanya Yalong Bay, with 446 rooms [2] International Mergers and Acquisitions - BP announced the sale of 65% of its Castrol brand to Stonepeak for approximately 6 billion USD, valuing Castrol at 10.1 billion USD, marking one of BP's largest and most successful asset disposals in recent years [2]

Core Insights - BP p.l.c. has agreed to divest 65% of its stake in Castrol to Stonepeak, creating a new joint venture while retaining a 35% stake, with an estimated enterprise value of $10.1 billion, leading to approximately $6 billion in net proceeds from the sale, expected to close by the end of 2026 [1][7] - This divestment aligns with BP's strategy to reduce its debt profile and focus on more profitable businesses, with a goal to divest $20 billion in assets, of which $11 billion is currently planned, aiming to reduce net debt to $14-$18 billion by the end of 2027 from $26.1 billion [2][7] - BP is divesting non-profitable businesses to strengthen its business model, believing these moves will enhance shareholder value and improve investor appeal in the long term [3] Industry Context - Other key players in the integrated energy sector, such as Exxon Mobil Corporation, Chevron Corporation, and Eni S.p.A., are also facing pressures due to low crude oil prices, with ExxonMobil projecting $25 billion in earnings growth and $35 billion in cash-flow growth by 2030 [4] - Chevron plans to increase its production from 2.6 million barrels of oil equivalent per day (MMBOED) in 2015 to 3.7 MMBOED by the end of 2025, with a capital expenditure plan of $18-$19 billion for 2026 [5] - Eni S.p.A. expects its daily production to rise to 1,710-1,720 barrels of oil equivalent by 2025, up from a previous forecast of 1,700 barrels [6]