Company
Every investor coverage indicates participated in a round KordaMentha raised.
Companies KordaMentha acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming KordaMentha. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Edge Early Learning, a Brisbane childcare chain backed by HEAL Partners, Centennial Property Group and Normanby Capital, has gone into administration under KordaMentha following a rental standoff with Arena REIT, its landlord.
Administrators from KordaMentha now control childcare operator Edge Early Learning after a failed rescue, despite April cash support from its biggest shareholder, HEAL Partners.
Zen Energy faces liquidation after administrators blamed its risky solar-heavy trading strategy; its Zen Futures infrastructure unit was sold for $45 million, and creditors look likely to recover little.
Administrators McGrathNicol say troubled renewable retailer Zen Energy must liquidate, blaming a risky trading strategy; creditors face heavy losses, its infrastructure arm was sold for $45 million, and a Gunvor retail deal collapsed.
Sydney e-waste recycler Sircel has been put into voluntary administration, an appointment its directors dispute, stunning Australia's solar recycling sector; the piece recalls Kilara Capital's $5 million backing and industry warnings.
Also RenewEconomy
South Australia has appointed Korda Mentha administrator over OneSteel Manufacturing, taking control of the Whyalla steelworks from GFG Alliance, while the state's promised hydrogen funding stays uncommitted and sale options are explored.
Weekly roundup of readers' top five stories: Gilmour Space's $55m Series D raise, a $50m MRFF grant for an artificial heart consortium, K-TIG entering administration, defence budget news, and Queensland's return to venture investing.
KordaMentha controllers, appointed by creditor 1Venture, now control collaboration software firm LiveTiles and are weighing sale or recapitalisation options, with ASX trading halted and an earlier Bigtincan takeover offer lapsed.
Sydney dairy tech startup Made By Cow has entered voluntary administration and ceased production, with KordaMentha appointed and its patented milk technology and equipment flagged as possible buyer prospects.
Also AgFunderNews
Administrators KordaMentha sold monogrammed fashion label The Daily Edited to Bernie Brookes' BJM, price undisclosed, while Kogan.com separately bought collapsed furniture retailer Brosa for $1.5 million.
Kogan.com has bought collapsed online furniture seller Brosa out of administration for $1.5 million, promising to fulfil customer orders, while the piece recalls Brosa's earlier venture raises and Kogan's past distressed-brand purchases.
Kogan has bought collapsed online furniture retailer Brosa out of administration for $1.5 million, a week after administrators KordaMentha were appointed, and will fund delivery of outstanding customer orders.
Also Startup Daily
Furniture ecommerce firm Brosa has entered voluntary administration with KordaMentha appointed and seeking buyers, after earlier venture raises from AirTree, Bailador and BMY Group.
Deliveroo's Australian arm, in administration with KordaMentha, has proposed an $18.8 million deed of company arrangement for creditors as its UK parent withdraws; grocery deliverer Voly and rival Send also ceased operations this year.
Furniture e-commerce firm Brosa has entered voluntary administration after pandemic-era growth reversed, with administrators appointed to run a sale process; the article also recalls earlier backing rounds.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
GetSwift's Australian subsidiary has been put into liquidation with KordaMentha, while its US-listed parent filed for Chapter 11 after court findings over misleading customer deal announcements; earlier ASX listing and raises are recalled.
Also Startup Daily