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Late rush ends year of deals for Macquarie

Macquarie Capital is seeing off the year with a rush of deals in WA.

The State’s leading deal-maker and corporate adviser for the year is coming off a busy three months, which has included advisory roles on Mineral Resources’ $US1.2 billion sale of a half-share in the Wodgina lithium project, the $17 billion Coles demerger and Quadrant Energy’s $US2.2 billion takeover by Santos.

“We’ll have our best year for a number of years,” local director John Stanning said.

“There’s good activity at the moment and the pipeline into next year is looking very good.”

Macquarie has maintained a strong office in Perth even after some other east coast investment banks that set up in Perth during the resources boom cut and ran after the economy softened.

Tim Joyce, who was in Perth last week with his co-Australasian chief of Macquarie Capital John Pickhaver and the firm’s natural resources boss Russell Keating, said the firm’s unbroken 27-year presence in Perth was important to its big and small clients in WA.

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