Lonsec snaps up van Eyk's iRate, customers

November 2014: Research and investment consulting house Lonsec is focused on retaining van Eyk's financial planning customers, after agreeing to buy the failed company's iRate technology and client base from its administrators.

The parties did not disclose terms of the transaction in a statement on Thursday, but the deal covers several hundred planning practices which service about 3000 financial planners.

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Carnegie on a mission to change debt

July 2014: Prominent investor Mark Carnegie has teamed up with fixed income dealer FIIG to create Alternate Debt Services, which will link high-growth companies with private debt from investors ­chasing yield.

MH Carnegie & Co, Mr Carnegie's venture capital and private equity fund, and FIIG, which has been arranging bonds for small caps, both say they have identified a "market gap" where borrowers are too risky for bank loans or simple corporate bonds but are not risky enough to produce the returns of more than 20 per cent demanded by Mr Carnegie's equity funds.

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Indonesia enters new time of living dangerously

July 2014: Poll result Both aspirants to lead this huge nation have visions for its future. But the result must not be stolen in a dodgy legal process. Mark Carnegie

There is big trouble in Indonesia. The two presidential candidates are both claiming electoral victory and neither is backing down. If Joko Widodo is named the winner as expected and Prabowo Subianto pushes ahead with the challenge he has threatened, then things could get very ugly.

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Carnegie's FMCG goes big on small

July 2014: Mark Carnegie's private equity firm has taken a stake in baking minnow ­Modern Baking and is looking to raise $100 million for a new fund targeting more small fast-moving consumer goods businesses.

MH Carnegie investment director Mark De Ambrosis said the investment was the first of many to come and his team was hunting for similar opportunities in FMCG (fast-moving consumer goods). "We are currently looking at six or seven other businesses," he said.

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Carnegie fights for structure change

June 2014: Investor Mark Carnegie has warned the boards of Washington H Soul Pattinson and Brickworks the push to dismantle the cross-shareholdings won't go away when his agreement with Perpetual expires at the year's end, in his first interview since lodging an explosive cross-claim in the Federal Court.

"Our involvement is a sideshow," Mr Carnegie told the Financial Review Sunday program. "Perpetual have been a shareholder in this company for nearly two decades. They are the most significant shareholder. They have had proposals which have been brought to them by other people. They have had arrangements with other people. They want this situation to stop. They will continue to pursue."

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Harvey's Entertainment Quarter hopes

June 2014: Billionaire retailer Gerry Harvey has "grand plans" for the struggling Sydney Entertainment Quarter, after acquiring the leasehold for $80 million from ­Colonial First State Retail Property Trust and one of its wholesale funds.

Mr Harvey acquired the leasehold as part of a consortium that included advertising mogul John Singleton and investment banker Mark Carnegie, who bought in through his private equity fund, ­Carnegie Private Opportunities Fund No.1.

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Support for new approach to raise capital

June 2014: Small companies should be allowed to raise capital in the same way websites such as Kickstarter encourage consumers to commit funding to new products, qualifying them to become share­holders in the company, according to a ­government review.

Investors and start-ups said the scheme would close a funding gap for start-ups seeking between $1 million and $3 million to launch their product or idea. But they warned the move would need caution, to avoid start-ups becoming inundated with thousands of new shareholders.

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New laws won't help old media: Carnegie

March 2014: Changes to Australia's media-ownership laws would just be rearranging deckchairs on the Titanic, says prominent investor Mark Carnegie.

Mr Carnegie said the prospect of changes to media ownership was to some extent driving share-price rises in ­traditional media companies, but ­loosened laws would not guarantee their survival. "The whole thing here is that the media that people talk about is becoming smaller and smaller and smaller, ­compared to the media that is SEEK, ­Carsales.com.au and REA,'' Mr Carnegie said. ''They get on with making money day after day."

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