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Latest Alex Waislitz News
Feb 1, 2023
Share ANZ Banking Group is bankrolling former Domain boss Antony Catalano’s new real estate digital media play, in a bid to get more mortgages flowing in to the bank’s $700 billion-odd loanbook. Street Talk can reveal ANZ is spending about $50 million on a material stake in View Media Group, the property technology company Catalano and business partner Alex Waislitz launched last year and that’s also backed by Seven West Media. Antony Catalano’s prop tech venture has snagged ANZ’s backing. Peter Braig The deal suggests Catalano’s keen to use his growing real estate media interests to get into mortgages and lending - or at least provide leads to a lender - while it shapes as another channel for ANZ’s mortgages business. View Media Group owns online property portal realestateview.com.au - which looks a lot like bigwigs REA and Domain - and has minority interests in a handful of AI and data businesses including Propic and comparison service Beevo. Seven West invested about $100 million last year , which included cash and contra advertising, and View Media Group hinted there would be more acquisitions bolted into the growing business. Advertisement The venture aims to use Catalano’s regional publishing business Australian Community Media (ACM), in combination with Seven’s metropolitan and regional television network, as well as its West Australian newspapers, to expand the real estate venture. Adding a bank is a logical way to expand the services even further. It’s interesting to see ANZ taking equity in the venture. Australia’s big four banks are all scrambling for ways to gain a larger slice of the country’s mortgages market, turning to M&A and partnerships with the likes of View Media Group to capture new customers and round out their home loans ecosystem. ANZ CEO Shayne Elliott was personally involved in stitching up the deal. Arsineh Houspian Sources said ANZ CEO Shayne Elliott was heavily involved in negotiations. At the same time, online real estate groups are trying to make the mortgage-hungry customers using their services for property searches. Australia’s biggest real estate play, REA Group, acquired listed mortgage broker Mortgage Choice in 2021 to beef up its offering. When Seven West bought in last year, it was expected to own about a 20 per cent stake, while Catalano and Waislitz retained about 20 per cent each. Spokespeople for ANZ and View Media declined to comment. Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter . Email Anthony at email@example.com Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at firstname.lastname@example.org Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at email@example.com Save
Alex Waislitz Investments
Alex Waislitz has made 5 investments. Their latest investment was in Immediation as part of their Seed on October 10, 2021.
Alex Waislitz Investments Activity
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