Australia’s Advent sees 2.5x return on Locker investment
Advent Private Capital has sold metal products manufacturer Locker Group Holdings to US-based Valmont Industries, generating a 2.5x money multiple on its investment. According to AVCJ Research, the Australian GP acquired an 80% stake in Locker just over six years ago through a leveraged deal that valued the business at A$109 million (then $83 million).
Locker produces perforated and expanded metal products used in industrial flooring and handrails, as well as screening devices for the industrial and mining sectors. The company, which was founded in 1956,...
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.