Australian Aged Care Partners, an Archer Capital portfolio company, has agreed to buy property group Lend Lease's aged care unit for A$270 million ($276 million). The transaction is expected to be completed by the end of March 2013.
Lend Lease's Aged Care unit owns and manages 30 aged care facilities across Australia with 2,338 beds and an additional 563 beds in the pipeline. The business was bought by Lend Lease as part of the Primelife...
GPs see increasing potential for later-stage investment in the Australian technology sector as early commercial successes and government encouragement help reshape the national psyche
Bain Capital Private Equity will divest its remaining 15% stake in Japanese restaurant operator Skylark, completing a gradual sale of the business it acquired in 2011 and took public three years later.
Sabre Partners and CDC Group have co-led a $26 million Series C round for Indian home healthcare business Portea Medical.
Chinese self-driving truck technology developer TuSimple has raised a $55 million Series C round led by Hong Kong-based hedge fund Composite Capital, with participation from Sina and Zhiping Capital.