Australia buyouts: Downsizing
Bain Capital has completed two buyouts in Australia in the last five years. The first was a classic large-scale affair as accounting software firm MYOB was acquired from Archer Capital and HarbourVest Partners for around $1 billion in 2011. Three years later the PE firm completed another secondary buyout but with a far smaller ticket size: Boost Juice Bars was picked up from The Riverside Company for an enterprise valuation of approximately $170 million.
Bain is not alone in dipping into deals that are smaller than those readily associated with global and regional buyout firms. A number of domestic firms are doing it too: last year Archer Capital bought...
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