US venture capital firm Technology Crossover Ventures (TCV) has invested NZ$28.5 million ($20 million) in New Zealand-listed accounting software company Xero. It will facilitate a partial exit for existing backer Matrix Capital.
US-based private equity firm Platinum Equity has agreed to buy business products supplier OfficeMax’s Australia and New Zealand businesses from its owner, US-based Office Depot.
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has increased its buyout offer for Australian lottery operator Tatts Group. It now values the company at A$7.6 billion ($5.7 billion).
Australia’s Blackbird Ventures has led a A$5 million ($3.7 million) Series A funding round for Fleet, a domestic space technology start-up targeting growth in the internet of things (IoT) industry.
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
New Zealand Superannuation Fund (NZ Super) has participated in a NZ$247 million ($172 million) investment in Kiwibank, a banking and finance services provider controlled by New Zealand Post.
First Super, an Australian pension fund that represents workers in the timber, pulp and paper and furniture and joinery industries, has suspended its PE investment program over concerns about poor labor practices in portfolio companies.
Adamantem Capital, an Australia-based mid-market PE firm set by former executives from Pacific Equity Partners (PEP), has acquired New Zealand’s Heritage Lifecare for an enterprise valuation of NZ$115 million ($80 million).
L Catterton Asia, the Asia arm of global consumer-focused GP L Catterton, has purchased Colombian beachwear brand Maaji in a bolt-on acquisition for its Australian swimwear brand Seafolly.
Sequoia Capital India has made its debut investment in an Australia-based start-up, leading a A$26.7 million ($20.2 million) Series C round of funding for HealthEngine, an online healthcare marketplace.
Pacific Equity Partners’ (PEP) acquisition of food supplier Leader Products and CHAMP Private Equity’s purchase of several shipping and freight assets have won regulatory approval in New Zealand.
HgCapital has agreed to invest NZ35.5 million ($25 million) in New Zealand industrial software specialist Gentrack to support an acquisition and expansion process in the UK.
In response to rising LP demand, Square Peg Capital left its deal-by-deal days behind and raised a formal VC fund. The firm is targeting start-ups in Australia, Southeast Asia and Israel
Vantage Asset Management has reached a first close of A$20 million ($15.2 million) on its third Australia-focused fund-of-funds. The vehicle, which launched in February 2016, has an overall target of A$100 million.
The Riverside Company has appointed a second partner in six months in Australia, with the promotion of Steven Spiteri, who has been with the firm since 2010.
Pioneer Capital sees the closing of its third fund at the hard cap of $180 million as confirmation that private equity in New Zealand has become more mainstream
GPS, an Australia-based shareholder services and corporate governance consultancy, has been acquired by global counterpart Morrow Sodali in a deal supported by Italian government-controlled PE investment unit Simest.
US venture capital firms Data Collective and Promus Ventures have joined a number of existing investors in a $75 million Series D funding round for US and New Zealand-based aerospace company Rocket Lab.
Secrecy was paramount as TPG Capital abandoned plans to list Australia's Alinta Energy in favor of negotiating a $3.1 billion trade sale to Hong Kong-based Chow Tai Fook Enterprises
Square Peg Capital, an Australian venture capital firm set up by Paul Bassat, co-founder of job listings site Seek, has closed its debut fund at A$234 million ($180 million), exceeding the A$200 million target.
US-based early-stage investor 500 Startups has agreed to establish its Australian headquarters in Melbourne after receiving financial support from the state government of Victoria.
Australia-based VC investor Followtheseed has launched a $50 million fund to invest in global early-stage start-ups.
SproutX, an Australian accelerator focused on agricultural technology, has raised A$10 million ($7.7 million) for a venture capital fund. Artesian Venture Partners will act as investment manager.
Hong Kong's Chow Tai Fook Enterprises (CTFE) has agreed to buy Australian power utility Alinta Energy, providing an exit for TPG Capital.