Australian regulators want greater consistency in how superannuation funds report costs and fees to members. While sound in principle, the draft measure is problematic in practice, especially for private equity
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.
A stronger commodity price environment has spurred some opportunistic private equity investment in Australian mining services, but caution remains the mantra in this industry of capricious value drivers
Australia’s aged care segment continues to appeal to private equity investors. But GPs must be wary of the challenges posed by the government’s unique stake in the market
After more than 25 years between them at Pacific Equity Partners, Anthony Kerwick and Rob Koczkar departed in 2014 to pursue other opportunities. They have now joined forces as Adamantem Capital
Australia’s lower middle market is rich in investment opportunities but underpenetrated by private equity. Local family offices are increasingly keen on participating, although in their own way
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.
Insurance Australia Group (IAG) has agreed to establish a financial technology incubator in Singapore to focus on promoting start-ups targeting innovation in the insurance industry.
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
Pricoa Capital Group, a private debt investment group under PGIM, Prudential Financial’s global asset management business, has established a team in Sydney to target middle market opportunities in Australia and New Zealand.
Rokt, an Australia-based start-up that provides digital marketing services to e-commerce companies, has received a $15 million Series B round of funding led by Moelis Australia Asset Management.
Private equity investors in Asia are responding to an increasingly competitive deal-sourcing environment with a stronger focus on value-add, but successful implementation will require a cultural commitment
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Time Warner Investments has led a group of investors, including China’s Baidu Ventures, in a $27 million Series B funding round for New Zealand-based holographic technology company 8i.
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
Bain Capital Credit is targeting $750 million for an Asia-focused special situations fund to pursue direct lending, mezzanine debt and distressed asset opportunities across the region.
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
Finding a reliable local counterparty for a power purchasing agreement gave Equis the confidence to commit $302 million to solar projects in Australia
German healthcare services and equipment provider Fresenius Medical Care has agreed to take control of Australia’s Cura Group, a hospital operator backed by Intermediate Capital Group (ICG).
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
EIG Global Energy Partners has invested in Senex Energy and will partner with the Australian oil and gas producer on several of its projects.
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
Pacific Equity Partners (PEP) has agreed to buy Australian flour producer Allied Mills in a deal that values the company at A$455 million ($344 million).
Equis Energy has agreed to invest A$400 million ($302 million) in two solar energy projects in South Australia and Queensland, marking the Singapore-based renewable energy-focused GP’s first investment in Australia.