Australia
Australia's Advent buys VR gaming business
Australian lower middle-market private equity firm Advent Partners has agreed to take a majority stake in Melbourne-based virtual reality gaming company Zero Latency VR.
Australia's V2Food gets $53m Series B extension
Australian vegetarian meat brand V2Food has raised A$72 million ($53 million) in a Series B extension featuring Belgium-based impact investor Astanor Ventures.
Affinity exits Australia healthcare software business
Affinity Equity Partners has agreed to sell MedicalDirector, an Australia-based clinic management software developer, to Telstra Health for an enterprise valuation of A$350 million ($257 million).
EQT pursues $2.2b Australia software take-private
Iress, an Australia-listed software developer that serves the financial services sector, has invited EQT to conduct further due diligence following receipt of a take-private offer worth up to A$3 billion ($2.2 billion).
TDM, Sequoia lead Series F for Australia's Culture Amp
Culture Amp, an Australia-headquartered enterprise technology provider specializing in human resources (HR), has $100 million in Series F funding at a valuation of $1.5 billion.
Deal focus: Go1 adds layers to booming HR services niche
Australia’s Go1 gains traction with a B2B approach to a rapidly expanding human resources and workforce management software industry. SoftBank Vision Fund 2 is among the believers
Allegro-owned retailer completes $44m Australia IPO
Best & Less Group (BLG), an Australian baby, kids and womenswear retailer, has raised A$60 million ($44 million) through a domestic IPO, facilitating a partial exit for majority owner Allegro Funds Group.
Insight leads Series E for Australia's Employment Hero
Insight Partners has led a $140 million Series E round for Australian human resources services start-up Employment Hero at a valuation of $800 million.
Australia's Go1 raises $200m Series D at $1b valuation
SoftBank Vision Fund 2, AirTree Ventures, and Salesforce Ventures have led a $200 million Series D round for Australian workforce training start-up Go1 at a valuation of $1 billion.
Australia LPs: Revert to the mean
Engagement, efficiency, and accountability are the driving forces behind reforms to Australia’s superannuation system. But could private equity lose out in a race to the middle on returns?
NewView leads Series B for Australia's Eucalyptus
Silicon Valley-based NewView Capital has led a A$30 million ($22.4 million) Series B round for Australia telehealth platform Eucalyptus.
Australia's PEP to exit investor services business AST
Pacific Equity Partners (PEP) is poised to exit American Stock Transfer & Trust (AST), its longest-held portfolio company, following an agreement to sell the business to US-based Siris Capital.
Australia institutional investors buy 49% in Telstra's towers unit
Future Fund, Commonwealth Superannuation Corporation, and Sunsuper have agreed to buy a 49% interest in Telstra’s Australian mobile tower network at a valuation of A$5.9 billion ($4.4 billion).
Australian rocket developer gets $45m Series C
Australian rocket developer Gilmour Space Technologies has raised a A$61 million ($45 million) Series C round featuring local investors Blackbird Ventures and Main Sequence Ventures.
PE & gambling: Ante up
Private equity has exhibited consistent appetite for gambling-related assets amid pandemic-fueled uncertainty. Regulation remains a significant wildcard in Asia. Reputational risk, not so much
VC-backed Australia cloud business sold to US strategic
Panviva, an Australian cloud-based enterprise software provider backed by a number of venture capital investors, has been acquired by US counterpart Upland Software for about $23.3 million.
Australia carbon neutral courier raises $35m Series C
Sendle, an Australia-based package delivery provider for small businesses that claims to be 100% carbon neutral, has raised a $35 million Series C round led by local investor AP Ventures.
KKR impact fund backs Australasian edtech player
KKR’s global impact investment fund has agreed to acquire a majority stake in Australia and New Zealand-based Education Perfect, a provider of digital teaching and learning toolkits for schools, at a valuation of NZ$455 million ($320 million).
Deal focus: Australia’s ENA hits COVID-19 in the nose
Australian investors see hope in ENA Respiratory, a nasal spray specialist aiming to complement global COVID-19 vaccine programs with an immune system-boosting product