Australia
Deep GP-LP relationships not defined by co-underwriting - AVCJ Forum
Institutional investors in Australia and New Zealand are looking to establish deeper relationships with portfolio GPs – and while co-investment is part of the dynamic, it doesn’t necessarily stretch to co-underwriting.
Trade buyer comes in for VC-backed Australian fintech player
Greensill, a UK-based enterprise financier with a global operations base, has acquired Australian VC-backed financial technology company Earnd.
Macro factors not slowing private debt in Australia - AVCJ Forum
Leveraged lenders focusing on Australia and New Zealand continue to see strong demand from financial sponsors, with the impact of global macroeconomic volatility likely to be delayed and perhaps muted.
ESG-related deals must be judged on commercial merits – AVCJ Forum
Institutional investors in Australia have reaffirmed their commitment to environment, social and governance (ESG) protocols – but as a factor within the decision-making process, not its sole driver.
TPG makes partial exit from Australia's Inghams
TPG Capital has generated proceeds of approximately A$66.9 million ($44.3 million) through a partial exit from Australian poultry producer Inghams Group, paring its stake to below 10%.
Australia fintech player InDebted raises $9m Series A
Carthona Capital and MassMutual Ventures have led a A$14 million ($9.2 million) Series A round for Australian financial technology provider InDebted.
Anacacia invests Australian workforce services player
Anacacia Capital has confirmed a “significant” investment in Australian workforce services provider Sureway Employment & Training.
Australia's Business Growth Fund: Policy props
The Australian government has accumulated $365 million for a fund that will support small businesses. Private equity investors are unsure why it’s necessary and how it will be managed
Australia IPOs: Suspicious minds
A handful of bad experiences have made Australia’s public market investors wary of private equity-backed IPOs. This doesn’t mean offerings can’t get done, but the industry must address its profile problem
Marcus Simpson leaves Australia's QIC to pursue advisory work
Marcus Simpson (pictured) plans to take on independent advisory roles – working with institutional investors that want to build or rebuild private equity programs and with companies looking at taking on private capital – having stepped down as head...
Australia PE: Mindful entry
The thinking behind EQT’s decision to open a Sydney office sheds some light on the need among investors to bring more than firepower to a pricey and competitive market
Australia's Anchorage secures cold chain logistics carve-out
Anchorage Capital Partners has agreed a A$100 million ($66 million) carve-out of the refrigerated logistics division of Automotive Holdings Group (AHG), an Australia and New Zealand-based car dealership business.
Q&A: Adamantem Capital's Anthony Kerwick
Anthony Kerwick, a managing director at Australia’s Adamantem Capital, on the coronavirus impact, helping capital constrained companies, and why he avoids using the term ‘proprietary’
Australia technology: Taking care of business
Investors are quietly leveraging subtle advantages in the Australian enterprise software space to create global leaders. The market will not remain an overlooked goldmine for long
Australia PE spinouts: Into the unknown
Australia has seen plenty of spinouts in recent years, with outcomes ranging from a $2 billion first-time fund to deal-by-deal strategies. Is local LP support essential in getting wider traction?
Partners Group targets $1.4b buyout of Australia's Healius
Partners Group has been granted a call option on Chinese conglomerate Jangho Group’s 15.9% stake in Australian healthcare services provider Healius, enabling the private equity firm to make a A$2.1 billion ($1.4 billion) bid for the entire business.
StepStone promotes Australia-based Suzanne Tavill to partner
Suzanne Tavill, a Sydney-based managing director with StepStone Group, has been elevated to partner. It was one of four partner-level promotions made by the firm globally.
Poor relations: Endowments and foundations in Asia
With a few exceptions, Asia’s endowments and foundations lack the scale, sophistication and appetite for alternatives of their US brethren. Structural and cultural barriers maintain the status quo
EQT-backed Nexon announces trio of Australia bolt-ons
Nexon Asia Pacific, an Australian enterprise IT services provider controlled by EQT Partners, has acquired three local IT businesses.
Deal focus: Booktopia prepares for build-out
What was just a side business has become a successful one.
Quadrant acquires Australia enterprise IT business
Australia’s Quadrant Private Equity has agreed to acquire the enterprise services division of listed IT specialist Arq Group for A$35 million ($23.5 million).
EQT opens Australia office
EQT Partners has opened an Australia and New Zealand-focused office in Sydney as part of a broader Asia Pacific expansion agenda.
Australian online book retailer gets $13m
Booktopia, an Australian online retailer specializing in books, has closed a Series A round of A$20 million ($13.4 million), after 16 years of self-funding.
Next Capital buys stake in Australian supply chain specialist
Australia’s Next Capital has acquired a stake in local supply chain services provider TM Insight as the company executes an Asian expansion.