Australia
Australia's Pepper accepts KKR credit unit's buyout offer
Australian mortgage lender and distressed debt servicer Pepper Group has accepted a buyout bid from KKR Credit Advisors (KCA).
Blue Sky buys New Zealand tour operator
A consortium led by Blue Sky Alternative Investments has bought Active Adventures, a New Zealand-based company that offers guided activity-based trips in Nepal, Europe, and South America, as well as in its home country.
Startupbootcamp launches Australia accelerator
Startupbootcamp has extended its network of industry-focused accelerators to 21 across 16 cities with the launch of a program for energy sector start-ups in Melbourne.
Secondary buyouts: Peer to peer
Maligned by some investors, sponsor-to-sponsor deals are gradually becoming more prevalent in Asia as the private equity industry matures. What is the early verdict?
Competition heats up for Australia data center business
Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia, has received a second takeover bid from existing shareholder NextDC.
Australia's Westpac in talks to sell Hastings fund business
Australia’s Westpac Banking Corp. has entered exclusive negotiations to sell Hastings Fund Management to Australia-listed property developer Charter Hall Group.
360 Capital seeks buyout of Australia data center business
Australian property funds manager 360 Capital is seeking to acquire Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia.
Creditors to assume control of KKR-owned Bis Industries
Australian mining services provider Bis Industries has reached a debt-to-equity restructuring agreement with creditors that will see current owner KKR relinquish its majority position.
IoT in Asia: Things to come
A number of political factors have positioned Asia Pacific to be a global leader in internet-of-things development. Investors must now navigate an unwieldy field of technologies, markets and social drivers
Hamilton Lane opens Australia office
Hamilton Lane has opened an office in Sydney and hired James Martin, who previously spent five years at Partners Group focusing on institutional sales and deal origination, to lead local operations.
AirTree leads Series B for Australia consulting marketplace
AirTree Ventures has led a A$13 million ($10.1 million) Series B round of funding for Expert360, an Australia-based online marketplace that connects small companies with independent consultants.
Affinity submits $1.6b offer for Australia's Vocus
Affinity Equity Partners has submitted a bid to buy Australian high-speed broadband internet provider Vocus Group for about A$2.2 billion ($1.6 billion), matching an offer made by KKR.
KKR's credit unit offers $499m for Australia's Pepper
KKR Credit Advisors (KCA) has made a A$655 million ($499 million) offer for Australian mortgage lender and distressed debt servicer Pepper Group.
Liberty House beats Korean PE consortium to Arrium deal
A group led by UK-based industrials and metals group Liberty House has agreed to acquire distressed Australian mining giant Arrium, beating out a private equity-backed Korean consortium.
Quadrant to exit Australia's Zip Industries via trade sale
Quadrant Private Equity has sold Zip Industries, an Australia-based manufacturer of drinking water appliances, to global water treatment specialist Culligan International for an undisclosed sum.
PE executives in government: Late to the party
With private equity executives playing an unprecedented role in the Trump administration, the advantages that PE can bring to government – and vice versa – has come into the spotlight
Denham terminates $42m takeover of Australian miner
Denham Capital has withdrawn from a commitment to fully acquire Cradle Resources that had valued the Australia-listed mining company at A$55 million ($42 million).
PE investors drop bids for Australia’s Fairfax
Hellman & Friedman, along with a consortium led by TPG Capital and including Ontario Teachers’ Pension Plan (OTPP), have withdrawn their bids to acquire Australia’s Fairfax Media.
KKR to buy majority stake in Australia's Dixon Hospitality
KKR has agreed to acquire a majority interest in Dixon Hospitality, which operates a portfolio of more than 40 food and beverage outlets across major cities in Australia. The capital will come from the GP's third pan-Asian fund, which closed earlier this...
Australia's VC-backed GetSwift receives $18m investment
IFM Investors has joined a A$24 million ($18.2 million) investment in GetSwift, an Australia-listed and VC-backed software provider focused on the logistics sector.
Private equity and data centers: Get connected
With demand for outsourced data center services poised to take off in Asia, private equity investors are looking for ways to participate in the growth story
Creditors take control of PE-owned Gerard Lighting
A creditor consortium led by Investec and Bain Capital Credit (BCC) has assumed full control of Gerard Lighting, an Australian light fittings distributor owned by CHAMP Private Equity.
Portfolio: Partners Group and Guardian Early Learning
Now on its third PE owner, Guardian Early Learning Group is building its unique brand identity in Australia’s busy childcare sector. The key has been for each party to respect the strengths and needs of the other
Bolt-on acquisitions: Buying growth
Bolt-on acquisitions enable private equity firms to bring down the cost of investments through multiple arbitrage and leveraging synergies. But in a climate of heady valuations, are GPs thinking too big?