Australia
Drones: High-flying tech
The exponential rise in drone technology investment during the past few years is now expected to level off into slower growth as venture capitalists discover a galaxy of more nuanced opportunities
PE investors buy Fugro's Asia subsea business
US private equity firm SCF Partners and Australia's Viburnum Funds have agreed to acquire the Asia Pacific subsea services business of Netherlands-based Fugro.
Australia's Westpac invests $38m in Reinventure
Australia's Westpac Banking Corp. has committed A$50 million ($38 million) to the second fund of Reinventure Group.
Telkom Indonesia, Telstra launch VC partnership
State-controlled Telkom Indonesia has partnered with Australia’s Telstra Ventures to pursue venture capital investment opportunities in Southeast Asia.
RGT Capital invests in Australia's AxiCorp
RGT Capital, a multi-family office investment vehicle based in Australia, has acquired a stake in Australian investment company AxiCorp.
Australian government launches $191m biomedical VC fund
The Australian government has seeded $250 million ($191 million) from its Medical Research Future Fund (MRFF) to a biomedical technology-focused venture investment vehicle. It will match private sector commitments, bringing the total available for deployment...
Deal focus: Allegro exits transformed Vulcanite
Allegro invested in capacity and boosted international sales in order to turn Vulcanite from a corporate orphan into an independent player with strong growth prospects. The sale of the business to Continental generated a 2x return
Louis Vuitton's Australia CEO joins L Capital as country head
L Capital Asia – a private equity arm of French luxury goods giant LVMH – has appointed Louis Vuitton Australia CEO Philip Corne as its executive chairman in Australia.
Primavera, Shanghai Pharma to buy Australia's Vitaco
Primavera Capital and Shanghai Pharmaceuticals have agreed to buy Australia-listed nutrition and healthcare products company Vitaco for approximately A$313 million ($238 million).
New Zealand's Powerhouse Ventures files for $15m IPO
New Zealand-based start-up incubator and investor Powerhouse Ventures has filed to raise as much as A$20 million ($15.2 million) through an Australian IPO.
Australia's Allegro completes sale of Vulcanite Holdings
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.
QIC, Future Fund support AGL's Australia renewables fund
The QIC Global Infrastructure Fund and Future Fund have committed A$800 million ($598 million) to the Powering Australian Renewables Fund (PARF), a vehicle launched by domestic electricity provider AGL Energy to bankroll large-scale renewable energy projects.
Australia's Brandon Capital expands into New Zealand
Australian life sciences-focused VC firm Brandon Capital has expanded the mandate of its third Medical Research Commercialization Fund (MRCF) to include New Zealand.
KKR to exit GenesisCare as China Resources, Macquarie buy control
KKR will sell its 45% stake in Australia-based healthcare provider GenesisCare as China Resources Group and Macquarie Capital agreed to buy a majority interest in the business.
Greenstone acquires 20% stake in Australia's Metro Mining
Commodities-focused private equity firm Greenstone Resources has paid A$8.9 million ($6.7 million) for about a 20% stake in Australian coal and bauxite project developer Metro Mining.
Advent makes two investments in Australia
Australia’s Advent Private Capital has made investments in two separate domestic social services companies on the back of two exits.
Farallon raises $1.1b for Asia, Latin America special situations fund
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
Australia's Alchemy Ventures launches $150m fund
Australian venture capital firm Alchemy Ventures has launched a A$200 million ($150.3 million) fund that will focus largely on regional start-ups specializing in electric vehicle (EV) batteries.
Yorkway invests in Australia's One Investment
Yorkway Capital Partners has entered a strategic partnership with Australian corporate fiduciary services provider One Investment Group and has made an investment in the company.
Oaktree exits Australia's AMG to strategic player
Oaktree Capital Management has sold Australian media platform and content provider Active Media Group (AMG) to outdoor advertising business Val Morgan Outdoor (VMO) for an undisclosed amount.
Gobi leads $3m round for Australia's Airwallex
Gobi Partners has led a A$5 million ($3 million) round of funding for Australia-based digital payment services developer Airwallex.
Australia's Telstra buys Blue Sky-backed Readify
Telstra has acquired Blue Sky Private Equity’s majority stake in Australian IT services company Readify.
OTPP-owned Nextgen sells network assets in Australia
Nextgen Group, the Australian telecommunication network owned by Ontario Teachers' Pension Plan (OTPP) and CIMIC Group, has agreed to sell some of its assets to Vocus Communications.
OneVentures backs Australia's Employment Hero
OneVentures has led a A$3 million ($2.2 million) Series A round of funding for Australian online human resources services start-up Employment Hero.