Australia
Australian budget enhances incentives for early-stage investors
Early-stage investors in Australia will be granted a string of new tax incentives as the government continues its efforts to develop a more innovative economy.
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the...
Australia renewables: Clear skies
Having spent the last couple of years in a politics-driven limbo, Australia’s renewable energy sector is seeing renewed investor interest. Nevertheless, the market still presents various challenges
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
The Growth Fund set for part-exit in Motorcycle Holdings IPO
Archer Growth – which is now known as The Growth Fund – is on course to make a partial exit from MotorCycle Holdings, with the Australian motorcycle dealership operator targeting a A$46.3 million ($36 million) IPO.
Australia's CEFC, Palisade target $766m in renewables projects
Palisade Investment Partners and Australia’s Clean Energy Finance Corporation (CEFC) will partner on investments in domestic renewable energy projects valued at A$1 billion ($766 million).
Goldman, Blue Sky buy Australia student accommodation group
Goldman Sachs and Blue Sky Alternative Investments have taken a controlling stake in The Pad, an Australian student accommodation group, as part a $1 billion joint venture.
Quadrant-owned UPG buys Sydney restaurant chain
Urban Purveyor Group (UPG), an Australia-based restaurant chain owned by Quadrant Private Equity, has completed the bolt-on acquisition of Fratelli Fresh, an Italian-style café business with locations throughout Sydney.
Australia's MLC loses private equity head
Natalie Meyenn has stepped down as head of private equity at MLC, the wealth management arm of the National Australia Bank (NAB).
Fengate buys into Australia power plant
Fengate Capital Management has taken a stake in an Australian power plant along with General Electric (GE) and funds managed by domestic infrastructure-focused firm Whitehelm Capital.
Australian wine start-up raises $19m from Blue Sky
Australia-based online wine retailer Vinomofo has raised A$25 million ($19 million) for an international expansion program from Blue Sky Venture Capital.
Affinity-owned Tegel to raise up to $332m in dual offering
Tegel Group Holdings, a New Zealand-based poultry producer controlled by Affinity Equity Partners, is looking to raise as much as NZ$481 million ($332 million) through a dual listing in New Zealand and Australia.
Australia-based Cyara gets $25m Series A round
Cyara Solutions Corp, a customer experience monitoring service established in Australia in 2006, has received $25 million in a Series A round of funding led by PeakSpan Capital and Greenspring Associates.
Affinity buys Australia's Medical Director for $117 million
Affinity Equity Partners has bought Australia-based clinic management software developer Medical Director for A$155 million ($117 million).
TPG hires ex-CHAMP director Joel Thickins as Australia head
TPG Capital has appointed Joel Thickins, formerly a director at CHAMP Private Equity, as new Australia country head.
Hony to exit Australia's Santos to China-based ENN
Hony Capital has agreed to sell its 11.72% stake in Australia-listed oil and gas supplier Santos to ENN Group, a leading Chinese privately-held gas distributor, for $755 million.
Australia's CHAMP Ventures postpones fundraise
CHAMP Ventures has postponed the launch of its eighth fund by six months. The Australian GP was expected to return to market in the first half of this year, having closed its previous vehicle in 2012.
Australia's Asciano accepts Qube-Brookfield joint $6.8b bid
Australian rail freight and cargo port operator Asciano has accepted a joint takeover offer from consortiums led by Qube Holdings and Brookfield Asset Management worth A$9 billion ($6.8 billion).
Q&A: L Capital Asia's Ravi Thakran
Following the announcement of L Capital's merger with Catterton, Ravi Thakran, managing partner and chairman of L Capital Asia, discusses the implications of the deal and shares his views on the investment climate
Fund focus: Asia LPs in Morgan Stanley infra push
Morgan Stanley raises $5.8 billion for global infrastructure investments as the asset class matures in Asia
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
CHAMP PE backs Australian forex broker
CHAMP Private Equity has invested in Pepperstone, an Australian foreign exchange broker that facilitates more than $100 billion in transactions every month.
Australian LPs make for sophisticated co-investors - AVCJ Forum
Australian superannuation funds are more sophisticated co-investors than their US counterparts, but the ability of LPs across the industry to participate in these deals remains limited.
Oaktree opens Australia office
Oaktree Capital Group has opened its first office in Australia, with Byron Beath, previously of Macquarie Bank, appointed to lead investment activities in the region.