George Hicks, CEO and CIO of global credit investor Värde, on looking beyond big default cycles, taking advantage of bank retrenchment opportunities, and the importance of building strong local teams
Bain Capital Private Equity has agreed to buy Camp Australia, a nationwide provider of outside school hours care, for an undisclosed sum.
OneVentures, Brandon Capital and BioScience Managers have been selected to manage the Australian government’s A$500 million ($375 million) Biomedical Translation Fund (BTF).
Partners Group has invested A$250 million ($186 million) into an Australian wind energy installation that aims to power 110,000 homes and offset 600,000 tonnes of carbon emissions per year.
Australia-based education technology start-up GO1 has received a A$4 million ($3 million) round of funding from a group of domestic and US VCs for its expansion efforts in Asia, North America and Europe.
Allegro Funds Group has acquired Australian mine production and specialist drilling operator JSW Australia.
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).
Hong Kong private equity firm Gaw Capital Partners has led the purchase of an office building in Australia for conversion into student accommodation.
Sydney Angels, a syndicate of high-net-worth individuals that invests in Australian start-ups, has launched its second fund with a view to raising up to A$20 million ($15 million).
IFM Investors, an investment manager owned by 29 Australian superannuation funds, has opened an office in Hong Kong and been granted a license by the Securities & Futures Commission.
Australia’s QIC has reached an agreement with Ping An Asset Management (PAAMC), the asset management arm of Ping An Insurance, which will allow the Chinese group to tap into QIC’s experience in alternatives.
Australia’s Impact Investment Group has raised A$13 million ($10 million) for a domestically focused venture capital fund. The initial target was A$10 million.
Australia-listed growth-stage private equity firm Bailador Technology Investments has launched a A$17.4 million ($13 million) capital raising.
Sydney-listed growth-stage investor Bailador Technology Investments has led a A$7 million ($5.2 million) funding round for domestic IT company Instaclustr alongside two domestic VCs.
EMR Capital has raised $860 million for its second fund, which will focus on control deals involving copper, gold, coking coal and potash - each of which is expected to see strong demand from China
Singapore's move to strengthen its financial technology ecosystem underlines the importance of creating appropriate infrastructure and incentives for start-ups in the space
Malaysia’s Employees’ Provident Fund (EPF) and Australia-based QIC differ markedly in terms of the maturity of their PE programs, but there is a common interest in establishing close ties to a limited number of GPs and pursuing co-investment.
Australian resources-focused PE investor EMR Capital has reached a final close of $860 million on its second mining fund, above the target of $750 million.
Quadrant Private Equity has made two further Australia tourism acquisitions, adding ferry and tour service Rottnest Express and cruise operator Cruise Whitsundays to a platform that already includes Great Southern Rail (GSR).
Accolade Wines, an Australian wine producer owned by CHAMP Private Equity, has agreed to acquire domestic peer Fine Wine Partners from Japanese-owned food and beverage company Lion.
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
Chinese private equity firm Hony Capital has re-upped in Australia-listed oil and gas supplier Santos for A$159.2 million ($120.8 million).
Sydney-based private equity firm Wattle Hill RHC Funds has achieved a first close on its debut Sino-Australia cross-border fund with $200 million in commitments. The overall target is $300 million.
American Industrial Partners (AIP) will buy Moly-Cop, the mining consumables division of struggling Australian mining and materials giant Arrium for an enterprise value of $1.23 billion.