CHAMP Private Equity
MVision opens Australia office
Placement agent MVision has opened a new office in Sydney, Australia. The move will allow MVision, which currently has a number of investment manager clients in Australia, to expand its reach into the Asia Pacific private equity market.
KKR, Providence battle for Australia’s NextGen – report
KKR is said to have joined Providence Equity Partners and TPG Telecom in the bidding for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings.
CHAMP-backed Shelf Drilling completes $1b acquisition
Shelf Drilling, the Dubai-based shallow water drilling services company backed by Australia’s CHAMP Private Equity, its US affiliate Castle Harlan, and Lime Rock Partners, has completed the acquisition of assets worth $1.05 billion. The PE investment,...
Castle Harlan bid-rigging case goes before Australian court
A deal involving a Canadian mining services company that was bought and sold by US private equity firm Castle Harlan on the same day has gone before an Australian court.
Asia buyouts: The privatization play
Take-private transactions have created headlines in a climate of low public market valuations. Companies are being targeted in Australia, Japan and the US, but a bid doesn’t necessarily result in a deal
CHAMP-backed oOh!Media targets more acquisitions
Australia’s outdoor advertising industry looks set for further consolidation as CHAMP Private Equity said portfolio company oOh!media is still on the acquisition trail after agreeing to buy Ten Network’s Eye Corp.
CHAMP PE sells off Blue Star’s Australian operation
CHAMP Private Equity is said to have exited the Australian arm of printing and communications company Blue Star Group to a consortium including Wolseley Private Equity and CaxtonWeb. Blue Star’s New Zealand operations area also expected to be sold off.
Ten Network, CHAMP Private Equity agree Eye Corp sale
CHAMP Private Equity’s portfolio company oOh!media has agreed to pay A$113 million ($117 million) for Eye Corp, Ten Network Holdings’ outdoor advertising business. Last week it downsized its original offer of A$145 million to A$110 million.
CHAMP PE completes lighting take-private
Take-private deals are a challenge in Australia. Conflict creates headlines, but the country appears to see its fair share of majority shareholders falling out with prospective private equity investors despite the fact that share prices have turned against...
CHAMP PE completes Gerard Lighting take-private
CHAMP Private Equity has completed the A$186 million ($192 million) buyout of Australian light fittings distributor Gerard Lighting Group. The company will de-list from the Australian Stock Exchange at the close of today’s trading, just over two years...
Champ PE makes lower offer for Eye Corp
CHAMP Private Equity’s portfolio company oOh!media has made a revised offer of A$110 million ($114 million) for Eye Corp, Ten Network Holdings’ outdoor advertising business.
CHAMP PE-backed oOh!media walks away from Eye Corp buyout
CHAMP Private Equity’s oOh!media portfolio company has decided not to proceed with its buyout of Eye Corp, Ten Network Holdings’ outdoor advertising business. This comes despite Ten’s denial earlier this week that the acquisition price would be...
Ten Network denies concerns over Eye sale to CHAMP
Ten Network has denied reports that proceeds from the sale of its Eye Corp subsidiary to CHAMP Private Equity’s oOh!media will be lower than expected due to concerns about the outdoor advertising business’ financial performance.
CHAMP makes first Southeast Asia forays
CHAMP Private Equity’s engagement with the wider Asian market began 15 years ago, before Australian Mezzanine Partners partnered with US-based Castle Harland to create the PE firm as it exists today.
VIDEO: CHAMP Private Equity's John Haddock
The rise of Asian strategic buyers is creating a new exit channel for Australian private equity firms, according to John Haddock, managing director at CHAMP Private Equity. The GP has direct exposure to this trend, having exited Manassen Foods to China’s...
Australia’s CHAMP PE secures $206m Southeast Asia deal
CHAMP Private Equity has acquired a significant minority stake in shipping services provider Miclyn Express Offshore (MEO) from Macquarie Capital Group for around A$199 million ($206 million). It represents another step in the Australian GP’s strategy...
Australian PE firm participates in $1b Dubai oil driller deal
Australian GP CHAMP Private Equity has teamed up with its US affiliate Castle Harlan and Lime Rock Partners to invest around $1.05 billion in Dubai-based shallow water drilling services company Shelf Drilling.
Australian advertising: Private equity goes outdoors
Australia’s outdoor advertising industry has seen three large investments from private equity firms in recent months. Is wider sector consolidation imminent?
Why Australian take-privates are taking off
A renewal of interest in Billabong International from TPG Capital always seemed likely. When the PE firm first came calling in February with a A$3 per share buyout offer, Billabong’s management refused to budge from its valuation of $4 per share. The...
CHAMP PE seeks exit from New Zealand’s Blue Star
CHAMP Private Equity-owned Blue Star has suspended trading on the New Zealand Stock Exchange in anticipation of an announcement that the business is up for sale. It comes after the struggling communications company said in June that it had won the support...
CHAMP Private Equity’s oOh!media to buy Eye Corp
CHAMP Private Equity’s oOh!media has agreed to buy Eye Corp, Ten Network Holdings’ outdoor advertising business. The deal values Eye at up to A$145 million, of which A$120 million will be paid in cash on completion, with the remainder due in three...
CHAMP in $192m take-private bid for Gerard Lighting
CHAMP Private Equity has launched a A$186 million ($192 million) takeover bid for Australian light fittings distributor Gerard Lighting Group. The bid has won unanimous approval from Gerard’s board and the Gerard family, which has a 52% stake, has said...
PE-owned oOh!Media tipped to buy Ten’s outdoor ad business
Australia’s Ten Network Holdings has entered into exclusive negotiations with a bidder for its outdoor advertising business, Eye Corp. The company didn’t disclose the identity of the bidder, but it is thought to be oOh!Media Group, which was bought...
Archer, CHAMP among bidders for CVC’s Mantra - report
Archer Capital and CHAMP Private Equity are reportedly among the PE firms bidding for Australia’s Mantra Group, which CVC Asia Pacific put up for auction in March.