New Zealand
Australia’s Five V exits Totara to trade buyer
Australia’s Five V Capital has sold its majority position in employee management software provider Totara to London-based growth equity investor Tenzing for an undisclosed sum.
BPEA EQT acquires Australia's VetPartners
BPEA EQT has agreed to acquire VetPartners, operator of Australia and New Zealand’s largest network of pet clinics and hospitals, from National Veterinary Associates (NVA).
IFM backs New Zealand energy SaaS platform Tally
IFM Investors has committed approximately NZD 50m (USD 29m) to New Zealand-based energy sector software provider Tally Group alongside existing investors SilverTree Equity and Pioneer Capital.
BlackRock, New Zealand launch $1.2b climate fund
BlackRock will manage a climate fund launched alongside the New Zealand government with a target of NZD 2bn (USD 1.2bn). It will focus on renewable energy.
Australia's Five V opens New Zealand office
Australia’s Five V Capital, which is active across growth, buyouts, and venture, has launched a New Zealand office and confirmed three hires for the country team.
PEP raises continuation fund for New Zealand's Up Education
Australia's Pacific Equity Partners (PEP) has raised a single-asset continuation fund of approximately AUD 400m (USD 268m) for Up Education, a vocational education business it has held since 2015.
New Zealand supply chain traceability player gets $57m
New Zealand’s Oritain, a supply chain traceability and authentication company with a presence in the US, Europe, and Australia, has raised USD 57m led by UK-based VC firm Highland Europe.
Advanced computing: Niche or indispensable?
Investors are wary of rising data processing challenges in a rapidly digitising world. They must make do with the imperfect solutions of today without failing to embrace frontier technologies
Fund focus: Patience pays for off for Movac
New Zealand VC firm Movac has exceeded expectations with its latest vintage, trading individuals and families for institutions, some of which are entering the asset class for the first time
New Zealand's Movac raises $125m for Fund VI
New Zealand-based Movac has closed its sixth technology fund on NZD 202m (USD 125m) despite what Mark Vivian, a general partner at the venture capital firm, described as “the most challenging fundraising conditions I've experienced since the GFC [global...
NZ Super CEO resigns
Matt Whineray, who has served as CEO of New Zealand Superannuation Fund (NZ Super) since mid-2018, will depart at the end of the year.
Australia's QIC acquires 50% stake in smart meter business
Queensland Investment Corporation (QIC), an Australian sovereign wealth fund, has agreed to acquire a 50% stake in New Zealand-listed Vector Metering at an enterprise valuation of NZD 2.5bn (USD 1.6bn).
Quadrant completes New Zealand cybersecurity roll-up
Quadrant Private Equity has invested in New Zealand-based cybersecurity providers Quantum Security Services, ZX Security, and Helix Security Services with a view to supporting expansion into new geographies and service offerings.
Bessemer leads Series C for New Zealand’s Halter
Bessemer Venture Partners has led a NZD 85m (USD 53.3m) Series C round for New Zealand’s Halter, a start-up that makes solar-powered collars for managing cow herds with an app.
Affinity recruits Australia head, re-hires executive from Quadrant
Affinity Equity Partners has strengthened its coverage of Australia and New Zealand with the recruitment of Nick Speer from The Riverside Company as a partner and local team leader and the rehiring of Mark Chudek from Quadrant Private Equity.
BGH, Sixth Street's PushPay buyout bid set to fall short
New Zealand and Australia-listed payments business PushPay has announced that its NZD 1.54bn (USD 933m) acquisition by BGH Capital and Sixth Street Partners will not proceed based on proxy votes already received.
New Zealand electronic waste start-up gets $37m
New Zealand’s Mint Innovation, a precious metals refiner that salvages electronic waste, has raised NZD 60m (USD 37m) in Series C funding featuring Australian PE firm Liverpool Partners.
Anchorage agrees carve-out from New Zealand's Green Cross Health
Anchorage Capital Partners has agreed to buy New Zealand-based Green Cross Health’s community healthcare business – which provides in-home nursing, personal care, rehabilitation, social support, and household assistance services – for an enterprise...
New Zealand's Pencarrow closes Fund VI on $187m
New Zealand-based Pencarrow Private Equity has closed its sixth fund at the hard cap of NZD 300m (USD 187m), having scaled up from NZD 250m in the previous vintage.
Value in adversity: Australia’s operational challenge
With Australia poised for a rarely-seen period of economic difficulty, the operational capabilities developed by domestic private equity firms will be put to the test
New Zealand hydrogen player raises $14m
New Zealand hydrogen and zero-emission technologies developer Fabrum has raised a NZD 23m (USD 14.5m) Series A round led by UK-based AP Ventures.