Pacific Equity Partners
New GPs will not shake Australia PE market dynamic - AVCJ Forum
The Australian private equity market has seen the emergence of a number of new GPs – including several spin-outs – but incumbent managers told the AVCJ Australia & New Zealand Forum that they do not expect much change in the competitive landscape.
PEP buys Australia's Allied Mills
Pacific Equity Partners (PEP) has agreed to buy Australian flour producer Allied Mills in a deal that values the company at A$455 million ($344 million).
The crystal ball: Predictions for 2017
From LPs looking for realizations from GPs as well as paper gains, to the factors contributing to more buyout opportunities in China, industry participants give their perspectives on the year to come
Transition time: Succession planning in private equity
Asian GPs face increased scrutiny on succession planning as LPs seek to distinguish franchises that are sustainable from those that are not. For some founders, sharing economics and power isn’t easy
PEP fully exits Australia-listed Link Group
Pacific Equity Partners (PEP) has completed its exit from Link Group, selling its stake in the Australian financial data and fund administration services provider alongside several other shareholders in a deal said to be worth A$872.3 million ($670 million).
PEP agrees buyout of Australia's Patties
Pacific Equity Partners (PEP) has made a formal offer to buy Australian snack maker Patties Foods for A$230 million ($166 million).
PEP launches $165m takeover bid for Australia's Patties
Australian GP Pacific Equity Partners (PEP) has launched a bid to buy snack maker Patties Foods in a deal that values the company at A$203 million ($165 million).
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
AVCJ Awards 2015: Exit of the Year - Large Cap: Spotless Group
Pacific Equity Partners took about 12 months to reel in cleaning and catering contractor Spotless, but swift improvements resulted in a 2.4x return within the two years
Ability to change management key to value creation - AVCJ Forum
Having the ability to change the management team in a portfolio company remains a critical factor for private equity investors as they place greater emphasis on the value-add process.
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
PEP-backed Link gains on Australia debut
Link Group, the Australian financial data and fund administration services provider backed by Pacific Equity Partners (PEP), is trading above its IPO price following the company's A$946.3 million ($674 million) offering.
PEP-owned Link Group seeks up to $665m in Australia offering
Pacific Equity Partners (PEP) portfolio company Link Group is looking to raise as much as A$946.5 million ($665 million) in an IPO on the Australian bourse.
Asia PE recruitment: Building blocks
As private equity continues to evolve in Asia, GPs want to recruit people with a wider array of talents – but industry participants are split on what skills these new hires should focus upon, and where to find them
Australia’s PEP closes Fund V at A$2.1b
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months.
PEP buys New Zealand-based Academic Colleges Group
Pacific Equity Partners (PEP) has agreed to buy Academic Colleges Group (ACG), New Zealand’s largest private provider of school education, university foundation studies and tertiary training programs.
PEP buys New Zealand's Manuka Health, Waterman exits
Pacific Equity Partners (PEP) has acquired health foods business Manuka Health New Zealand for an undisclosed sum. The deal facilitates an exit for New Zealand-based GP Waterman Capital.
PEP completes exit from Australia-listed Spotless
Pacific Equity Partners (PEP) has completed its exit from Australian cleaning and catering contractor Spotless Group – which it privatized in 2012 and re-listed last year – through a A$374.3 million ($268.6 million) block trade.
PE investors must think more deeply about value-add - AVCJ Forum
PE and VC firms should think more carefully about how they can add value to portfolio companies, using their board representation as a tool for constructive guidance as much as oversight, industry participants told the AVCJ Singapore Forum.
Australia's PEP to sell Energy Developments for $1.4b
Pacific Equity Partners (PEP) has agreed to sell Energy Developments, an Australia-based provider of distributed power to the mining industry, to utilities business Duet Group for an enterprise valuation of A$1.92 billion ($1.4 billion).
Corporate carve-outs: Slice and dice
A mainstay of private equity in the US and Europe, it is hoped that corporate carve-outs will play a larger role in Asia. Success rests on innovative deal-sourcing and careful management of multiple stakeholders
Leveraged finance: Coming to America?
It has become increasingly costly for private equity firms to access borrower-friendly US financing for leveraged buyouts in Asia. The US markets are fickle and volatile, but Asian banks are also stepping up
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
PEP to buy Kerry Group's Australian bakery unit
Australian GP Pacific Equity Partners (PEP) has agreed to acquire Pinnacle, the Sydney-headquartered bakery unit of Irish food giant Kerry Group.