
Australia's Allegro names Fay Bou as third partner

Australia turnaround investor Allegro Funds has appointed Fay Bou as its third partner, serving alongside co-founders Adrian Loader and Chester Moynihan.
Bou, previously a managing director, was one of six promotions announced by the private equity firm. Others include Jeffrey Largier and Johan Krynauw, each of whom became a managing director, while Jeremy Trouncer was elevated to investment director level.
Bou joined Allegro in 2015, having previously worked for Pacific Equity Partners in Australia and PAG in Hong Kong. He was the senior investment lead on two retail deals that culminated in liquidity events in 2021: New Zealand-based Ngahuia was exited in February to Tahua Partners, while Best & Less Group completed an Australia IPO that facilitated a partial exit for Allegro.
In addition, Bou sits on the board of Toll Global Express, which was carved out of logistics giant Toll Group last year. The transaction is Allegro’s largest to date, requiring AUD 500m (USD 386m) in equity and debt funding.
Largier was recruited in 2013 and covers several investments in the industrials space, such as Questas, Terrex Seismic, and JSW Australia. Krynauw is one of Allegro’s longest-serving employees, having joined in 2007, the year before the firm assumed management of its first fund in 2008 as a replacement GP. Current directorships include Perth Radiological Clinic and Everest Ice Cream.
Allegro reached a first close of AUD 600m on its fourth fund, in November 2021, hitting the overall target for the vehicle. The corpus is split between a AUD 500m core fund and a AUD 100m sidecar that allows the firm to flex up and target larger deals. Fund III, which closed on USD 382m in late 2017, has a similar structure.
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