AVCJ

Australia's CPE Capital set to lose managing director

Australia's CPE Capital set to lose managing director
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Graham Brooke, a managing director at Australia-based CPE Capital, will retire from the firm at the end of September.

His impending departure was first reported by The Australian Financial Review and was subsequently confirmed to AVCJ by a source close to the situation. CPE declined to comment.

Brooke began his private equity career with CVC Capital Partners in 1999. He relocated to Sydney with CVC and then joined CPE in 2015. His arrival came shortly after the firm began its transition from CHAMP Private Equity to CPE, which involved the departure of co-founders Bill Ferris and Joe Skrzynski and the elevation of John Haddock to CEO and CIO.

CPE is currently deploying its fifth fund, which is said to have closed last year on AUD 780m. Fund IV – the first raised under Haddock's leadership - closed on AUD 735m in 2017.

The firm recently continued its string of Fund IV exits with the sale of the bulk of used car dealer Dutton Group to Japan's Sojitz Corporation for an undisclosed sum. Other exits include crackers and biscuits producer Gourmet Food Holdings and ferry and logistics operator StraitNZ, which generated returns of 5.3x and 7.6x, respectively.

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