Vintage update: Australia 2010-2012

Produced by AVCJ in conjunction with sister publication Mergermarket, this installment of Vintage update focuses on four Australia and New Zealand-focused firms that raised funds between 2010 and 2012. Below are select portfolio companies from these funds for which no deal has been publicly disclosed and which could come to market.

Advent Partners

• Description: Advent Partners has more than A$500 million ($386 million) in capital under management and has raised seven funds to date, focusing on middle-market deals in Australia and New Zealand. Its most recent fund closed at A$300 million in 2018.
• Advisory relationship: Herbert Smith Freehills has advised Advent Partners on five deals, per Mergermarket data.

Anchorage Capital Partners

• Description: Anchorage Capital Partners has A$810 million under management across three funds, the most recent of which closed at A$350 million in 2017. It targets special situations and turnaround investments in Australia, New Zealand and Southeast Asia.
• Advisory relationship: Minter Ellison has advised Anchorage Capital Partners on ten deals, per Mergermarket data.

CHAMP Ventures

• Description: CHAMP Ventures closed its seventh fund at A$475 million in 2012 but decided against pursuing an eighth. Several core team members formed Odyssey Private Equity in 2017 – with a similar Australia and New Zealand middle-market remit – while retaining portfolio responsibilities at CHAMP.
• Advisory relationship: Baker Mckenzie has advised CHAMP Ventures on three deals each, per Mergermarket data.

Crescent Capital Partners

• Description: Crescent Capital Partners has raised over A$3 billion across six funds, the most recent of which closed on A$800 million in 2018. It focuses on high-growth businesses or industries that are undergoing structural change or likely to see consolidation, with a particular focus on healthcare.
• Advisory relationship: Gilbert + Tobin has advised Crescent Capital Partners on ten deals, per Mergermarket data.

Fund name (vintage)	Current portfolio companies	Acquisition year	Portfolio sale reported
Advent Partners	Frosty Boy Australia Australia-based manufacturer of soft serve and frozen yogurt products	2017	No sale reported
	Tribe Breweries Australia-based brewery	2018	No sale reported
	Junior Adventures Australia-based provider of school hours care services	2015	Quadrant Private Equity bought a majority stake in the business in 2018; Advent retains a minority interest
Anchorage Capital Partners	Shoes & Sox Australia-based retailer of children’s footwear	2015	No sale reported
	Brand Collective Australia-based footwear and apparel retailer	2014	In March 2019, Mergermarket reported Brand Collective hired Luminis Partners for strategic review
	Affinity Education Group Australia-based provider of education and care services for children	2015	In May 2018, Affinity was seeking to raise between A$60-700 million via a sale process
CHAMP Ventures	Bmt Tax Depreciation Australia-based tax return preparation services provider	2015	No sale reported
	Cater Care Holdings Australia-based catering services company	2014	No sale reported
	Aviation Training Australasia Australia-based provider of aviation training services	2012	No sale reported
Crescent Capital Partners	Crumpler Australia-based bag manufacturer	2013	No sale reported

*Data correct as of April 19, 2021

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• Topics
• Australasia
• Exits
• Australia
• CHAMP Ventures
• Crescent Capital Partners
• Advent Partners
• Anchorage Capital Partners