The first 15 years of Australia’s Allegro Funds have been marked by a series of changes both to the firm and its market. Adapting to meet them has proven to be one of the turnaround specialist’s greatest strengths
M12, the VC arm of Microsoft, has led an approximately $21 million Series B round for GO1, an Australian workforce services technology start-up focused on corporate training.
Newly established Australian venture capital firm King River Capital has confirmed the launch of its debut fund and two initial investments.
CD Capital, a natural resources and mining-focused private equity firm based in the UK, has agreed to acquire Australian mining operation Verdant Minerals in a deal that values the company at A$40.5 million ($28.6 million).
Recruitment is the biggest challenge for Australian institutional investors as they look to deepen their participation in private equity, senior executives told the AVCJ Australia & New Zealand Forum.
Funds that are structured to hold assets for extended periods make sense – given the increasing number of companies that want to delay going public or avoid it altogether – but fees remain an issue, institutional investors told the AVCJ Australia...
Australian LPs want to establish deep relationships with portfolio GPs – where they can play an additive role in the investment management process – and see co-investment as one of the best ways of achieving this.
Australia’s Future Fund has appointed Alicia Gregory as its new head of private equity. She currently occupies the same position at MLC, operator of the country’s largest retail superannuation fund.
KKR-owned hospitality venue operator AVC has agreed to invest A$200 million ($141 million) in a joint venture with the liquor business of Australia supermarket Coles.
US-based enterprise software giant Salesforce has launched a $50 million venture capital fund focused on Australian technology start-ups.
Asian markets continue to represent an attractive destination for Australian PE-backed companies, but investors will need to show increasingly skeptical buyers that their cross-border plans have borne fruit
Proposed reforms could redraw Australia’s financial services landscape as tougher regulatory requirements see banks back away from certain areas. PE investors want to pick up the pieces
Pacific Equity Partners (PEP) has exited Allied Pinnacle, an Australia-based roll-up of multiple bakery supply investments, to Japanese strategic Nisshin Foods.
Long timeframes of incremental growth from a shallow base will test the staying power of a new generation of Australian venture capital funds. But confidence is running high
Chester Moynihan, founding partner of Australia-based turnaround specialist Allegro Funds, discusses deal sourcing, the impact of credit funds, and developing a coherent approach to operations
Most Australian institutional investors want to participate in deals alongside private equity managers, but few have the bandwidth to do it effectively. Recruitment and risk controls are the key obstacles
Quadrant Private Equity is planning to raise a A$300 million ($215 million) fund focused on growth equity investments in small and medium-sized enterprises in Australia.
Australian container supplier Brambles has agreed to sell its global reusable plastic crates (RPC) business to Europe-based GP Trion and Abu Dhabi Investment Authority (ADIA) for $2.5 billion.
Australia’s Artesian Venture Partners and government-backed Grains Research & Development Corporation (GRDC) have launched a A$50 million ($36 million) agriculture technology VC fund.
Driven by an existing portfolio that includes workforce management platform Deputy, Australia's EVP successfully tapped high net worth investors for its $25 million second fund
New Zealand’s Direct Capital has made an investment of undisclosed size in local engineering consultancy Beca.
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
Partners Group has recruited Ravi Jeyaraj, formerly of Navis Capital Partners, as head of private equity direct investments in Australia.
TPG Capital Asia’s Pathology Asia platform has continued a regional roll-up strategy with an investment of undisclosed size in a minority stake in Australian drug testing specialist Safe Work Laboratories.