Five Australian superannuation funds have backed a AUD 30m (USD 20.4m) investment in local Wi-Fi chipmaker Morse Micro, extending a recent Series B round to AUD 170m.
Australia’s AirTree Ventures and US-based Greycroft have led a AUD 23m (USD 15.5m) investment in Melbourne-based fraud prevention platform FrankieOne, lifting its Series A round to AUD 45.7m.
US-based growth-stage technology investor Vistara Growth has joined Queensland Investment Corporation in an AUD 36m (USD 25m) round for Vald, an Australian start-up that supplies performance-tracking technology to a host of professional sports teams.
Targeting PRP Diagnostic Imaging through its long-hold fund meant IFM Investors could offer the company stability and partnership. It expects to generate dividend yield and capital growth
Australia Business Growth Fund (ABGF), a partially government-backed investor that backs small to medium-sized companies, has invested AUD 15m (USD 10m) in local tourism company HMC Group.
With ISSB pursuing pre-eminence in sustainability-related financial disclosures and TCFD emerging as a preferred climate framework, investors and investees will have to get more serious about reporting
KKR has led a USD 68m Series B round for Australia’s Advanced Navigation, an autonomous systems developer for robots and vehicles used everywhere from the freeway to orbit
Blackbird and Prosperity7 Ventures, a unit of Saudi Arabian oil company Aramco, have led a USD 49.2m Series A round for Australian cell-cultured meat company Vow.
Baring Private Equity Asia – now BPEA EQT – retained the large-cap firm of the year prize at the 2022 AVCJ Private Equity & Venture Capital Awards as it, Pacific Equity Partners (PEP), and The Blackstone Group claimed two victories apiece.
BPEA EQT – formerly Baring Private Equity Asia – and Regal Partners have increased their offer for Australia-based asset manager Perpetual only for the target company’s board to reject them once again.
Michael Dennis, managing director and head of alternatives strategy and capital markets for Asia Pacific at BlackRock, on co-investment, customisation, and what Asian investors want from alternatives
Australia-based asset manager Perpetual has rejected a buyout offer from BPEA EQT – formerly Baring Private Equity Asia – and listed alternatives manager Regal Partners that values the company at approximately AUD 1.7bn (USD 1.07bn).
Blackbird Ventures has raised AUD 1bn (USD 647m) for its latest fund, which will invest in “generational” technology companies in Australia and New Zealand. It is the largest ever VC fund raised by an Australia-based manager.
Quadrant Private Equity has closed a AUD 255m (USD 165m) single asset continuation fund for MotorOne, an Australia-based automotive after-market services provider it has owned since 2016.
Investors are increasingly drawn to the structural nuances, sticky customer bases, and long tail of ancillary opportunities that exist around professional sports. Asia’s role is small but growing
Samsara Eco, an Australia-based start-up that has developed enzymes capable of breaking down plastics into their core molecules so they can be reconstituted in new items, has raised AUD 54m (USD 34.6m) in Series A funding.
TPG has completed its acquisition of a majority stake in Australia-based prescription medicines business iNova Pharmaceuticals, facilitating exits for Pacific Equity Partners (PEP) and The Carlyle Group.
BGH Capital and Sixth Street Partners have agreed to acquire PushPay, a New Zealand and Australia-listed payments business specialising in donor management, for an enterprise value of NZD 1.54bn (USD 933m).
Australia’s Roc Partners has led a AUD 55m (USD 35.6m) Series B round for local carbon credits platform and sustainability advisory Viridios Group.
Australian venture capital firm Square Peg Capital has raised USD 550m across two vehicles, including its fourth flagship early-stage fund and a follow-on fund.
K1 Investment, a US-based private equity that focuses exclusively on enterprise software companies, has agreed to acquire Australia-listed Elmo Software at a valuation of AUD 483m (USD 313m).
Institutional investors continue to pursue more active roles in private equity, even as a souring macro backdrop makes the game harder to play. Talent is always the key variable
Gamurs claims to have carved a niche as the largest gaming news publisher in the English-speaking world on the back of 39 acquisitions in seven years. Its Series A will go towards more purchases
The Carlyle Group has appointed Geoff Hutchinson, formerly of Morrison & Co. and Pacific Equity Partners (PEP) as a managing director and head of private equity for Australia and New Zealand.