Australasia
Archer makes $200 million bid for Australia's Boom Logistics
Archer Capital has made an A$240 million ($200 million) bid for Australia’s Boom Logistics Ltd., a crane and construction equipment rental business with substantial exposure to the mining and resources sector.
Riverside invests Oz medical evaluator MLCOA
Global SME-focused private equity firm The Riverside Company has invested an undisclosed sum in Australian medical consultancy MLCOA, marking Riverside’s second acquisition in the market.
Carlyle makes $291 million Contract Aviation bid
The Carlyle Group has consummated its protracted pursuit of Contract Aviation Industries with an A$350 million ($291 million) bid for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March before...
CVC said joining KKR Healthscope bid
CVC Capital Partners may be joining Kohlberg Kravis Roberts & Co. in its A$1.84 billion ($1.56 billion) bid for Australia's Healthscope Ltd., in contention against a consortium of the Carlyle Group and TPG Capital, as well as Dallas-headquartered US strategic...
KKR, others cited for Healthscope
Kohlberg Kravis Roberts & Co. and an unnamed strategic bidder have been cited as the latest contenders for Australia's Healthscope Ltd., entering bids of around A$1.84 billion ($1.56 billion), marginally above the A$1.8 billion ($1.5 billion) already...
Oz private equity tax ruling deferred indefinitely
The Australian Taxation Office (ATO) has deferred for the third time its long-awaited ruling on taxation of private equity profits in Australia, pending a government review of tax policy in the sector.
CP2 fails to block Transurban share sale
CP2 Ltd., the Australian infrastructure investor that partnered with Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) in the attempted A$7.2 billion ($6.4 billion) privatization of local toll road operator Transurban...
Healthscope: A healthy deal
The still-developing and much-covered privatization bid for Australian listed private healthcare provider Healthscope Ltd. by a consortium that now allegedly includes TPG, Carlyle and newcomer Blackstone is fast turning into a diagnostic test for the...
First Reserve takes high Calibre in Oz
That Australia's mining and metals sector is a powerhouse in global natural resources markets is well known.
Iglesias, Humphreys, Fleming aim for Continuity
Ovidio Iglesias, Bill Humphreys and Grant Fleming, three of the senior fund management professionals most recently associated with Wilshire Private Markets, have announced their own independent vehicle, Continuity Capital Partners.
Barclays Capital arm backs Oz Hydra Energy
Barclays Natural Resource Investments, a division and co-investment partner of Barclays Capital, is backing the formation of Hydra Energy, a petrochemicals start-up seeking undeveloped or late-life oil and gas assets in Australia.
Queensland biotech fund gets Eli Lilly backing
The government of the Australian state of Queensland has partnered with pharmaceutical giant Eli Lilly & Co. to launch a $250 million biotech and life sciences VC fund.
GESB Oz makes new appointments
Western Australia's Government Employees Superannuation Board (GESB) the state's largest superannuation fund at $10.4 billion, has just made two new Investment Strategist appointments: Kate Budiselik as real estate, infrastructure and multi-manager lead,...
Healthscope bidders raise price, nix breakup
The private equity bidders for ASX-listed hospital business Healthscope - still unconfirmed but widely reported as the Carlyle Group and TPG Capital - have raised their bid for the target to A$5.75 ($4.86) per share, totaling A$1.8 billion ($1.5 billion),...
Blackstone opens Oz office
The Blackstone Group has announced the opening of an office in Australia to capitalize on local LBO opportunities.
PEP bids against Hands for UK's Biffa
An investee of Australian buyout firm Pacific Equity Partners (PEP) is reportedly bidding against a rival backed by Guy Hands' Terra Firma Partners to acquire the landfill gas unit of UK waste management and waste power company Biffa.
First Reserve gets large Calibre
Resources-focused private equity firm First Reserve Corp. has taken a 75%+ stake in Western Australian engineering firm Calibre Global, reportedly for at least A$100 million ($86 million).
CPPIB/OTPP reach end of road with Transurban
In what looks like the end of the road for the takeover bid by Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) for Australian toll road operator Transurban Group, the Transurban board rejected a higher offer...
Goodman and CPPIB launch joint fund
Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).
CVC flies into Stella/Jetset stock merger
CVC Capital Partners has had a public markets exit of sorts on its Australian travel investee Stella Travel Services through an all-share merger with listed industry peer Jetset Travelworld, creating a 50:50 JV listed business worth some A$440 million...
Oz healthcare play, by who?
Australian private hospital and pathology operator Healthscope acknowledged receipt of an A$1.74 billion ($1.55 billion) takeover offer from an unnamed private equity consortium.
INCJ seeks Australian water business
Innovation Network Corporation of Japan (INCJ), the government-backed public/private fund, has agreed to acquire United Utilities Australia (UUA), a wholly-owned subsidiary of United Utilities PLC, the UK's largest listed water company, alongside Japanese...
Russell appoints new Oz real estate research senior
Russell Investments, the US-headquartered global investment advisor, has appointed Samantha Steele as a senior research analyst in Australia, focusing on real estate and private equity manager research in Asia and Australasia.
Transurban rejects higher CPPIB/OTPP bid
Australian toll road major Transurban Group has rejected a higher takeover bid of A$7.2 billion ($6.4 billion) from the Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP), along with local fund manager CP2 Ltd....