Australasia
ICG buys New Zealand's Canopy Healthcare
ICG has acquired Canopy Healthcare Group, a New Zealand-based healthcare platform that offers diagnostic imaging, medical oncology, and drug compounding services.
IFM acquires Australia SaaS player Render Networks
IFM Investors has acquired a controlling interest in Render Networks, an Australia-founded and now US-headquartered software-as-a-service (SaaS) provider specialising in construction management.
GD1 launches New Zealand's first crypto VC fund
New Zealand’s GD1 has launched what it calls the first dedicated crypto and Web3 VC fund in its home market less than a week after a similar claim by PAC Capital in Australia.
Australia's Shippit secures $46m Series B
Tiger Global Management, Tidal Ventures, and SecondQuarter Ventures have led an AUD 65m (USD 46m) Series B extension for Australia-based logistics software provider Shippit.
GIP, AGL commit $1.4b to Australia renewables
Global Infrastructure Partners (GIP) has joined a AUD 2bn (USD 1.4bn) Australian renewable energy development program alongside local utility AGL Energy.
Bain sells Australia childcare business for $320m
Bain Capital has sold Australia-based daycare provider Only About Children (OAC) to US strategic investor Bright Horizons Family Solutions for AUD 450m (USD 320m).
Asia credit: Shift in the cycle
Private debt investors in Asia are mindful of mounting global risks, but they also see opportunities emerging within the region across the capital structure
Australia's Mercury targets $595m for Fund IV
Australian mid-market private equity firm Mercury Capital is targeting AUD 800m (USD 595m) for its fourth fund.
KKR pursues $15b Australia healthcare take-private
A KKR-led consortium has proposed to acquire Ramsay Health Care, an Australia-listed hospital operator with a footprint that encompasses Australia, Europe, and other parts of Asia, at a valuation of approximately AUD 20.1bn (USD 14.9bn).
ShawKwei buys Australia beauty, healthcare company
ShawKwei & Partners has acquired Australia’s Rauxel, a beauty and healthcare industry supplier, for an undisclosed sum. It will be merged with existing portfolio company Icons Beauty Group.
Hosen closes $280m single asset continuation fund for Kilcoy
Hosen Capital, which makes investments in China’s consumer space, has closed a USD 280m single-asset continuation fund for Kilcoy Global Foods, a beef processing business it has owned since 2013.
BGH continues fight for Australia's Virtus Health
BGH Capital is refusing to give up its pursuit of Australian fertility care business Virtus Health, tabling a revised buyout bid even after the company entered a binding agreement with CapVest Partners.
CPE sells New Zealand shipping business to Morgan Stanley
Australian middle-market private equity firm CPE Capital has sold StraitNZ, a ferry and logistics operator that runs services across the Cook Strait between New Zealand’s North and South Islands, to Morgan Stanley Infrastructure Partners (MSIP).
Riverside backs Australia events software provider
The Riverside Company has invested an undisclosed sum in EventsAIR, an Australian events management software provider for in-person, virtual, and hybrid events.
BNPL: Voodoo economics?
Credit-driven e-commerce is coming to developing Asia with an attractive supply-demand equation and a mix of macro and business-level risks. Start-ups are courting incumbents, not disrupting them
Australia's Carthona hits $75m first close on VC fund
Australia-based VC firm Carthona Capital has reached a first close of AUD 100m (USD 75m) – against a target of AUD 200m – on its fourth fund, which will add Web3 to its existing focus areas.
Quadrant secures $217m Australia IT services exit after two-year hold
Quadrant Private Equity has sold Australian IT enterprise services business Arq Group to NCS Group, a SingTel Group-owned IT and communications engineering player, for AUD 290m (USD 217m).
Liverpool Partners buys Australian fertility business
Australian healthcare player Healius has agreed to divest another asset to private equity, with the sale of its fertility business to Liverpool Partners for AUD 30.5m (USD 23m).
Australia's IFM hits first close on long-hold fund
Australia’s IFM Investors has reached a first close of AUD 450m (USD 337m) on a long-term private capital (LTPC) fund designed to hold assets for 10 years or more. The overall target is around AUD 1bn.
Deal focus: Zeller makes its presence felt
Less than a year after launching its digital payments-led product suite, Australia-based Zeller has accumulated 11,000 merchant customers, raised over USD 100m, and achieved a USD 750m valuation
Brookfield buys Australia non-bank lender for $1.1b
Brookfield Asset Management has agreed to acquire Australian non-bank lender and asset manager La Trobe Financial for about USD 1.1bn, facilitating an exit for The Blackstone Group.
Index, Coatue lead $110m round for Australia's Linktree
Index Ventures and Coatue Management have led a USD 110m round for Linktree, an Australian social media platform that drives audience engagement, at a valuation of USD 1.3bn.
Livingbridge gets ESG-linked credit facility in Australia from Ares
Livingbridge has secured AUD 280m (USD 206m) in sustainability-linked credit facilities from Ares Management to support its acquisition of Australia-based waste management services provider Waste Services Group (WSG).
Flexibility first: Investing in the future of work
Investment in work-tech has soared as start-ups devise solutions for workforces that are increasingly distributed in terms of location, structure, and practice. Data, and knowing what to do with it, is key