Australasia
Australia's CPE exits Cell Care to US strategic
Australian middle-market private equity firm CPE has agreed to sell cord blood banking business Cell Care to Generate Life Sciences, a US-based provider of cellular services for fertility and therapeutic purposes.
PE-backed PropertyGuru buys Malaysia, Thailand assets from REA
PropertyGuru, a Singapore-based real estate portal backed by the likes of TPG Capital and KKR, has acquired REA Group’s property technology assets in Malaysia and Thailand.
Bain & Co names Australia PE head
Bain & Company has appointed James Viles as head of its Australia private equity practice, a newly created role.
KKR bids for Australia conveyancing business
KKR is seeking to become the largest shareholder in Pexa, an Australia-based electronic settlement network for property deals, having offered to take out Link Administration Holdings at an enterprise valuation of A$3 billion ($2.3 billion).
Australia fintech start-up raises $19m Series A
Australian payments technology platform mx51 has raised A$25 million ($19.4 million) in Series A funding led by Acorn Capital, Artesian, Commencer Capital, and Mastercard.
Profile: Adamantem Capital's Rob Koczkar
After swapping a career in private equity for a role in philanthropy, Rob Koczkar returned to the asset class with Adamantem Capital – but brought strong beliefs on sustainability and inclusion with him
Baring Asia exits SAI Global's assurance business
Baring Private Equity Asia is set to exit a significant part of Australia-based SAI Global, having agreed to sell the standards and assurance services business to UK-listed Intertek Group for A$855 million ($664 million).
Portfolio: CDH Investments & China Grand Pharma
The contribution CDH Investments has made to China Grand Pharma belies the size of its equity interest in the company. M&A, at home and overseas, has been central to the growth strategy
Blackstone sweetens offer for Australia's Crown Resorts
The Blackstone Group has improved its take-private offer for Crown Resorts, valuing the Australian casino operator at about A$8.3 billion ($6.5 billion).
KKR relaunches IPO bid for Australia's Pepper
KKR has returned to the market with Australia-based mortgage and asset finance lending business Pepper Money – a year after a previous IPO failed to get traction – seeking to raise up to A$500.1 million ($394 million).
Asia brand aggregator raises $40m
Una Brands, an aggregator of e-commerce brands with a presence across Asia, has launched with A$50 million ($40 million) in seed funding from 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, and Global Founders Capital.
Apollo offers $3.1b for Australia sports betting business
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
Australia's SafetyCulture hits $1.7b valuation
Australian workplace safety platform SafetyCulture has achieved a valuation of A$2.2 billion ($1.7 million) following a A$99 million round led by Insight Partners.
Fund focus: Main Sequence differentiates by going deep
Australia’s Main Sequence Ventures, a government-established VC, has raised 100% of its second fund with outside capital. It credits much of the success to the high barriers of hard science
Quadrant returns to Australia's pet services space
Quadrant Private Equity has ventured into the pet services space for a third time with the acquisition of a majority stake in Australian pet food manufacturer Prime100.
KKR buys New Zealand's Natural Pet Food from Pioneer
KKR has agreed to acquire New Zealand premium pet food maker Natural Pet Food Group (NPFG) from local private equity firm Pioneer Capital.
PEP, Carlyle end pursuit of Australia's Link
Pacific Equity Partners (PEP) and The Carlyle Group have abandoned their A$2.7 billion ($1.97 billion) bid for Australia-based financial data and fund administration services provider Link Administration Holdings.
Quadrant makes partial exit via Australia car dealership IPO
Quadrant Private Equity has made a partial exit from Australian car dealership Peter Warren Automotive Holdings following the company’s A$260.1 million ($203 million) IPO.
MIRA to buy Australia waste management business
Macquarie Infrastructure & Real Assets (MIRA) has agreed to acquire 100% of Australia-listed waste management business Bingo Industries for A$2.3 billion ($1.8 billion).
Australia's Main Sequence closes Fund II at $194m
Main Sequence Ventures, a specialist deep tech investor established by Australia’s national science agency, CSIRO, has closed its second fund with A$250 million ($194 million) in commitments.
Deal focus: Cattle herding enters the app age
New Zealand’s Halter is bringing innovation to an industry that hasn’t seen many new tools since the invention of barbed wire. Blackbird Ventures is offering its support
New Zealand dairy farm management start-up raises $23m
Blackbird Ventures has led a NZ$32 million ($23.4 million) Series B round for Halter, a New Zealand-based start-up that has developed smart cow collars and an accompanying app to aid dairy farm management.
Allegro to acquire Australia express delivery business
Australia-based turnaround investor Allegro Funds has agreed to buy Toll Global Express (TGS), the express delivery division of domestic logistics giant Toll Group.
Insight invests $172m in Australia's Octopus Deploy
Insight Partners has invested $172.5 million for a minority stake in Octopus Deploy, an Australian IT services company focused on automating software-related operations.