Australasia
NZ Super, OTPP buy New Zealand pathology business
New Zealand Superannuation Fund (NZ Super) and Ontario Teachers’ Pension Plan (OTPP) have completed a NZ$550 million ($387 million) carve-out of Healthscope’s New Zealand pathology services business.
Roc buys Australia grain marketing business
Australia’s Roc Partners has agreed to acquire a 100% stake in local grain storage and handling company Emerald Grain from Japan’s Sumitomo Corp for an undisclosed sum.
Advent set for partial exit in Silk Laser's Australia IPO
Silk Laser Clinics, an Australia-based cosmetic treatments business, is looking to raise A$83.4 million ($61.5 million) through a domestic IPO, which will facilitate a partial exit for majority owner Advent Partners.
Anacacia backs Australia's Pump Haircare
Anacacia Capital has acquired a controlling stake in Pump Haircare, an Australian organic hair products brand that is looking to further expand its online distribution channels.
Aggression pays off in times of crisis - AVCJ Forum
Going on the offensive is the best response to COVID-19 - taking advantage of market uncertainty to make new investments and help portfolio companies complete bolt-on acquisitions - the AVCJ Forum heard.
Macquarie, Armitage-backed Nuix to list in Australia
Macquarie and Armitage Associates are both set to make partial exits when analytics software provider Nuix completes its Australia IPO.
Warburg Pincus, Advantage honored at AVCJ Awards
Warburg Pincus and Advantage Partners triumphed in the firm of the year categories at the 2020 AVCJ Private Equity & Venture Capital Awards, with The Carlyle Group and Affinity Equity Partners also among the winners with two trophies apiece.
KKR buys majority stake in New Zealand animal health business
KKR has acquired Argenta, a New Zealand-based animal health services provider, for an undisclosed sum.
Asset allocation: So long, silo?
The total portfolio approach remains on the margins of asset management. Advocates of the model hope LPs will reconsider as they look for alpha beyond the areas where they normally find it
ADIA, OTTP invest $1.2b in renewables-focused Equis
Abu Dhabi Investment Authority (ADIA) and Ontario Teachers’ Pension Plan (OTTP) have confirmed a $1.2 billion investment in Asia-focused renewable energy owner-operator Equis Development.
Deal focus: V2Food tackles alternative protein’s price problem
Australia’s V2Food is bringing affordability to the alternative protein space as fresh funding fuels an Asian expansion. The China entry will be a delicate proposition
IFM backs Australia SaaS player Zuuse
Australia’s IFM Investors has invested about A$50 million ($36 million) in local industrial software-as-a-service (SaaS) start-up Zuuse.
Australia HR start-up Flare raises $16m
KKR-owned accounting services providers MYOB has led a A$22 million ($16 million) Series C round for Australian HR technology start-up Flare.
Guy Hands buys Australian cattle business from Terra Firma
Guy Hands, chairman and CIO of Terra Firma, has acquired the UK-headquartered private equity firm’s position in Consolidated Pastoral (CPC), one of Australia’s largest cattle station operators, through his family office.
Ares bids for Australian financial services player AMP
Ares Management has submitted a non-binding offer of around A$6.4 billion ($4.5 billion) to acquire Australia’s AMP, continuing the recent private equity push into the country’s wealth management industry.
Infratil, Morrison bid $524m for Australia radiology business
New Zealand infrastructure investors Infratil and HRL Morrison have offered to acquire a 75% stake in Australia-based radiology business Qscan for an enterprise valuation of A$735 million ($524 million), facilitating an exit for Quadrant Private Equity.
Australia's SafetyCulture raises a further $35m
Blackbird Ventures has led a A$48.5 million ($35 million) round for Australian workplace safety platform SafetyCulture. It comes six months after a Series C investment of similar size.
Australia's Link Group rejects PEP, Carlyle buyout offer
Australia-based financial data and fund administration services provider Link Group has rejected a A$2.7 billion ($1.97 billion) buyout offer from Pacific Equity Partners (PEP) and The Carlyle Group, saying it materially undervalues the company.
Square Peg joins $80m Series D for Australia's Rokt
Square Peg Capital and TDM Growth Partners have joined an $80 million Series D round for Australia e-commerce marketing technology provider Rokt.
Deal focus: Lyre’s opts for science instead of a still
Australia-founded beverages maker Lyre’s has raised $11.5 million in seed funding with a view to helping non-alcoholic spirits follow in the footsteps of alternative protein
Australia's V2Food raises $55m Series B
Australian alternative protein producer V2Food has raised a A$77 million ($55 million) Series B round featuring Sequoia Capital China and Temasek Holdings.
Asia fundraising: Be prepared
LPs are becoming more flexible in their due diligence, in certain cases backing managers where there has been no face-to-face interaction, but COVID-19 has underlined the importance of pre-fundraise engagement
L Catterton exits RM Williams to Australian billionaire
L Catterton Asia has sold Australian bootmaker R.M. Williams to Tattarang, a private investment group established by Andrew Forrest, majority shareholder and former CEO of Fortescue Metals Group.
BGH, OTPP sweeten deal for New Zealand's Abano
BGH Capital and Ontario Teachers’ Pension Plan (OTPP) have improved their take-private offer for New Zealand dentistry chain Abano, reflecting a relatively strong business recovery.
