Australasia
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.
Vintage update: Australia 2010-2012
A selection of Australia-based assets that remain in the portfolios of Advent Partners, Anchorage Capital Partners, CHAMP Ventures, and Crescent Capital Partners
Australia's Quadrant loses growth fund head
Justin Ryan, a managing partner at Quadrant Private Equity and latterly head of the Australian firm’s growth strategy, is stepping back from day-to-day investment activity.
Deal focus: Gobi sees 100x return on Airwallex
Gobi Partners became Airwallex's first institutional investor in 2016 due to a lack of support in the Australian company's home market. The GP made a partial exit in a recent Series D round at a valuation of $2.6 billion
1Q analysis: American dreams
New York makes an unexpected reappearance as the preferred IPO destination for Asian companies; the growth-stage tech investment revival continues; KKR lights up lackluster fundraising environment
Australia's Canva sees valuation double once again
Australian graphic design platform Canva has more than doubled its valuation to $15 billion with a new $71 million growth round. It was valued at $3.2 billion 18 months ago.
Deal focus: Rethinking Australia’s biggest resource
Adamantem Capital’s acquisition of carbon farming specialist Climate Friendly recognizes the increasing sophistication of the Australian carbon credit market as well as its room for improvement
Australia social media start-up Linktree raises $45m
Index Ventures and Coatue Management have led a $45 million Series B round for Australia-based social media services platform Linktree.
JC Flowers exits Asia trading platforms business
JC Flowers has agreed to sell Hong Kong-based Chi-X Asia Pacific, which operates equity trading platforms in Australia and Japan, to US-based Cboe Global Markets.
Blackstone bids $6.1b for Australia's Crown Resorts
The Blackstone Group has offered to acquire 100% of Australia-listed casino and hotel operator Crown Resorts for about A$8 billion ($6.1 billion).
Australia's Airwallex sees valuation hit $2.6b
Airwallex, an international payments technology provider that launched out of Melbourne, has closed a third tranche of Series D funding, taking the overall round to $300 million and its valuation to $2.6 billion.
Ares & SSG: Scale proposition
The merger of Ares Management and SSG Capital is among the largest ever seen in Asian alternatives. They are now pushing into new markets and segments, leveraging the combination of size and local resources
Private equity & credit: Seeking synergies
GPs are placing greater emphasis on Asia private debt strategies to capture deals that don’t work as private equity. Much can be achieved by pooling ideas and resources, but collaboration isn’t as straightforward as it seems
Australia's Adamantem acquires carbon offset company
Australia’s Adamantem Capital has acquired a controlling stake in Climate Friendly, a local carbon offset consultancy, for an undisclosed sum.
China biotech makes Asia global healthcare PE leader
A more than 100% year-on-year increase in deal volume saw Asia Pacific overtake North America to become the most active global private equity healthcare market for the first time in 2020.
VCs to exit New Zealand-based software developer
Canada’s Lightspeed POS, a global technology supplier for consumer-facing businesses, has agreed to buy New Zealand retail software player Vend for $350 million. It sets up several VC exits.
New Zealand's Seequent sold to US trade buyer for $1b
Accel-KKR, a private equity firm created by Accel Partners and KKR, is set to exit New Zealand engineering software provider Seequent to a US strategic in a deal worth $1 billion.
Quadrant backs Australia's TSA, Livingbridge exits
Quadrant Private Equity has invested an undisclosed sum in TSA Management, an Australia-based project consultancy business, taking out existing backer Livingbridge in the process.
Profile: Cook Islands Super's David Brown
In 2015, David Brown swapped a career as an LP in Australia for a similar vocation in the Pacific Islands. Despite leaving his comfort zone – and getting charged and then cleared of fraud – he’s keen for more
CPE sells Australia biscuit business to Mondelez
Australian mid-market private equity firm CPE Capital has agreed to sell Gourmet Food Holdings (GFH) – a local producer of crackers and biscuits – to US-based food multinational Mondelēz International.
Rugby Australia open to private equity proposals
Rugby Australia will consider private equity investment proposals, following in the footsteps of commercial rugby union organizations in the UK and New Zealand that need cash to alleviate financial stress arising from COVID-19.