The Riverside Company has sold Australia’s Global Orthopaedic Technologies (GOT) for an undisclosed sum to Corin Orthopaedic, a UK-based firm recently bought by Permira.
Pacific Equity Partners (PEP) has agreed to sell Manuka Health, a New-Zealand based producer of premium honey – used in dietary supplements, gourmet foods and personal care products – that it acquired three years ago.
New Zealand’s Direct Capital has exited its remaining 13.7% stake in domestic carpet manufacturing industry services provider Cavalier Wool Holdings (CWH) for an undisclosed sum.
Special situations investor Oaktree Capital has extended a loan package worth up to A$50 million ($36 million) to Australia-listed Blue Sky Alternative Investments following a string of regulatory breaches.
Australia’s Blackbird Ventures has joined a A$19 million ($13.7 million) Series B round for local rocket developer Gilmour Space Technologies.
Australian fashion retailer Universal Store has been acquired by venture capital firms BB Retail Capital, Catalyst Direct Capital Management, and Five V Capital.
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
The Australian Private Equity & Venture Capital Association (AVCAL) – which will be known as the Australian Investment Council from next year – has appointed its first chairperson from the local institutional investor community.
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
Anacacia Capital has exited Yumi’s Quality Foods, an Australian chilled food manufacturer that it acquired in 2014, to George Weston Foods (GWF) for an undisclosed sum.
Bain Capital Private Equity has abandoned its bid to acquire Australian skin and hair care product manufacturer BWX for A$810 million ($613 million).
CHAMP Private Equity has exited Australian foreign exchange broker Pepperstone following a buyout by its founders, senior management and Fiona Lock, a managing director at the PE firm.
Partners Group has agreed to pay Macquarie Capital and Renewable Energy Systems (RES) A$200 million ($142 million) for a construction-stage wind power project in Australia.
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has made a growth-stage investment of undisclosed size in New Zealand data visualization software provider Seequent.
National Australia Bank (NAB), has committed an additional A$50 million ($36 million) to its venture capital unit for investments in financial technology companies through 2020.
Venture debt providers are confident that the asset class is set for growth in Asia, though momentum is slow in most markets. Lenders must adapt their strategies to meet local needs if they are to be successful
AustralianSuper and Canada Pension Plan Investment Board (CPPIB) have joined a consortium that will acquire a 51% stake in Sydney’s WestConnex highway system from the New South Wales government for A$9.3 billion ($6.7 billion).
Adamantem Capital has agreed to buy Australia-based Zenitas Healthcare in a deal worth approximately A$122 million ($88 million), including debt. It is working with Liverpool Partners, an investment and advisory firm with extensive experience in healthcare.
New Zealand’s Genesis Private Equity has launched its second fund focused on local small to medium-sized companies with a target of NZ$30 million ($20 million).
Australian marketing platform operator Simple has raised $17 million for global expansion in a round led by local investor BBRC Private Equity. It is the GP’s first investment.
US-based VC Point72 Ventures has led a A$21 million ($15.4 million) round for Australian staff management technology provider Flare.
Crescent Capital Partners has closed its sixth Australia and New Zealand mid-market fund at A$800 million ($586 million) after less than three months in the market.
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.