Australia-listed hospital operator Healthscope has agreed to a take-private offer by Brookfield Asset Management that values the company at A$4.38 billion ($3.17 billion) on an equity basis, rejecting a competing offer from a consortium led by BGH Capital.
Addressing Chinese demand was central to QIC’s acquisition of cattle breeder North Australian Pastoral, but the company has repositioned itself in response to changing patterns of consumption in global beef markets
Federation Asset Management – a group headed by the former head of Macquarie Capital’s principal investment division in Australia and New Zealand – has led a A$20 million ($14.5 million) Series B for Australian courier services player Sendle.
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has invested A$22.5 million ($16.1 million) in Australian workforce management solutions provider Humanforce.
Corsair Capital has agreed to exit most of its controlling stake in DP World Australia to the shipping services provider’s original corporate parent.
Funds SA, which is responsible for investing on behalf of South Australia’s public-sector superannuation funds, has recruited Cameron Sinclair (pictured) from Future Fund to lead private equity and infrastructure activity.
Adrian Kerley (pictured), the investment manager responsible for private markets at Australia’s Commonwealth Superannuation Corporation (CSC) will join the private equity team at IFM Investors in February.
BGH Capital is close to announcing its first deal after a revised offer of A$2.1 billion ($1.5 billion) for Australian education services provider Navitas won backing from the company’s board.
Mercury Capital secured a 15.7x return by helping Australian clinical trials specialist Novotech upgrade its marketing and personnel as well as pursue Asian expansion
Baraja, an Australia-based start-up developing guidance technology for autonomous vehicles, has raised a $32 million Series A round from investors including Sequoia China and Blackbird Ventures.
Australian mid-market buyout firm Next Capital has agreed to buy NZ Bus, a local bus service operator in New Zealand, from infrastructure investment manager Infratil.
The board of Australian accounting software provider MYOB has agreed to back a buyout offer from KKR that values the company at approximately A$2 billion ($1.43 billion).
Brookfield Asset Management expects to proceed with a A$4.49 billion ($3.16 billion) take-private offer for Australia-listed hospital operator Healthscope, although BGH Capital – which began its pursuit of the company eight months ago – has indicated...
Axiom Asia has closed its fifth regional fund-of-funds at $1.39 billion - beating the target of $1.01 billion - and also raised $210 million for its first dedicated co-investment vehicle.
KKR has reduced its offer for Australian accounting software provider MYOB and is now willing to buy all the shares it doesn’t already own at a valuation of A$2 billion ($1.43 billion).
US-based private equity firm Strattam Capital has acquired a majority stake in Australian workforce management software-as-a-service provider Acendre Partners for an undisclosed sum.
Chris Hadley, executive chairman of Quadrant Private Equity, reflects on the key themes underpinning the firm’s activities in Australia and – increasingly – overseas as well
The transformation of Manuka Health from loosely run family affair into professional segment leader helped organize a cottage industry into big business
Intellihub Group, an Australian smart meter company formed earlier this year by Pacific Equity Partners (PEP) and Landis+Gyr, has acquired the metering data and service business of New Zealand power supplier Mercury for NZ$270 million ($185 million).
Australian lower middle market private equity firm Advent Partners has promoted Rob Hooke to partner.
Australian specialist fund manager Infrastructure Capital has raised A$150 million ($109 million) for a renewable energy fund, including a A$100 million commitment from the government’s Clean Energy Finance Corporation (CEFC).
Pan-regional funds attract the bulk of capital while the renminbi space withers; mixed fortunes for internet IPOs and trade sales; big buyouts fail to deliver but growth-stage tech stays strong
New Zealand Superannuation Fund has named Stephen Gilmore (pictured), who was most recently chief investment strategist with Australia’s Future Fund, as its new CIO.
New Zealand e-commerce company Trade Me has agreed to be 100% acquired by Apax Partners at an enterprise value of NZ$2.7 billion ($189 million) one week after receiving a similar proposal from Hellman & Friedman.