Australasia
Anchorage agrees carve-out from New Zealand's Green Cross Health
Anchorage Capital Partners has agreed to buy New Zealand-based Green Cross Health’s community healthcare business – which provides in-home nursing, personal care, rehabilitation, social support, and household assistance services – for an enterprise...
L Catterton re-ups in Australian kombucha brand
Remedy Drinks, an Australia-based healthy beverage brand, has raised a Series B round from existing investors L Catterton and Kin Group.
Deal focus: Small is beautiful at Quantum Brilliance
Australia-based Quantum Brilliance has raised USD 18m in pre-Series A funding on the back of technological breakthrough that delivers quantum computing without large-scale cooling infrastructure
Deal focus: Loam Bio’s agri-climate offering resonates with investors
Soil carbon sequestration specialist Loam Bio’s Series B is the largest ever seen in Australian agricultural technology. The company’s backers expect it to go big and go global
New Zealand's Pencarrow closes Fund VI on $187m
New Zealand-based Pencarrow Private Equity has closed its sixth fund at the hard cap of NZD 300m (USD 187m), having scaled up from NZD 250m in the previous vintage.
AVCJ Awards 2022: Firm of the Year – Mid Cap: Pacific Equity Partners
Reflecting on a 12-month period characterised by a string of bumper exits, Australia’s Pacific Equity Partners sees a clear connection between performance and well-established team and culture
Australia quantum computer maker raises $18m
Australian quantum computer start-up Quantum Brilliance has raised USD 18m from several local VC firms, plus US-based investors Ultratech Capital Partners and CM Equity Partners.
Sequoia Southeast Asia leads Series C for Australia's Shift
Sequoia Capital Southeast Asia has led a Series C round of AUD 27m (USD 18.5m) for Australia-based credit and payments platform Shift.
Australia's Loam Bio raises $73m Series B
Loam Bio, an Australia-based agricultural technology start-up that uses microbes to sequester carbon in farm soils, has received AUD 105m (USD 73m) in Series B funding.
Deal focus: Adamantem extends Retail Zoo’s PE story
Adamantem Capital bought Retail Zoo from Bain Capital with a view to continuing the rollout in Australia and overseas while potentially picking up more food and beverage brands
Value in adversity: Australia’s operational challenge
With Australia poised for a rarely-seen period of economic difficulty, the operational capabilities developed by domestic private equity firms will be put to the test
Australia's Fortitude adds two partners
Australia-based Fortitude Investment Partners, formerly the growth capital investment business of listed alternatives manager Blue Sky, has promoted Bryan Brown and Sam O’Connor to partner.
AVCJ Awards 2022: Exit of the Year – Mid Cap: Probe CX
Five V Capital identified an opportunity in Australia-based outsourced business services and brought in Quadrant Private Equity to help scale the concept. A USD 792m exit to KKR was their reward
Potentia gains due diligence access to Australia's Nitro
Potentia Capital has been invited to perform due diligence on buyout target Nitro Software after trumping a rival bid for the listed Australian company, ending months of board resistance to its overtures.
New Zealand hydrogen player raises $14m
New Zealand hydrogen and zero-emission technologies developer Fabrum has raised a NZD 23m (USD 14.5m) Series A round led by UK-based AP Ventures.
Deal focus: Serving the sole trader
Accounting software provider Hnry has built up a following among freelancers and self-employed tradespeople in New Zealand and Australia. A USD 25m Series B will help it look further afield
Adamantem buys Australia's Retail Zoo from Bain
Adamantem Capital has acquired a majority stake in Retail Zoo, operator of Australia-headquartered food retail brands Boost Juice and Betty’s Burgers, from Bain Capital for an undisclosed sum.
AVCJ Awards 2022: Deal of the Year – Large Cap: Crown Resorts
Crown Resorts represented a daunting target, given its size and pandemic and regulatory-related challenges. The Blackstone Group drew on its global know-how to make the USD 8.1bn deal work
Alvarez & Marsal expands PE coverage in Australia
Alvarez & Marsal (A&M) has appointed Timo Schmid as a managing director and head of its newly established private equity performance improvement practice in Australia and New Zealand.
Australia's Future Fund posts loss in 2022
Australia’s Future Fund posted a 3.7% loss for the 2022 calendar year amid rising inflation and volatility in public markets – with Peter Costello, the fund’s chairman, warning of further challenges to come.
University of Melbourne VC fund hits $70m first close
The University of Melbourne has hit a first close on a VC fund that will invest in university-related entrepreneurs and researchers with AUD 100m (USD 70m) in commitments.
US investor secures control option for Melbourne football club
Shareholders in Australian football club Melbourne Victory have approved a proposal that allows US-based investor 777 Partners to take a majority stake.
Airtree leads $25m round for New Zealand's Hnry
Australia’s Airtree Ventures has led a NZD 35m (USD 25mm) Series B round for New Zealand small business financial technology provider Hnry.
Australia's Potentia contests Nitro merger plan
Potentia Capital has appealed a decision by Australia’s Takeovers Panel not to intervene in a situation that has seen Nitro Software repeatedly rebuff acquisition proposals made by the private equity firm.
