Australasia
KKR reduces offer for Australia's MYOB
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).
Strattam buys majority stake in Australian software specialist
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.
AVCJ Awards 2018: Firm of the Year - Mid Cap: Quadrant Private Equity
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
AVCJ Awards 2018: Responsible Investment: Manuka Health
The transformation of Manuka Health from loosely run family affair into professional segment leader helped organize a cottage industry into big business
PEP-backed Intellihub acquires New Zealand smart meter 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)....
Australia's Advent promotes Rob Hooke to partner
Australian lower middle market private equity firm Advent Partners has promoted Rob Hooke to partner.
Infrastructure Capital raises $109m for Australia renewables fund
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).
2018 in review: Volatility vortex
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
NZ Super appoints Stephen Gilmore as CIO
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's Trade Me agrees to Apax acquisition
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 ($1.89 billion) one week after receiving a similar proposal from Hellman & Friedman.
Q&A: Bain Capital's Jonathan Lavine
Asia’s private credit markets are underdeveloped given the size of the regional economy. Jonathan Lavine, co-managing partner of Bain Capital and CIO of Bain Capital Credit, assesses the growth potential
Deal focus: Deputy punches the new timeclock
Employment management services company Deputy has raised what is said to be Australia’s largest ever Series B round as investors look to bring new technologies into long-outdated business processes
Australia's PEP hits $433m first close on secure assets fund
Pacific Equity Partners (PEP) has reached a first close of A$600 million ($433 million) on its secure assets fund, which invests in companies in Australia and New Zealand that generate annuity income but also offer opportunities for traditional private...
Hellman & Friedman makes $1.8b bid for NZ online marketplace
Hellman & Friedman has submitted a bid to acquire 100% of New Zealand-listed online auction and e-commerce company Trade Me for NZ$2.6 billion ($1.8 billion).
Singtel Innov8 leads $16m round for Australia's Data Republic
Singtel Innov8, the venture arm of Singapore telecom giant SingTel, has led a A$22 million ($16.2 million) Series B round for Australian cybersecurity technology company Data Republic.
Australia's Future Fund loses private equity team - update
Three of the four most senior members of the private equity team at Australia’s Future Fund – including PE head Steve Byrom – have departed to set up their own consulting firm that will advise global institutional investors looking to build exposure to...
Australia's Mercury closes Fund III at $439m hard cap
Australian mid-market private equity firm Mercury Capital has closed its third fund at the hard cap of A$600 million ($439 million).
Square Peg joins $81m Series B for Australia's Deputy
Australia’s Square Peg Capital has joined an $81 million Series B funding round for domestic workforce management software provider Deputy.
Crescent agrees $112m carve-out of Australia's Viridian Glass
Crescent Capital Partners has agreed to acquire Viridian Glass, a maker of float glass based in Australia and New Zealand, from building products manufacturer CSR for A$155 million ($112 million).
GIC establishes $1.4b logistics JV with Australia's Dexus
Singapore’s GIC Private has formed a joint venture with Australian real estate investment trust (REIT) Dexus to invest A$2 billion ($1.4 billion) in logistics properties in Australia.
Square Peg leads $18m round for Australian lender
Australian online mortgage marketplace Athena Home Loans has raised a A$25 million ($18 million) Series B round led by existing backer Square Peg Capital, with participation by new investors Hostplus and Airtree Ventures.
Deal focus: Investors bring new lift to Rocket Lab
Rocket Lab's latest funding round is aimed at helping the New Zealand-founded company grow into new markets and target new business opportunities
Blackbird joins $7m round for New Zealand's Sunfed
Blackbird Ventures has joined a NZ$10 million ($7 million) funding round for Sunfed Meats, a New Zealand-based company that specializes in meat-like vegetarian foodstuffs.
Blackstone agrees $792m sale of Australia chemicals business
The Blackstone Group has agreed to sell Ixom, a chemicals business it carved out from Australia’s Orica three years ago, to Keppel Infrastructure Trust (KIT) for approximately A$1.1 billion ($792 million).