Australasia
Australia's Future Fund leads $140m round for Rocket Lab
Australia’s Future Fund has led a $140 million Series E round for Rocket Lab, a US-based space technology company that operates primarily in New Zealand.
Mixed impact on exits as early-stage VC heats up – AVCJ Forum
VCs face new challenges and opportunities in exit markets across Asia as later-stage investors and strategic players participate more deeply in early-stage ecosystems.
Australasia PE outlook: Return of the take-private
Large-cap GPs are setting their sights on listed companies, with healthcare, education and technology top of the list
Quadrant-backed APM acquires UK-based WD Services
Advanced Personnel Management (APM), an Australian disability services provider purchased by Quadrant Private Equity last year, has acquired UK-based employment program operator WD Services.
Colinton, AustralianSuper, Myer buy stake in AMA
Colinton Capital, a middle market private equity firm established by Simon Moore, formerly Australia head at The Carlyle Group, has participated in a A$68.6 million ($49.7 million) investment in automobile aftercare services provider AMA Group.
TPG agrees $698m buyout of Australia's Greencross
Australian pet care company Greencross has agreed to be taken-private by TPG Capital at an enterprise valuation of A$970 million ($698 million) and an equity valuation of A$675 million. The deal comes nearly three years after a A$720 million bid from...
Australia take-privates: Super show
AustralianSuper is supporting BGH Capital - a portfolio GP - on privatization bids for two companies in which the superannuation fund is an investor. Is this a new model for GP-LP partnerships in Australia?
PE investors sweeten offer for Australia's Capilano Honey
Wattle Hill RHC and ROC Partners have submitted an improved offer for Australia-listed Capilano Honey that values the business at A$198.6 million ($143 million).
Australia's Pemba to exit Heavy Maintenance Group
Pemba Capital Partners – an Australian middle-market GP formerly known as RMB Capital Partners – has agreed to sell heavy equipment specialist Heavy Maintenance Group (HMG) to Malaysia’s Sime Darby for A$58 million ($41 million).
Deal focus: Quintet pumps Talent's recruitment muscle
Australian middle-market GP Quintet Partners has targeted IT contract recruitment for its second investment, leveraging a global trend towards taking on staff as and when needed
Keppel named preferred bidder for Blackstone-owned Ixom
Keppel Infrastructure Trust (KIT) has been named the preferred bidder for Ixom, a chemicals business that The Blackstone Group carved out of Australia’s Orica three years ago.
Australia's Acorn raises $39m VC fund
Australia-listed Acorn Capital has raised A$55 million ($39 million) for its first venture capital fund that will make Series B and expansion-stage investments.
KKR returns for a second helping of Australia's GenesisCare
KKR will take a minority stake in Australian cancer and cardiac services provider GenesisCare – just over two years since exiting the business to a consortium led by China Resources Group.
BGH resumes its pursuit of Australia's Healthscope
A group of private equity investors led by BGH Capital has renewed its approximately $4.1 billion ($2.9 billion) bid for Australia-listed hospital operator Healthscope. A similar offer was rejected earlier this year.
Australia's Quintet invests in local recruitment business
Quintet Partners, an Australian investment firm established by a former Citigroup banker, has acquired a significant stake in Talent, a locally based staffing and recruiting company focused on the IT sector.
BGH consortium bids $1.4b for Australia's Navitas
BGH Capital has made a A$1.97 ($1.4 billion) bid for Australian education services provider Navitas in conjunction with AustralianSuper and Rod Jones, the company’s co-founder and CEO.
KKR makes $1.5b bid for Australia's MYOB
KKR is looking to privatize Australian accounting software company MYOB, having acquired a substantial stake in the business from Bain Capital and made an unsolicited offer for all the remaining shares at a valuation of A$2.19 billion ($1.54 billion)....
Riverside exits Australian orthopedics player
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.
PEP sells New Zealand's Manuka Health
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.
Direct Capital exits New Zealand's Cavalier Wool
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.
Australia's Blue Sky agrees $36m debt deal with Oaktree
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.
Blackbird joins $14m round for Australia space player
Australia’s Blackbird Ventures has joined a A$19 million ($13.7 million) Series B round for local rocket developer Gilmour Space Technologies.
PE consortium acquires Australia's Universal Store
Australian fashion retailer Universal Store has been acquired by venture capital firms BB Retail Capital, Catalyst Direct Capital Management, and Five V Capital.
Asia leveraged finance: Institutional aspirations
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