Australasia
Ex-CHAMP Ventures, Quadrant executives raise $211m fund
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.
IAG launches fintech incubator in Singapore
Insurance Australia Group (IAG) has agreed to establish a financial technology incubator in Singapore to focus on promoting start-ups targeting innovation in the insurance industry.
Bain credit unit buys Australia aged care business
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
Private debt player Pricoa establishes a presence in Australia
Pricoa Capital Group, a private debt investment group under PGIM, Prudential Financial’s global asset management business, has established a team in Sydney to target middle market opportunities in Australia and New Zealand.
Moelis leads Series B for Australia's Rokt
Rokt, an Australia-based start-up that provides digital marketing services to e-commerce companies, has received a $15 million Series B round of funding led by Moelis Australia Asset Management.
Asia value creation: Internal repairs
Private equity investors in Asia are responding to an increasingly competitive deal-sourcing environment with a stronger focus on value-add, but successful implementation will require a cultural commitment
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
NZ hologram tech player receives $27m Series B round
Time Warner Investments has led a group of investors, including China’s Baidu Ventures, in a $27 million Series B funding round for New Zealand-based holographic technology company 8i.
New Zealand's Direct Capital closes Fund V at $270m
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
Bain targets $750m for Asia special situations fund
Bain Capital Credit is targeting $750 million for an Asia-focused special situations fund to pursue direct lending, mezzanine debt and distressed asset opportunities across the region.
PAG buys Australian cake retailer The Cheesecake Shop
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
Deal focus: Equis cracks Australian solar market
Finding a reliable local counterparty for a power purchasing agreement gave Equis the confidence to commit $302 million to solar projects in Australia
German strategic buys majority stake in ICG-backed Cura Group
German healthcare services and equipment provider Fresenius Medical Care has agreed to take control of Australia’s Cura Group, a hospital operator backed by Intermediate Capital Group (ICG).
South African GP acquires Australia's Decor
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
EIG supports Australia’s Senex
EIG Global Energy Partners has invested in Senex Energy and will partner with the Australian oil and gas producer on several of its projects.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
PEP buys Australia's Allied Mills
Pacific Equity Partners (PEP) has agreed to buy Australian flour producer Allied Mills in a deal that values the company at A$455 million ($344 million).
Equis to invest $302m in Australia solar projects
Equis Energy has agreed to invest A$400 million ($302 million) in two solar energy projects in South Australia and Queensland, marking the Singapore-based renewable energy-focused GP’s first investment in Australia.
New Zealand's VC-backed Phitek Systems sold to US tech player
New Zealand-based audio equipment and technology developer Phitek Systems has been sold to a US strategic buyer, providing an exit for a number of domestic VC investors.
Secondary volumes decline in 2016 – survey
Global secondary market volume reached $42.15 billion last year, failing to eclipse the consecutive record annual totals of $49.3 billion and $49.6 billion in 2014 and 2015, according to Setter Capital.
Deal focus: Pencarrow profits from grocery wars
Having bought BrewGroup by taking advantage of competitive deadlock in New Zealand's supermarket space, Pencarrow Private Equity grew the business in Australia and has now sold it to Jacobs Douwe Egberts
Australia's CEFC, Southern Cross Venture back GreenSync
GreenSync, an Australian company that has developed smart software for use in electricity grids, has raised A$11.5 million ($8.7 million) in Series B funding from Clean Energy Finance Corporation (CEFC) and Southern Cross Venture Partners.
Australian analytics start-up Local Measure raises $3.4m
Local Measure, an Australian analytics technology provider servicing the tourism industry, has raised $3.4 million for an expansion effort that will include opening new offices in Los Angeles and Dubai.
Pencarrow sells NZ beverage company to Dutch trade buyer
New Zealand’s Pencarrow Private Equity has sold 100% of domestic tea and coffee company BrewGroup to Jacobs Douwe Egberts (JDE), a Netherlands-based beverages group active in more than 100 countries.