Australasia
Australia's Wolseley exits maintenance firm to trade buyer
Wolseley Private Equity has agreed to sell its controlling stake in Australian building maintenance equipment company Facade Access to Swedish industrial sector supplier Alimak for A$120 million ($92.1 million).
TPG-owned Inghams scales back Australia IPO
Ingham’s Enterprises, an Australian poultry producer bought by TPG Capital three years ago, has scaled back its domestic IPO to a target of A$596.4 million ($457 million).
Sovereigns and VC: An eye on the future
Australia's Future Fund appears to have overcome the philosophical and structural challenges facing face large-ticket LPs that want exposure to early-stage innovation
EQT buys Australian aerospace business
EQT Partners has agreed to pay Australian logistics conglomerate Brambles $130 million for its aviation industry services unit, Chep Aerospace Solutions.
Australia's Future Fund emphasizes VC, growth equity
Private equity – and in particular venture capital and growth equity – is “more important now than it has ever been” to Future Fund’s overall portfolio, the Australian sovereign wealth fund said in its annual report.
Ironbridge-owned Bravura files for $113m Australia IPO
Australia-based financial services administrator Bravura Solutions is looking to raise A$148 million ($113 million) through a domestic IPO – three years after its PE owner Ironbridge Capital privatized the business in a deal worth A$173 million (then...
Corporate carve-outs: Who's selling?
Certain markets in Asia represent a target-rich environment for corporate carve-outs, but private equity firms must be patient in waiting for deals to emerge
NZVIF, Enterprise Angels to invest $14m in NZ start-ups
The New Zealand Venture Investment Fund (NZVIF), a government-sponsored fund-of-funds, and domestic investor Enterprise Angels plan to commit about NZ$20 million ($14.3 million) to local start-ups over the next four years.
Deal focus: IFM swoops on Australian energy assets
With recent bids by Chinese investors for Australian power network Ausgrid blocked by regulators, IFM saw an opportunity to salvage the deal for itself
Crescent sells stake in Australia's ClearView Wealth for $111m
Crescent Capital Partners has agreed to sell a 14.9% stake in Australian financial services provider ClearView Wealth to Sony Life Insurance for approximately A$145 million ($111 million).
US-based PE firm to pay $53m for Australian bookkeeping assets
A consortium led by US private equity firm Housatonic Partners will acquire a majority stake in the Australian records management unit of New York-listed business services provider Iron Mountain for $A70 million ($53 million).
IFM, AustralianSuper secure $12.3b Ausgrid deal
An all-Australian consortium comprising IFM Investors and AustralianSuper has acquired a 50.4% interest in a 99-year lease of Ausgrid, New South Wales’ (NSW) electricity distribution network, for A$16.2 billion ($12.3 billion).
Waterman invests in New Zealand-based My Food Bag
Waterman Capital has invested in New Zealand-based food delivery platform My Food Bag (MFB).
Asia PE-backed IPOs: Fits and starts
Development has been inconsistent in Asia’s IPO markets, with frequent pacing issues and challenges unique to each region. But in the right hands, they can still be highly rewarding for PE investors
Australia-founded SafetyCulture gets $23m Series B
SafetyCulture, an Australia-founded developer of mobile software for safety inspectors, has raised A$30 million ($23 million) in Series B funding from a group of investors including Index Ventures and Blackbird Ventures.
Australia's PE-owned Byron Group enters administration
Byron Group, an Australia-based manufacturer of emergency services transport vehicles and related equipment owned by Wolseley Private Equity, has been placed into administration.
3Q analysis: Deep pockets of the state
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
TPG-owned Ingham's targets up to $843m in Australia IPO
Ingham’s Enterprises, an Australian poultry producer owned by TPG Capital, is seeking to raise up to A$1.12 billion ($843 million) through a domestic IPO.
Abacus, Gaw partner on Australia real estate fund
Hong Kong-based private equity real estate investor Gaw Capital Partners has partnered with Australia's Abacus Property Group on an Australia-focused real estate fund.
Australia's FIRB head delays Carlyle move
The chairman of Australia’s Foreign Investment Review Board (FIRB), Brian Wilson, has delayed taking up an advisory role with The Carlyle Group until his term with the regulator ends.
Chinese consortium to invest in Australia’s Buderim Group
Sino-Australian PE firm Wattle Hill RHC Funds has partnered with Chinese snack producer QiaQia Food to acquire a stake in Buderim Group, Australia’s largest ginger producer, for approximately A$26.1 million ($20 million).
Outbound M&A finance: The safer bets
China’s outbound M&A market has taken off in recent years, but many are skeptical that purchasing companies will be able to handle the financial and operational burdens they have taken on
OneVentures commits $6.1m to Australia's MCRI
Australian life sciences and technology-oriented venture capital firm OneVentures has committed A$8 million ($6.1 million) to Melbourne-based Murdoch Childrens Research Institute (MCRI).
Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.