Australasia
PE roll-ups: Consolidation game
Quadrant Private Equity's foray into the fitness club space represents the latest in a string of roll-up investments pursued by middle market Australian GPs. This strategy is a proven winner but execution risk should not be underestimated
Deal focus: Taking truckers to the cloud
CHAMP Private Equity is supporting the development of Containerchain's software-as-a-service proposition as a means of improving supply chain communications between truckers, depots and warehouses
Wingate, Sandbar acquire Australia's Medical Channel
Wingate Private Equity and Sandbar Investments have acquired Australian digital media provider Medical Channel.
Baring Asia agrees to buy Australia's SAI Global for $940m
Baring Private Equity Asia has agreed to buy Australia-listed risk management and standards compliance business SAI Global for an enterprise valuation of A$1.24 billion ($940 million).
Direct Capital to exit New Zealand King Salmon
Direct Capital will exit the bulk of its holding in New Zealand King Salmon as the seafood company seeks to raise up to NZ$77.5 million ($56.4 million) through a domestic and Australian IPO.
Fund focus: AirTree rides innovation wave
Australian GP AirTree Ventures raises its latest fund to invest in tech start-ups across growth ranges
Australia's CHAMP PE backs SaaS logistics provider
CHAMP Private Equity has acquired a 50% stake in Containerchain, a software-as-a-service (SaaS) provider to the container logistics industry that is headquartered in Australia but also has a sizeable presence in Southeast Asia.
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
PE-led consortium pays $7.3b for Port of Melbourne lease
A consortium including QIC, Future Fund and Global Infrastructure Partners (GIP) has paid A$9.7 billion ($7.3 billion) for a 50-year lease at the Port of Melbourne, Australia’s largest container and cargo facility.
Portfolio: L Capital Asia and Seafolly
Beachwear maker Seafolly was already a leader in Australia when L Capital Asia acquired it in 2014. Now the founding family and the GP plan to build it into a global lifestyle brand
Quadrant buys Australia-based Jetts Fitness
Australia’s Quadrant Private Equity has made its fifth new investment within four weeks – and its second in the fitness club space – with the purchase of gym operator Jetts Fitness.
TA backs MBO of Goldman's Australia equities, fixed income unit
Mid-market private equity firm TA Associates is supporting a management buyout of Goldman Sachs Asset Management’s (GSAM) Australian equities and fixed income business.
Quadrant buys Australia's Great Southern Rail from Allegro
Australia’s Allegro Funds is set for a first exit from its second fund – which closed at A$180 million ($139 million) in June of last year – having agreed to sell a majority stake in Great Southern Rail (GSR) to Quadrant Private Equity.
VC value-add: Operational gambit
As competition for VC deals intensifies in Asia and capital becomes commoditized, GPs are stressing their value-add credentials. Should we believe the hype?
Australia VC: Interesting times
AirTree Ventures' successful fundraise underlines the growth interest in Australian venture capital, but the superannuation funds have yet to prove themselves to be a consistent source of capital
Australia’s AirTree raises $188m VC fund
AirTree Ventures claims to have raised Australia's largest-ever venture capital fund, having closed its latest vehicle at A$250 million ($188 million)
Australian marketing platform raises $7.5m for US expansion
Simple, an online marketing platform based in Australia, has raised A$10 million ($7.5 million) to support its expansion in the US.
Deal focus: Allegro to revamp Pizza Hut’s recipe
Allegro Funds plans new store expansion for Pizza Hut Australia, but first the GP and its management team partners will make operational improvements to the existing business
Australia's H2 Ventures taps public markets for fintech vehicle
Australia's H2 Ventures plans to raise up to A$55 million ($42 million) through an IPO for a dedicated unit that will make early and growth-stage investments in global financial technology start-ups.
Riverside adds partner in Australia
The Riverside Company has promoted Nicholas Speer, a principal in its Melbourne office, to partner.
PEP fully exits Australia-listed Link Group
Pacific Equity Partners (PEP) has completed its exit from Link Group, selling its stake in the Australian financial data and fund administration services provider alongside several other shareholders in a deal said to be worth A$872.3 million ($670 million).
Allegro acquires Pizza Hut Australia
Allegro Funds has acquired Pizza Hut Australia from US owner Yum Brands alongside a local management team comprising former McDonald’s executives.
Australian government launches $15m cleantech fund
The renewable energy division of Australia’s Department of Industry, Innovation & Science has launched a A$20 million ($15.3 million) seed fund that will focus on domestic clean energy start-ups.
Summit PE joins $50m round for Australia's Elemental Minerals
Summit Private Equity has contributed to a $50 million investment in Australia-listed potash project developer Elemental Minerals.