Australasia
Australia infrastructure: Size matters
Infrastructure privatizations in Australia are commanding ever higher price tags by virtue of their perceived quality and relative rarity. It is increasingly difficult for smaller investors to compete
Australian government unveils incentives for start-ups
The Australian government has introduced a range of measures to boost local innovation and entrepreneurship.
Australia's Atlassian upsizes US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has increased the size of its NASDAQ IPO to as much as $440 million.
Australia's Archer agrees Healthe Care sale to China-based Luye
Archer Capital has agreed to sell Healthe Care, Australia’s third-largest private hospital group, to China-based Luye Medical Group, for $688 million. CITIC Private Equity is a shareholder in the company’s Hong Kong-listed affiliate, Luye Pharma.
Australia's Tyro Payments receives $72m in funding
Tiger Global Management, TDM Asset Management and Mike Cannon-Brookes, co-founder of Atlassian, have provided A$100 million ($72 million) in funding for Tyro Payments, an Australian financial technology company with aspirations of becoming a bank.
Australia's Atlassian to raise up to $425.5m in US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has set terms to raise up to $425.5 million through its NASDAQ IPO.
Australia-based Simon Moore to leave Carlyle - report
Simon Moore, a managing director with The Carlyle Group’s Asia buyout team in Sydney, will reportedly not stay with the firm beyond the life of the current fund.
Hastings consortium wins $7.5b Australia electricity grid lease
A consortium featuring Hastings Fund Management, Caisse de dépôt et placement du Québec (CDPQ) and the Abu Dhabi Investment Authority (ADIA) will pay A$10.26 billion ($7.5 billion) for the New South Wales government electricity transmission network.
EMR consortium to buy Indonesia gold mine for $775m
Australian resources-focused investor EMR Capital is leading a consortium that has agreed to buy an Indonesia-based gold mine from Hong Kong-listed G-Resources for $775 million, including debt.
TPG, Carlyle complete exit from Australia's Healthscope
TPG Capital and The Carlyle Group have completed their exit from Australian hospital operator Healthscope, having privatized the company in 2010 and re-listed it last year.
CHAMP's Ferris to lead Innovation Australia
Bill Ferris, co-chairman and co-founding partner of CHAMP Private Equity, has been appointed chairman of Innovation Australia, an independent, government-established body with a mandate that includes supporting start-ups and venture capital.
KKR backs Australia ultrasound start-up
KKR has committed $35 million to Signostics, an Australian medical technology company that produces hand-held devices used to conduct ultrasound tests and bladder scans.
Australia's Atlassian files for US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has filed for a NASDAQ IPO. Accel Partners is the most significant venture capital investor in the business with a 12.5% stake.
Sankaty to buy GE's Australia, NZ commercial lending portfolio
Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy GE Capital’s commercial lending and leasing portfolios in Australia and New Zealand.
Hony commits $381m to Australia-listed oil player Santos
China's Hony Capital will buy A$500 million ($381 million) worth of shares in Australia-based oil and gas supplier Santos, as part of the company's bid to cut debt by raising A$3.5 billion.
Archer Capital backs New Zealand education business
Archer Capital has created an education business in New Zealand following the acquisition of five privately-owned vocational education and training institutions.
Ability to change management key to value creation - AVCJ Forum
Having the ability to change the management team in a portfolio company remains a critical factor for private equity investors as they place greater emphasis on the value-add process.
First Reserve-backed Australian miner to go private
Australian engineering firm Calibre, which is backed by US-based First Reserve, plans to delist from the Australian Securities Exchange and buy back the stakes of minority shareholders.
PEP-backed Link gains on Australia debut
Link Group, the Australian financial data and fund administration services provider backed by Pacific Equity Partners (PEP), is trading above its IPO price following the company's A$946.3 million ($674 million) offering.
Australia oil and gas player Santos rejects PE takeover bid
Australia-based oil and gas supplier Santos has rejected a takeover bid from Scepter Partners, a private equity firm backed by sovereign wealth funds and high net worth individuals in Asia and the Middle East.
Apollo agrees partial exit from Australia's Nine
Apollo Global Management has agreed to sell a 13% stake in Australia’s Nine Entertainment to regional broadcaster WIN Corp.
Bridgeport Capital acquires Australia’s Underground Cable System
Bridgeport Capital, the direct investment arm of Hawkesbridge Capital, has acquired Australia’s Underground Cable Systems (UCS) in a deal worth approximately A$100 million ($73 million) alongside company management.
Australia's Cardno backs improved buyout offer from Crescent
Crescent Capital Partners has moved closer to a buyout of Australian engineering company Cardno by winning board support for the deal with an improved offer.
Providence makes buyout offer for Australia's iSelect
Providence Equity Partners has submitted a buyout offer for iSelect, an Australian Securities Exchange-listed product comparison site specializing in insurance, household utilities and personal finance.