Australasia
Australian cancer drug developer raises $10m Series B round
Australian biopharmaceutical start-up EnGeneIC has received $10 million in a Series B round of funding led by Boston-based healthcare specialist GRT Capital Partners.
CVC returns $2b to investors from Asia deals in 2014
CVC Capital Partners returned $2 billion to investors from Asia-based investments in 2014 after completing three full or partial exits – which contributed $1 billion of the proceeds – in December.
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
NZ Super, Infratil agree buy RetireAustralia for $521m
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
PEP exits Australian cinema chain Hoyts to Chinese buyer
Pacific Equity Partners (PEP) has exited Australian cinema operator Hoyts Group to an investment vehicle set up by Xishuang Sun, chairman of Chinese property developer Dalian Yifang.
PE investors sell Pacnet to Australia's Telstra for $697m
Clearwater Capital Partners, Spinnaker Capital Group and Ashmore Investment Management have agreed to exit undersea cable provider Pacnet to Australia’s Telstra Corp. for approximately $697 million, including $400 million in debt.
Apollo agrees partnership with Australia's Leighton Holdings
Apollo Global Management has agreed to buy half of Leighton Holdings’ maintenance services business, generating cash proceeds of around A$700 million ($573 million) for the Australian construction company.
L Capital-owned Jones the Grocer enters administration in Australia
The Australian operation of Jones the Grocer, a gourmet food retailer majority-owned by L Capital Asia, has gone into administration but is expected to stay open while undergoing a restructuring.
NAB sells additional $1.9b in UK property loans to Cerberus
National Australia Bank (NAB) is selling another GBP1.2 billion ($1.9 billion) parcel of distressed UK real estate loans to New York private equity firm Cerberus Capital Management.
Australia's Bradken opens books to PE suitors
Australian mining industry supplier Bradken has agreed to open its books to Pacific Equity Partners (PEP) and Bain Capital following the private equity firms’ offer to buy the company.
AVCJ Awards: Fundraising of the Year - Mid Cap: Quadrant Private Equity
Quadrant Private Equity raised its seventh fund in record time, resisting pressure from LPs to enlarge the corpus. The Australian GP remains resolutely middle market
KKR backs desert-farming solution
Tough climatic challenges are in store for South Australia, already the nation's driest state. Agriculture, which is worth more than $5 billion each year to the state, will increasingly be affected by rising temperatures and reduced rainfall.
VC-backed LanzaTech raises $60m from NZ Super
The New Zealand Superannuation Fund has provided $60 million growth capital for low-carbon fuels producer LanzaTech.
Australia's Crescent Capital closes Fund V at $565m
Crescent Capital Partners has reached a final close on its fifth Australia and New Zealand-focused fund at the hard cap of A$675 million ($565 million) after only 10 weeks in the market.
Quadrant-backed Estia drops on Australia trading debut
Estia Health, an Australian aged care provider backed by Quadrant Private Equity, saw its stock open at a 13% discount to the IPO price on the first day of trading in Sydney.
PEP, Bain offer $731m for Australia's Bradken
Pacific Equity Partners (PEP) and Bain Capital have made an offer for mining industry supplier Bradken that values the Australia-listed company at approximately A$872 million ($731 million).
KKR backs Australian agribusiness specialist
KKR has committed at least $100 million to Sundrop Farms Holdings, an Australian agribusiness company that has developed technology for growing crops in arid climates.
L Capital buys Australian swimwear brand Seafolly
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, has acquired a controlling stake in Australian swimwear brand Seafolly.
CHAMP PE-owned oOh! Media targets $141m Australia IPO
Australian outdoor advertising company oOh! Media, which is owned by CHAMP Private Equity, plans to raise A$166 million ($141 million) through an IPO.
Revived vacuum retailer Godfreys set for Australia IPO
Australian vacuum and cleaning products retailer Godfreys Group, which was acquired by Unitas Capital and Pacific Equity Partners (PEP) and then taken over by creditors after running into trouble, is preparing to go public following a turnaround.
Blackstone invests $150m in Australia retirement village developer
The Blackstone Group has invested $150 million in Australian retirement village developer National Lifestyle Villages (NLV).
Fosun, Nanjing Sinolife to acquire New Zealand nutrients maker
Fosun Capital and Nanjing Sinolife United have formed a joint venture to acquire Good Health Products, a New Zealand-based nutritional supplements maker and distributor, for NZ$23.37 million ($18 million).
Australia's Archer Capital cuts size of fund
Australian GP Archer Capital has cut the size of its fifth fund – which reached a final close of A$1.5 billion ($1.2 billion) in late 2011 – by returning A$300 million in commitments to LPs.
Hopu to buy 15% stake in Australia's Paladin Energy
Hopu Investments has agreed to acquire up to 15% of Paladin Energy as part of a A$205 million ($178 million) capital raising effort by the Australian uranium miner.