Australasia
Blackstone names Carnegie Australia PE head
The Blackstone Group has appointed James Carnegie as a senior managing director in its Sydney office from where he is expected to lead private equity activities in Australia.
Australia's Anacacia backs Yumi's Quality Foods
Anacacia Capital has invested an undisclosed amount in Australian snacks company Yumi's Quality Foods.
Crescent-owned insurer shares down 12.5% after Australian IPO
Shares in Crescent Capital Partners-owned Cover-More Group opened down 12.5% today following the travel insurer's A$521 million ($460 million) IPO on Australian Securities Exchange (ASX).
Anacacia completes two deals in health and education
Australian private equity firm Anacacia Capital has completed two new acquisitions in the health and education sectors: healthcare equipment manufacturer Oxford Group and Careers Training Group - formed as a merger between vocational training firms Selmar...
Australia's first equity crowd funding platform set for launch
Early-stage venture capital firm Artesian is aiming to launch Australia's first equity crowdfunding platform in February.
Blackstone Australia chairman Paul Costello quits
Paul Costello, the non-executive Chairman for Australia and New Zealand at The Blackstone Group, has resigned after two years with the firm.
Quadrant acquires Australian water dispensing business
Quadrant Private Equity has acquired a majority stake in Zip Industries, an Australian developer of small-scale hot water systems capable of delivering boiling water instantly. Its signature product the Zip HydroTap is popular domestically and exported...
L Capital sees 2XU as a good fit
A recognized investor in fine foods, jewelry and ladies fashion, L Capital’s decision to back 2XU – an Australian manufacturer of compression sportswear – may seem a slight departure. In fact it could not have been a more perfect fit.
Crystal ball: Predictions for 2014
From fundraising and secondaries to deal flow and exit strategies, private equity professionals from across the region give their perspective on the year to come
2013 in review: Mixed fortunes
Bifurcation in the fundraising market as LPs play it safe with managers they know; South Korea and India emerge as buyout bright spots; positive signs for IPOs after a difficult 12 months
Australian taxi app Ingogo gets new funding, eyes listing
Ingogo, the Australian start-up behind the mobile taxi-booking app of the same name, has raised a A$3.4 million ($3.1 million) from a group of PE investors ahead of a listing on the Australian Securities Exchange (ASX) next year.
APN agrees to exit advertising JV to Quadrant
APN News & Media has agreed to exit its interest in advertising business APN Outdoor to joint venture partner Quadrant Private Equity for A$69 million ($66.5 million).
PE-backed Nine raises $577m in Australia IPO
Australia's Nine Entertainment - which was saved from receivership by US hedge fund backers Oaktree Capital Group and Apollo Global Management - has raised A$631 million ($576.45 million) after pricing its IPO at the bottom end of the indicative range....
Anchorage-backed Dick Smith closes flat after $311m IPO
Shares in Australian electronics retailer Dick Smith Holdings, which is backed by Anchorage Capital Partners, gained 3.6% on their trading debut on Wednesday before settling back to A$2.20, the same as the IPO price. The offering earlier raised A$344.5...
Online fashion retailers Zalora, The Iconic raise $112m
Rocket Internet’s Zalora Group has raised $112 million in funding from US-based Access Industries, Scopia Capital Management and other unnamed institutional investors. Southeast Asia-focused Zalora.com and Australia’s The Iconic are part of Zalora...
Crescent-owned travel insurer to raise $475m in Australia IPO
Crescent Capital Partners-owned travel insurer Cover-More Group is targeting a A$521.2 million ($475 million) IPO on the Australian Securities Exchange.
L Capital acquire 40% of 2XU, Lazard sees 2x multiple
L Capital, the private equity firm backed by luxury goods conglomerate LVMH, has acquired a 40% stake of 2XU, an Australian sports apparel brand, for a reported A$75 million ($68.3 million). The transaction represents a partial exit for previous backers...
Blackbird leads round for Australian bitcoin start-up
Blackbird Ventures has invested A$250,000 ($227,645) to lead a A$500,000 round of funding for Melbourne-based CoinJar, a bitcoin wallet and exchange provider. Angel investors in the round include RetailMeNot founders Guy King and Bevan Clark and game...
Archer consortium scraps bid for NZ's Abano Healthcare
A consortium of investors including Archer Capital has scrapped its bid for New Zealand's Abano Healthcare Group. The group, which also featured Healthcare Industry Limited (HIL) and Steamboat Capital, cited a downgrade in the company's forecast profit...
AMP buys Australia schools project from RBS
AMP Capital will acquire a 100% interest in a portfolio of school buildings in Melbourne from Royal Bank of Scotland (RBS). The purchase is being made via the AMP Capital Community Infrastructure Fund, which invests in public-private partnership-style...
Blackstone, Carlyle to bid for Transpacific waste unit - report
The Blackstone Group and The Carlyle Group are said to be among suitors for Transpacific Industries Group's New Zealand waste management unit, with first round bids expected by December 6. Japan's Orix Corp. and New Zealand infrastructure investor Infratil...
Australia’s Ansell buys PE-backed glove maker for $615m
US-based Odyssey Investment Partners has agreed to sell BarrierSafe Solutions International, a provider of disposable gloves, to Ansell for approximately $615 million.
KKR-owned Bis Industries acquires Powertrans for $27m
KKR-held Australian mining logistics company Bis Industries is to acquire mining haulage systems operator Powertrans for A$30 million ($27.46 million).
Providence-owned Study Group buys Australian college
Study Group, an education services provider owned by Providence Equity Partners, has acquired ANU College from Australian National University. Financial details were not disclosed.