Affinity Equity Partners
Affinity exits Australia healthcare software business
Affinity Equity Partners has agreed to sell MedicalDirector, an Australia-based clinic management software developer, to Telstra Health for an enterprise valuation of A$350 million ($257 million).
Deal focus: Affinity to close JobKorea’s technology gap
When Affinity Equity Partners was drawing up plans for JobKorea, it found Seek’s product innovations in Australia a useful reference point. This gave context to a $795 million acquisition
Affinity adds to China team
Affinity Equity Partners has recruited Sam Sun, previously a partner at Sequoia Capital, as a managing director based in Beijing.
AVCJ Awards 2020: Exit of the Year - Large Cap: Velocity Frequent Flyer
Building a core competence in data analytics and a broader array of loyalty options underpinned Affinity Equity Partners’ 3.6x return on Velocity Frequent Flyer
AVCJ Awards 2020: Operational Value Add: TEG
Affinity Equity Partners turned TEG from a ticketing business into a broad-based live events promoter, while simultaneously taking it from Australia-centric to global
Asia buyout managers see no shift in return targets - AVCJ Forum
Asia-focused buyout managers do not expect an economic downturn to impact the returns underwritten into investments at the portfolio level as long as leveraged financing remains competitively priced and new paths to liquidity continue to emerge.
Deal focus: Affinity, Baring leverage market dislocation
Seeing Korean banks trading at discounted valuations and believing in the long-term health of the industry, some private equity investors have taken the opportunity to buy in the public markets
Affinity loses Australia head
Brett Sutton, who leads Affinity Equity Partners’ operations in Australia, has resigned from the firm after more than 15 years of service.
LPs going direct 'not a front of mind issue' in Asia - AVCJ Forum
Large institutional investors pursuing direct deals on a solo basis represents a logical evolution of the private equity industry and shouldn’t necessarily be regarded as a threat, Asia-focused buyout managers told the AVCJ Forum.
Deal focus: Events focus delivers Affinity 2.6x return on TEG
Building a meaningful events promotion business was an early priority for Affinity Equity during its ownership of Australian ticketing player TEG. This transformation paved the way to a lucrative exit
Affinity sells Australia ticketing business to Silver Lake
Affinity Equity Partners has agreed its second Australia exit in three weeks, with Silver Lake set to assume control of ticketing business TEG. It follows a deal to sell a 35% stake in Virgin Australia’s frequent flyer business back to the parent company.
Affinity sells frequent flier stake back to Virgin Australia
Affinity Equity Partners has more than doubled its money on Virgin Australia’s frequent flyer business, having agreed to sell back a 35% stake to the parent company for A$700 million ($480 million).
Affinity seeks exit from Virgin Australia frequent flyer business
Affinity Equity Partners has begun a process to exit its 35% interest in the frequent flyer business of Virgin Australia.
Kyobo Life: The mother of all puts
Put options amount to threats seldom acted upon. By demanding that the chairman of Korea’s third-largest life insurer buy back their shares, a group of investors has taken Asian PE into uncharted territory
Affinity-backed Leong Hup seeks up to $288m in Malaysia IPO
Affinity Equity Partners is set to make a partial exit from Leong Hup International as the Malaysian poultry producer looks to raise up to MYR1.19 billion ($288 million) in a domestic IPO.
Affinity secures third Korea deal in three months
Affinity Equity Partners has announced its third Korea deal in as many months with an agreement to acquire a majority stake in ServeOne, LG Group’s maintenance, repair and operation (MRO) unit, for KRW602 billion ($535 million).
AVCJ Awards 2018: Fundraising of the Year - Large Cap: Affinity Equity Partners
Communication and discipline helped Affinity Equity Partners complete a first and final close of $6 billion on its latest pan-Asian fund within four months
Deal sourcing: Priority access
While proprietary deals are not always possible in Asian private equity, there are many ways for GPs to gain an edge even when competing with multiple bidders for the same asset
Talent acquisition the biggest challenge for Asia PE – AVCJ Forum
Finding talented personnel to source and execute investments remains the biggest challenge facing Asia’s private equity industry, GPs told the AVCJ Forum.
Affinity, BRV seal Shinsegae e-commerce deal
Affinity Equity Partners and BRV Capital Management have finalized an agreement with Shinsegae that will see them invest a combined KRW1 trillion ($878 million) in the South Korean retail group’s e-commerce business.
Affinity to acquire Australia's Scottish Pacific for $446m
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
Korea buyouts: Local edge
Private equity firms must double down on local networking, due diligence, and value-add capacity as competition for deals intensifies in the Korean buyout market
Affinity-backed Tegel gets $310m buyout offer
Tegel Group, a poultry producer in which Affinity Equity Partners is the largest shareholder, has received a privatization offer from Philippines-based Bounty Fresh Foods that values the business at approximately NZ$438 million ($310 million).