Archer Capital
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
Archer sells Rebel to Super Retail Group
Archer Capital has exited Rebel Group, Australia’s largest sporting goods chain, to camping and auto parts store owner Super Retail Group for A$610 million ($630 million). The transaction is expected to close on October 31.
Partners Group in mezzanine deal with Archer Capital’s QSRH
Partners Group has provided a mezzanine loan to Australian Quick Service Restaurant Holdings (QSRH), the fast food chain that Archer Capital bought from Quadrant Private Equity for A$450 million ($474 million) in June.
Quadrant seeks partial exit from New Zealand’s Summerset
Quadrant Private Equity plans to list Summerset, New Zealand’s third-largest retirement village company, in November but is likely only to exit 30% of its 97% stake in the company following recent market volatility.
Australia portfolio companies: Debt burdens
High profile debt woes among portfolio companies in Australia has put some private equity firms on the defensive – for now
Australian private equity firms struggle to raise new funds
Australian private equity firms are struggling to raise new funds, with investors demanding lower fees and more information on portfolio companies.
Archer, Ironbridge consider iNova Pharmaceuticals sale
Archer Capital and Ironbridge are looking to sell iNova Pharmaceuticals for A$700-850 million ($714-878 million). The private equity firms have appointed Greenhill Caliburn to advise on the sale process and would like to have a deal in place by the end...
Chinese outbound M&A: Unfamiliar territory
Ever more Chinese firms are engaging in overseas M&A, with varying degrees of success. Prospective sellers must be aware of the risks as well as the opportunities
Bain buys MYOB as markets sink Sage bid
Recent turbulence in the global markets did private equity a favor last week as Bain Capital emerged as the unlikely victor in the auction for Australian accounting software firm MYOB. Bain and KKR had for several weeks been regarded as the frontrunners...
PE’s love-hate relationship with corporates
This week's AVCJ highlights three deals, all located down under, involving corporates in private equity – Bain Capital outbidding Sage for Archer and HarbourVest’s MYOB, Asahi taking over Independent liquor from Pacific Equity Partners and Unitas,...
Bain emerges as winner in MYOB auction
Bain Capital is to acquire Australian business software maker MYOB from Archer Capital and HarbourVest Partners for approximately A$1.2 billion ($1.3 billion). It outbid private equity rival KKR and UK software maker Sage, which was earlier said to be...
Sage set to acquire PE-owned MYOB
UK software maker Sage is believed to have acquired Australian accounting software company MYOB from private equity owners Archer Capital and HarbourVest Partners, beating Bain Capital and KKR, sources close to the auction tell AVCJ.
Sage joins MYOB auction
UK software maker Sage has submitted a bid to acquire Australian accounting software rival MYOB from private equity owners Archer Capital and HarbourVest Partners, joining Bain Capital and KKR in the auction, according to domestic reports.
Bain, KKR submit finalized bids for MYOB - report
Bain Capital and KKR have submitted their final bids for Australian accounting software provider MYOB, which is currently owned by Archer Capital and HarbourVest Partners. The deal could be worth more than A$1 billion ($1.05 billion), Reuters reported.
Bain, KKR to bid for PE-owned MYOB - report
Bain Capital and KKR are reportedly among the contenders to acquire Australian accounting software provider MYOB from owners Archer Capital and HarbourVest Partners. Bidding for the asset, which could reach A$1 billion ($1.03 billion), is slated to begin...
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
PEP-backed Collins Food raises $216m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, has raised A$201.8 million ($216.6 million) after pricing its IPO at the bottom of the indicative range, Reuters reported. It is still the largest domestic offering of the...
Archer’s fifth fund could reach $1.5b
Archer Capital’s much talked-of fifth fund could reach A$1.4 billion ($1.5 billion), with Future Fund expected to sign up as an investor, The Australian reported. The fundraising target was previously said to be A$ 1.2 billion ($1.27 billion).
PEP-backed Collins Foods seeks to raise $255m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, plans to raise up to A$238 million ($255 million) through an IPO. The firm will offer 81.6 million shares priced at A$2.50-2.92 apiece in what is potentially Australia’s...
Archer’s activity masks poor PE sentiment
The spate of deals done by Archer Capital in recent weeks suggests that Australia’s private equity industry is abuzz with activity.
PEP targets $263m IPO for Collins Foods
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners (PEP), is planning an IPO worth about A$250 million ($263 million). Deutsche Bank and UBS have been appointed joint lead underwriters and have already begun pre-marketing,...
PEP considers Collins Food Group IPO
Pacific Equity Partners wants to take Collins Foods Group public before the end of the year with a target enterprise value of $400 million. According to the Australian Financial Review, Deutsche Bank and UBS are close to finishing pre-marketing research...
ING fund of funds profits from Quadrant’s Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately...
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).