Australia
Ex-Quadrant executive launches consumer-tech PE firm
Justin Ryan, who previously led Quadrant Private Equity’s growth capital strategy, has established a private equity firm that will back e-commerce platforms and consumer brands in Australia and New Zealand.
TPG, Potentia pursue Australia's Smartgroup
TPG Capital and Potentia Capital have submitted a buyout offer for employee management services provider Smartgroup that values the Australia-listed business at a market capitalization of A$1.38 billon ($993 million).
Australia insurtech provider Cover Genius secures $72m Series C
Japanese insurance giant Sompo Holdings has led a A$100 million ($72 million) Series C round for Australian insurance technology provider Cover Genius.
Australia PE: Brave new world
As Australia contemplates opening its tightly controlled borders and finding a way to live with COVID-19, private equity probes an opportunity set in transition yet surprisingly stable
GP profile: Advent Partners
Having spent the first half of the last decade undergoing a renewal in terms of leadership and strategy, Australia’s Advent Partners believes it has emerged stronger, smarter, and more focused on the future
Australia's Liverpool Partners acquires coffee brand
Australian private equity firm Liverpool Partners has acquired a majority stake in Seven Miles Coffee Roasters, a branded coffee supplier to the local cafe segment.
Australia's Canva raises $200m at $40b valuation
Australian design and workplace collaboration platform Canva has raised $200 million at a valuation of $40 billion - up from $15 billion five months ago and $3.2 billion in 2019.
Australia's SiteMinder secures $73m pre-IPO round
Australia-based hotel booking platform SiteMinder has raised a A$100 million ($73 million) pre-IPO round led by BlackRock and AustralianSuper.
EQT extends Australia IT rollup play
EQT-owned Nexon Asia Pacific, an Australia-based IT services provider, has acquired local counterpart Veridian Solutions for an undisclosed sum. This is its third bolt-on in as many months.
Australia private wealth: Choosing channels
The swelling bank balances of Australia’s high net worth individuals and family offices are an attractive target for private equity. Access is becoming increasingly formalized across the spectrum
CVC hires Affinity's ex-Australia head
CVC Capital Partners is returning to the Australia market with the recruitment of Brett Sutton, formerly of Affinity Equity Partners, as country chair.
Australia insurance start-up raises $31m Series B
New Zealand venture capital firm Movac has led a $31 million Series B round for Australian insurance technology provider Open.
Australia's Quadrant raises $390m for second growth fund
Quadrant Private Equity has closed its second Australia and New Zealand-focused growth capital fund with A$530 million ($390 million) in commitments.
BGH-owned Abano to buy Australia dentistry business
Abano Healthcare, a New Zealand dentistry chain owned by BGH Capital and Ontario Teachers’ Pension Plan (OTPP), has agreed to acquire Australian peer 1300 Smiles for an enterprise valuation of A$165 million ($120 million).
KKR, OTPP, PSP to buy Australia's Spark Infrastructure for $7.2b
KKR, Ontario Teachers’ Pension Plan (OTPP), PSP Investments have agreed to buy Australia-listed Spark Infrastructure, which has extensive interests in electricity transmission and distribution, for an enterprise valuation of A$10.1 billion ($7.2 billion)....
Australia's Blackbird leads Series B for education start-up
Blackbird Ventures has led a $25 million Series B funding round for Forage, an Australia-founded but now US-based provider of virtual training courses aimed at students.
Quadrant buys Australia sleepwear brand
Quadrant Private Equity has acquired Australian women’s sleepwear brand Papinelle for an undisclosed sum with plans for international expansion.
Q&A: Airwallex's Jack Zhang
Hong Kong-headquartered Airwallex has grown from nothing to a $2.6 billion valuation in the space of six years. Co-founder and CEO Jack Zhang details his plans to build a global financial technology stack
Australia's Advent buys VR gaming business
Australian lower middle-market private equity firm Advent Partners has agreed to take a majority stake in Melbourne-based virtual reality gaming company Zero Latency VR.
Australia's V2Food gets $53m Series B extension
Australian vegetarian meat brand V2Food has raised A$72 million ($53 million) in a Series B extension featuring Belgium-based impact investor Astanor Ventures.
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).
EQT pursues $2.2b Australia software take-private
Iress, an Australia-listed software developer that serves the financial services sector, has invited EQT to conduct further due diligence following receipt of a take-private offer worth up to A$3 billion ($2.2 billion).