BGH Capital has asked Australia’s Takeovers Panel to intervene a second time in its pursuit of Virtus Health after the fertility care business resolved to engage with CapVest Partners and not entertain BGH’s improved offer.
US-based healthcare investor Redmile Group has led a USD 125m round for Australia’s Saluda Medical, a devices company focused on spinal cord stimulation.
Australian payments provider Zeller has closed an AUD 100m (USD 73m) Series B round led by Headline, a US venture capital firm, and supported by domestic superannuation fund Hostplus.
BGH Capital has closed its second fund on approximately AUD 3.6bn (USD 2.6bn) after fewer than six months in the market. It represents the largest-ever private equity vehicle raised for deployment in Australia and New Zealand.
Having backed Australian VCs for Hostplus, Neil Stanford is now raising a fund-of-funds with a view to catalysing a state-wide start-up ecosystem. A preferred return structure is being used to lure LPs
V-Ignite, an investment firm established by the former PE and VC head at Australian superannuation fund Hostplus, is looking to raise AUD 120m (USD 86m) for a fund-of-funds that will support managers in the state of Victoria.
Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.
Infrastructure managers in Australia are pushing into the PE space, competing with GPs for assets and buying businesses from them. It falls under the core-plus umbrella, but is the definition being stretched too far?
Allegro Funds plucked Australian baby and kids retailer Best & Less from its underperforming parent and defied pandemic-related uncertainty to complete a turnaround that culminated in an IPO
Australia’s Clean Energy Finance Corporation (CEFC) has committed AUD 80m (USD 57.5m) to IFM Investors’ mid-market growth fund, which achieved a second close of AUD 380m at the end of 2021.
US venture capital and private equity firm Arrowroot Capital has invested AUD 42m (USD 30m) in Australian enterprise risk management software and services provider Protecht Group.
Australian impact investment firm For Purpose Investment Partners (FPIP) has reached a first close of AUD 67m (USD 48m) on its debut fund, which has an overall target of AUD 250m.
Australian casino operator Crown Resorts has agreed to an acquisition by The Blackstone Group at an equity valuation of AUD 8.9bn (USD 6.34bn), ending a nearly one-year pursuit.
Australian mid-market GP Quadrant Private Equity is adding a fourth managing partner with the recruitment of Gareth Woodbridge from KKR.
Quadrant Private Equity’s recent deals have focused on defensive, non-cyclical sectors, but the Australian GP continues to track a consumer story driven by technology and new modes of delivery
Q&A: AirTree Ventures’ John Henderson DECK Australia-based AirTree Ventures has established a crypto-focused vehicle alongside its latest fund. John Henderson, a partner at the firm, explained how they think about the Web3 opportunity
AirTree Ventures has completed the largest-ever venture capital fundraise in Australia and New Zealand, gathering AUD 700m (USD 494m) across three vehicles.
Australia’s Potentia Capital has joined a AUD 35m (USD 25m) round for local construction tender and procurement platform EstimateOne.
Bond, a US-based technology investment firm established by Silicon Valley stalwart Mary Meeker, has led a AUD 60m (USD 43m) Series C round for Australian telehealth platform Eucalyptus.
BGH Capital has set the hard cap for its second Australia and New Zealand-focused fund at approximately AUD 3.5bn (USD 2.5bn), having reached a first close of AUD 3bn.
CapVest Partners, a UK-headquartered private equity firm that primarily invests in Europe and North America, has entered the race for Australian fertility care business Virtus Health with an AUD 650.1m (USD 469m) offer.