Australia
IFM backs Australia SaaS player Zuuse
Australia’s IFM Investors has invested about A$50 million ($36 million) in local industrial software-as-a-service (SaaS) start-up Zuuse.
Australia HR start-up Flare raises $16m
KKR-owned accounting services providers MYOB has led a A$22 million ($16 million) Series C round for Australian HR technology start-up Flare.
Guy Hands buys Australian cattle business from Terra Firma
Guy Hands, chairman and CIO of Terra Firma, has acquired the UK-headquartered private equity firm’s position in Consolidated Pastoral (CPC), one of Australia’s largest cattle station operators, through his family office.
Ares bids for Australian financial services player AMP
Ares Management has submitted a non-binding offer of around A$6.4 billion ($4.5 billion) to acquire Australia’s AMP, continuing the recent private equity push into the country’s wealth management industry.
Infratil, Morrison bid $524m for Australia radiology business
New Zealand infrastructure investors Infratil and HRL Morrison have offered to acquire a 75% stake in Australia-based radiology business Qscan for an enterprise valuation of A$735 million ($524 million), facilitating an exit for Quadrant Private Equity....
Australia's SafetyCulture raises a further $35m
Blackbird Ventures has led a A$48.5 million ($35 million) round for Australian workplace safety platform SafetyCulture. It comes six months after a Series C investment of similar size.
Australia's Link Group rejects PEP, Carlyle buyout offer
Australia-based financial data and fund administration services provider Link Group has rejected a A$2.7 billion ($1.97 billion) buyout offer from Pacific Equity Partners (PEP) and The Carlyle Group, saying it materially undervalues the company.
Square Peg joins $80m Series D for Australia's Rokt
Square Peg Capital and TDM Growth Partners have joined an $80 million Series D round for Australia e-commerce marketing technology provider Rokt.
Deal focus: Lyre's opts for science instead of a still
Australia-founded beverages maker Lyre’s has raised $11.5 million in seed funding with a view to helping non-alcoholic spirits follow in the footsteps of alternative protein
Australia's V2Food raises $55m Series B
Australian alternative protein producer V2Food has raised a A$77 million ($55 million) Series B round featuring Sequoia Capital China and Temasek Holdings.
L Catterton exits RM Williams to Australian billionaire
L Catterton Asia has sold Australian bootmaker R.M. Williams to Tattarang, a private investment group established by Andrew Forrest, majority shareholder and former CEO of Fortescue Metals Group.
BGH, OTPP sweeten deal for New Zealand's Abano
BGH Capital and Ontario Teachers’ Pension Plan (OTPP) have improved their take-private offer for New Zealand dentistry chain Abano, reflecting a relatively strong business recovery.
PE-owned Adore Beauty targets $193m Australia IPO
Australia’s Quadrant Private Equity is set to make a first exit from its growth fund with online beauty retailer Adore Beauty announcing plans for a A$269.3 million ($192 million) IPO.
Deal focus: Neuron finds clear roads down under
Having increased its Series A round to $30.5 million, Neuron Mobility is ramping up expansion of its e-scooter rental services, with Australia and New Zealand the immediate priorities
Australia's 99Designs acquired by European trade buyer
Australia’s 99Designs, a global graphic design marketplace, has been acquired by Ireland-based Cimpress, the owner of marketing services firm Vistaprint. It sets up at least one VC exit.
Singapore e-scooter start-up gets Series A extension
Neuron Mobility, a Singapore-based e-scooter rental start-up, has secured $12 million in an extended Series A round as it accelerates expansion in Australia and New Zealand and prepares to enter the UK.
Australia's Airwallex upsizes Series D to $200m
Australian international payments technology provider Airwallex has raised an additional $40 million in Series D funding from existing investors, bringing the round to $200 million.
Deal focus: PEP reaches its Zenith
The fourth investment from Pacific Equity Partners’ secure assets fund, Zenith Energy is expected to serve as a platform for expansion in the Australian remote power industry
AMP Capital forms Asia infrastructure debt team
Australia’s AMP Capital has doubled down on its Asia Pacific infrastructure debt strategy with the creation of a dedicated team based across Sydney and Singapore.
PAG poised to invest in Australian airline
PAG Asia Capital is in exclusive negotiations over a A$150 million ($109 million) investment in Regional Express Holdings (Rex), an Australian airline that emerged following the collapse of Ansett Airlines.
Deal focus: COVID-19 prompts Modern Star exit rethink
Navis Capital Partners' 3.5x return on Australian educational resources supplier reflects how the business proved resilient in the face of COVID-19, but the pandemic still played havoc with the exit process
Subscription credit: Fine lines
Increased standardization on disclosure has improved the visibility LPs have into how private equity firms are using subscription credit lines, but they must be mindful of attempts to loosen terms.
Australia's BGH backs online travel agent
BGH Capital has invested an undisclosed sum in TripADeal, an online travel agent that caters to the Australia and New Zealand markets.
PEP to buy Australian software player for $367m
Australia’s Pacific Equity Partners (PEP) has agreed to acquire 100% of Sydney-listed enterprise software and IT services provider Citadel for A$503 million ($367.5 million).