Australia
Australia's CEFC to invest $70m in clean energy fund
Clean Energy Finance Corporation (CEFC), a renewables-focused investor backed by the Australian government, has agreed to commit up to A$100 million ($70 million) to a new fund.
Australia's Archer targets $208m for sixth fund
Australian GP Archer Capital has revived its plans to raise a sixth fund and set a target of A$300 million ($208 million), more than a year after halting the process amid the planned departure of Peter Wiggs, the firm’s founding partner and CEO.
Australia's Square Peg confirms $237m close for Fund II
Australia’s Square Peg Capital has secured two new superannuation fund backers for its second fund, which has closed at A$340 million ($237 million).
Quintet invests in Australian radiology business
Australian alternative asset manager Quintet Partners has invested an undisclosed amount in Exact Radiology, a private equity-backed operator of a chain of diagnostic imaging clinics in Queensland.
Allegro backs Australia's Questas
Australian private equity firm Allegro Funds has confirmed its investment in local mining, construction and agricultural support services provider Questas Group.
Australia's Leap Capital raises $34m venture debt fund
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
Australia's NAB Ventures exits Wave Financial in $400m deal
NAB Ventures, a unit of National Australia Bank (NAB), is set for its debut exit via a deal that will see US tax services giant H&R Block acquire Canada’s Wave Financial for about $400 million.
Australia's PEP surpasses $1.4b in Fund VI first close
Pacific Equity Partners (PEP) has reached a first close of just over A$2 billion ($1.4 billion) on its sixth Australia and New Zealand-focused buyout fund, with the hard cap set at A$2.5 billion.
EQT terminates $2.6b Vocus acquisition
EQT infrastructure has abandoned a bid it extended less than two weeks ago to acquire Australian broadband internet provider Vocus Group for about A$3.3 billion ($2.3 billion).
Australian wi-fi chipmaker Morse Micro secures $17m
A group of Australian VCs including Blackbird Ventures has invested about A$24 million ($17 million) in local wi-fi and internet-of-things (IoT) chipmaker Morse Micro.
KKR hands advisory role to former Australian prime minister
Malcolm Turnbull, whose three-year tenure as prime minister of Australia ended in August of last year, has joined KKR as a global senior advisor.
EQT Infrastructure offers $2.6b for Australia's Vocus
EQT Infrastructure has offered to acquire all the shares in Australia-listed broadband internet provider Vocus Group in a deal that values the company at about A$3.3 billion ($2.3 billion).
Adamantem makes $69m bid for Australia's Legend Corp
The board of Australian electrical products manufacturer Legend Corporation has endorsed a takeover bid from Adamantem Capital at an enterprise valuation of A$100.6 million ($69.7 million).
Australia's Canva raises $70m at $2.5b valuation
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
EMR launches third fund with $1.3b target
Australian resources-focused private equity firm EMR Capital has launched its third fund with a target of $1.3 billion.
Asia's middle market: Lost in space
Growing fund sizes in certain Asian markets are redefining what constitutes a middle-market GP. Are these managers evolving alongside the opportunity set or careering dangerously outside of their sweet spot?
BlueChilli launches health-tech accelerator in Singapore
Australia’s BlueChilli has launched a health-tech accelerator in Singapore in cooperation with the local government as part of a broader pivot toward the region.
Australian online tutoring start-up gets $14m Series A
Cluey Learning, an Australian start-up that provides personalized online tuition services for elementary through high school students, has raised A$20 million ($14 million) in Series A funding from Allectus Capital and Thorney Investment Group.
Unilever Ventures backs Australia skincare brand
Unilever Ventures, the VC arm of consumer goods giant Unilever, has provided an early-stage round of undisclosed size to Australian skincare brand Dr Roebuck’s.
Australia's OneVentures hits $32m first close on venture debt fund
Australia’s OneVentures has reached a A$45 million ($32 million) first close on a venture debt fund touted as the first of its kind in the country.
CCA's VC unit expands into Indonesia
Coca-Cola Amatil (CCA), an Australia-listed food and beverage distributor for Coca-Cola and several other food brands, has established a branch of its venture capital unit Amatil X in Indonesia.
LP interview: HESTA
As demand for private equity grows among institutional investors globally, HESTA is focusing on building its internal unlisted assets expertise to connect with potential fund managers on their own terms
Bain & Co appoints new SE Asia, Australia heads
Bain & Company has named new managing partners for its businesses in Southeast Asia and Australia. The appointments come a month after the consulting firm announced a new Asia Pacific head.
Singapore's TPG-backed AirTrunk raises $333m
TPG Capital and Goldman Sachs have joined a S$450 million ($332.6 million) investment in AirTrunk, a Singapore-based provider of data center services.