Australia
AVCJ Awards 2018: Firm of the Year - Mid Cap: Quadrant Private Equity
Chris Hadley, executive chairman of Quadrant Private Equity, reflects on the key themes underpinning the firm’s activities in Australia and – increasingly – overseas as well
Australia's Advent promotes Rob Hooke to partner
Australian lower middle market private equity firm Advent Partners has promoted Rob Hooke to partner.
Infrastructure Capital raises $109m for Australia renewables fund
Australian specialist fund manager Infrastructure Capital has raised A$150 million ($109 million) for a renewable energy fund, including a A$100 million commitment from the government’s Clean Energy Finance Corporation (CEFC).
2018 in review: Volatility vortex
Pan-regional funds attract the bulk of capital while the renminbi space withers; mixed fortunes for internet IPOs and trade sales; big buyouts fail to deliver but growth-stage tech stays strong
Q&A: Bain Capital's Jonathan Lavine
Asia’s private credit markets are underdeveloped given the size of the regional economy. Jonathan Lavine, co-managing partner of Bain Capital and CIO of Bain Capital Credit, assesses the growth potential
Deal focus: Deputy punches the new timeclock
Employment management services company Deputy has raised what is said to be Australia’s largest ever Series B round as investors look to bring new technologies into long-outdated business processes
Australia's PEP hits $433m first close on secure assets fund
Pacific Equity Partners (PEP) has reached a first close of A$600 million ($433 million) on its secure assets fund, which invests in companies in Australia and New Zealand that generate annuity income but also offer opportunities for traditional private...
Singtel Innov8 leads $16m round for Australia's Data Republic
Singtel Innov8, the venture arm of Singapore telecom giant SingTel, has led a A$22 million ($16.2 million) Series B round for Australian cybersecurity technology company Data Republic.
Australia's Future Fund loses private equity team - update
Three of the four most senior members of the private equity team at Australia’s Future Fund – including PE head Steve Byrom – have departed to set up their own consulting firm that will advise global institutional investors looking to build exposure to...
Australia's Mercury closes Fund III at $439m hard cap
Australian mid-market private equity firm Mercury Capital has closed its third fund at the hard cap of A$600 million ($439 million).
Square Peg joins $81m Series B for Australia's Deputy
Australia’s Square Peg Capital has joined an $81 million Series B funding round for domestic workforce management software provider Deputy.
Crescent agrees $112m carve-out of Australia's Viridian Glass
Crescent Capital Partners has agreed to acquire Viridian Glass, a maker of float glass based in Australia and New Zealand, from building products manufacturer CSR for A$155 million ($112 million).
GIC establishes $1.4b logistics JV with Australia's Dexus
Singapore’s GIC Private has formed a joint venture with Australian real estate investment trust (REIT) Dexus to invest A$2 billion ($1.4 billion) in logistics properties in Australia.
Square Peg leads $18m round for Australian lender
Australian online mortgage marketplace Athena Home Loans has raised a A$25 million ($18 million) Series B round led by existing backer Square Peg Capital, with participation by new investors Hostplus and Airtree Ventures.
Blackstone agrees $792m sale of Australia chemicals business
The Blackstone Group has agreed to sell Ixom, a chemicals business it carved out from Australia’s Orica three years ago, to Keppel Infrastructure Trust (KIT) for approximately A$1.1 billion ($792 million).
Mixed impact on exits as early-stage VC heats up – AVCJ Forum
VCs face new challenges and opportunities in exit markets across Asia as later-stage investors and strategic players participate more deeply in early-stage ecosystems.
Australasia PE outlook: Return of the take-private
Large-cap GPs are setting their sights on listed companies, with healthcare, education and technology top of the list
Quadrant-backed APM acquires UK-based WD Services
Advanced Personnel Management (APM), an Australian disability services provider purchased by Quadrant Private Equity last year, has acquired UK-based employment program operator WD Services.
Colinton, AustralianSuper, Myer buy stake in AMA
Colinton Capital, a middle market private equity firm established by Simon Moore, formerly Australia head at The Carlyle Group, has participated in a A$68.6 million ($49.7 million) investment in automobile aftercare services provider AMA Group.
TPG agrees $698m buyout of Australia's Greencross
Australian pet care company Greencross has agreed to be taken-private by TPG Capital at an enterprise valuation of A$970 million ($698 million) and an equity valuation of A$675 million. The deal comes nearly three years after a A$720 million bid from...
Australia take-privates: Super show
AustralianSuper is supporting BGH Capital - a portfolio GP - on privatization bids for two companies in which the superannuation fund is an investor. Is this a new model for GP-LP partnerships in Australia?
PE investors sweeten offer for Australia's Capilano Honey
Wattle Hill RHC and ROC Partners have submitted an improved offer for Australia-listed Capilano Honey that values the business at A$198.6 million ($143 million).
Australia's Pemba to exit Heavy Maintenance Group
Pemba Capital Partners – an Australian middle-market GP formerly known as RMB Capital Partners – has agreed to sell heavy equipment specialist Heavy Maintenance Group (HMG) to Malaysia’s Sime Darby for A$58 million ($41 million).
Deal focus: Quintet pumps Talent's recruitment muscle
Australian middle-market GP Quintet Partners has targeted IT contract recruitment for its second investment, leveraging a global trend towards taking on staff as and when needed