Australia
Crescent raises $586m for sixth Australia, New Zealand fund
Crescent Capital Partners has closed its sixth Australia and New Zealand mid-market fund at A$800 million ($586 million) after less than three months in the market.
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
Asia data center player raises $621m
AirTrunk, a Singapore-based data center provider focused on Australia, has raised A$850 million ($621 million) in senior debt financing and capital from existing investors Goldman Sachs and TPG Capital.
Wattle Hill bids for Australia's Capilano Honey, targets China growth
Wattle Hill RHC, a private equity firm that targets Australian businesses with products and services that appeal to Chinese consumers, has won board approval for a A$189.7 million ($138 million) privatization of honey producer Capilano Honey.
Singapore's Keppel to launch Australia retail investment fund
Keppel Capital, the asset management arm of Singapore-based Keppel Corporation, has partnered with Australia-listed property developer Vicinity Centres to launch an investment fund targeting assets in Australia’s retail sector.
Australia's OneVentures launches $74m venture debt fund
Australia’s OneVentures has partnered with Israel-based Viola Credit to launch a A$100 million ($74 million) venture debt fund that is said to be the first vehicle of its kind in Australia.
Australian SME lender Judo Capital raises $104m
Australian financial services start-up Judo Capital has raised A$140 million ($104 million) to provide loans to domestic small to medium-sized enterprises (SME).
Q&A: Future Fund's Raphael Arndt
Australia’s Future Fund is responding to disruption by investing in venture capital, factoring technology risk into investment decision making, and upgrading internal systems. CIO Raphael Arndt explains the rationale behind this approach
TPG to buy Healthscope's Asia pathology assets for $206m
TPG Capital has agreed to acquire the Asia pathology assets of Australian hospital operator Healthscope for A$279 million ($206 million), giving it control of 39 pathology laboratories across Singapore, Malaysia, and Vietnam.
Blackbird hits $193m final close on Australia VC fund
Blackbird Ventures has closed its third Australian VC fund with A$261 million ($193 million) in commitments, split between a core investment vehicle and a top-up fund.
Australia's Blue Sky confirms talks with Oaktree
Blue Sky Alternative Investments has confirmed it is in talks with special situations investor Oaktree Capital Management over a possible investment, as the Australian PE firm seeks to mollify investor concerns regarding possible liquidity issues.
Future Fund backs $200m round for China's Tuya Smart
Australia’s Future Fund has joined a $200 million Series C round of funding for Tuya Smart, a Chinese internet-of-things (IoT) and voice artificial intelligence (AI) platform.
Fund focus: LPs get more choice with Denham
Denham Capital's new fund is intended to grow the GP's exposure to mining assets in Australia and other markets, while giving LPs more freedom to set their own sector allocations
Blackbird leads $40m round for Australia's Culture Amp
Blackbird Ventures has led a $40 million Series D round for Culture Amp, an Australia-based company focused on analytics technology that helps enterprise customers manage staff morale and performance.
Quadrant buys Australia, New Zealand candy brands from Nestle
Quadrant Private Equity has agreed to buy a portfolio of candy brands manufactured in New Zealand from Nestle for an undisclosed sum.
Trans Pacific Partnership: A rising tide
When the US withdrew from the Trans Pacific Partnership, the remaining participants decided to go it alone. Hopes are high that the deal will result in improved business environments across Southeast Asia
Denham closes global mining fund at $558m
Denham Capital, a resources and energy-focused GP, has closed its first global mining fund at $558 million. The vehicle is intended to grow the firm's portfolio in Australia, Canada, South America and Africa.
The Growth Fund buys 50% stake in Australia pilot school
The Growth Fund, an Australian middle market private equity investor spun out from Archer Capital, has paid an undisclosed sum for a 50% stake in domestic pilot training school Soar Aviation.
Telstra Ventures, HarbourVest partner for tech fund
Telstra Ventures, the corporate VC arm of Australian telecom giant Telstra, has teamed up with Hong Kong’s HarbourVest Partners to create a fund focused on technology companies across Asia Pacific and the US.
Tencent, Sequoia join $80m Series B for Australia's Airwallex
Australian financial technology company Airwallex has closed an $80 million Series B funding round with participation from existing investors Tencent Holdings and Sequoia Capital China.
Profile: OneVentures' Michelle Deaker
OneVentures co-founder Michelle Deaker leveraged a background of IT innovation to introduce a much-needed dose of entrepreneurialism into the early days of Australia’s venture capital industry
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
Macquarie exits 80% stake in Australia wind farm
Macquarie Capital has exited an 80% holding in Australian wind farm project Lal Lal, with Canada-based Northleaf Capital Partners and UK-based Infrared Capital Partners each taking 40% stakes.