Australia
Australia's Saluda Medical secures $40m round
Action Potential Venture Capital (APVC), an investment arm of British pharmaceutical company GlaxoSmithKline, has led a A$53 million ($40 million) all-equity Series D round for Australia’s Saluda Medical.
Australian adtech start-up Unlockd secures $23m
Malaysian telecommunications conglomerate Axiata has led a $23 million investment in early-stage Australian advertising technology company Unlockd.
Navis to sell Australia's Retail Apparel to The Foschini Group
Navis Capital Partners has agreed to sell its controlling stake in Australia’s Retail Apparel Group (RAG) to The Foschini Group of South Africa in a deal worth A$302.5 million ($225 million).
Artesian closes $19.5m Australian cleantech fund
Australian venture capital firm Artesian Venture Partners has raised A$26 million ($19.5 million) for a domestic clean energy fund with a A$10 million cornerstone investment from the government’s A$1 billion Clean Energy Innovation Fund.
CITIC Capital in $600m Australian health acquisition
CITIC Capital China has joined a consortium including China’s Humanwell Healthcare to acquire the sexual health division of Australia-listed medical products supplier Ansell for $600 million.
Australia's CHAMP PE closes Fund IV at $547m
CHAMP Private Equity has reached a final close of A$735 million ($547 million) on its fourth Australia and New Zealand-focused fund.
Blue Sky exits Australia's HPS via $116m trade sale
Blue Sky Alternative Investors will exit its stake in HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, as healthcare business EBOS agreed to buy the asset for A$154 million ($116 million).
Sino-Australian consortium to buy Icon Group from Quadrant
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
Hellman & Friedman submits $2.1b offer for Australia's Fairfax
Hellman & Friedman has submitted a buyout offer for Australia’s Fairfax Media that values the business as high as A$2.9 billion ($2.1 billion).
TPG, OTPP return with full buyout offer for Australia's Fairfax
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have revised their bid for Australia’s Fairfax Media to a full buyout that values the business at approximately A$2.75 billion ($2 billion).
Local-led consortium pays $5.6b for Australia's Endeavour Energy
An Australian-led consortium that includes Macquarie and AMP Capital has agreed to pay A$7.6 billion ($5.6 billion) for a majority stake in Endeavour Energy, which owns and operates part of the New South Wales (NSW) electricity distribution network.
TPG, OTPP pursue carve-up of Australia's Fairfax Media
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have submitted a buyout offer for Fairfax Media that would see them assume control of certain assets – including newspapers The Sydney Morning Herald, The Age and The Australian Financial Review –...
Hony ups stake in Australia's Santos
Chinese private equity firm Hony Capital has invested A$184.3 million ($136.8 million) to increase its minority stake in Australia-listed oil and gas supplier Santos.
Australia's Airwallex raises $13m Series A round
Tencent Holdings, Sequoia Capital China and Mastercard have all participated in a Series A funding round worth $13 million for Airwallex, an Australia-based cross-border payments company.
Allegro acquires Australian resources sector contractor
Allegro Funds Group has acquired a controlling stake in Terrex Seismic, an Australia-based services provider for the oil and gas, minerals and government geoscience research industries.
Portfolio: Archer Capital and Australia's Allity
During its ownership of Allity, Archer Capital has focused on putting the aged care company a cut above the competition. Now the GP believes its premium care bet is poised to pay off
Platinum to buy OfficeMax business in Australia, New Zealand
US-based private equity firm Platinum Equity has agreed to buy business products supplier OfficeMax’s Australia and New Zealand businesses from its owner, US-based Office Depot.
PE consortium ups bid for Australia's Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has increased its buyout offer for Australian lottery operator Tatts Group. It now values the company at A$7.6 billion ($5.7 billion).
Blackbird backs Australian space, IoT start-up
Australia’s Blackbird Ventures has led a A$5 million ($3.7 million) Series A funding round for Fleet, a domestic space technology start-up targeting growth in the internet of things (IoT) industry.
Hastings, First State Super buy Australian state land registry
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
Australia's First Super halts PE investments
First Super, an Australian pension fund that represents workers in the timber, pulp and paper and furniture and joinery industries, has suspended its PE investment program over concerns about poor labor practices in portfolio companies.
L Catterton-owned Seafolly makes South America bolt-on
L Catterton Asia, the Asia arm of global consumer-focused GP L Catterton, has purchased Colombian beachwear brand Maaji in a bolt-on acquisition for its Australian swimwear brand Seafolly.
Sequoia India leads Series C for Australia's HealthEngine
Sequoia Capital India has made its debut investment in an Australia-based start-up, leading a A$26.7 million ($20.2 million) Series C round of funding for HealthEngine, an online healthcare marketplace.
Fund focus: Square Peg goes formal with $180 fund
In response to rising LP demand, Square Peg Capital left its deal-by-deal days behind and raised a formal VC fund. The firm is targeting start-ups in Australia, Southeast Asia and Israel