Australia
Ex-TPG Asia head Ben Gray targets $1.5b Australia fund
Ben Gray, the Australia-based former co-head of TPG Capital’s Asia operations, is looking to raise A$2 billion ($1.5 billion) for an Australia and New Zealand-focused fund.
Australia's AMP closes global infrastructure fund at $2.4b
Australia’s AMP Capital has reached a final close of $2.4 billion on its second global infrastructure fund, exceeding the target of $2 billion.
Australia's Atlassian to buy VC-backed Trello
Atlassian, an enterprise software company founded in Sydney and now listed on NASDAQ, has acquired Trello, a VC-backed US start-up that develops software intended to facilitate collaboration and teamwork.
Riverside, Silverfern buy Australia's Waste Services Group
The Riverside Company and The Silverfern Group, a US-headquartered middle market investment manager that represents a set of family offices, have acquired Australia’s Waste Services Group for an undisclosed sum.
Australia's Future Fund backs US data protection start-up
Australia’s Future Fund has participated in a $45 million Series C round of funding for US-based data protection company Bitglass, joining existing investors such as Singapore’s Singtel Innov8.
EMR buys Australian precious metals mine for $210m
EMR Capital has agreed to pay $210 million for Golden Grove, a precious metals mine in Western Australia owned by China Minmetals Group (MMG).
Australia's Tatts rejects $5.4b bid from PE-backed consortium
Australian lottery operator Tatts Group has rejected a A$7.3 billion ($5.4 billion) buyout offer from a PE-backed consortium, saying the terms are inferior to those in a proposed merger with industry counterpart Tabcorp.
CHAMP Ventures, Frontenac exit H-E Parts to Japan's Hitachi
Australia's CHAMP Ventures and its US-based partner Frontenac will exit H-E Parts – a leading provider of replacement parts for mining and construction vehicles – as Hitachi Construction Machinery agreed to buy the business for an enterprise valuation...
AVCJ Awards 2016: Firm of the Year & Fundraising of the Year - Mid Cap: Quadrant Private Equity
Australia-based Quadrant Private Equity has made a habit of six-week fundraises. The capital continues to target middle-market consolidation plays
Denham-backed platform acquires Australian renewables projects
Resources-focused private equity firm Denham Capital has invested in three renewable energy projects across Australia via its Singapore-based investment platform Nexif Energy.
Deal focus: Allegro brings driller back from the brink
Allegro carves out JSW Australia from bankrupt Hughes Drilling with a view to capitalizing on the country's gradual mining rebound
PE consortium bids $5.4b for Australia gaming business Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has submitted a buyout offer for Australian lottery operator Tatts Group that values the business at up to A$7.3 billion ($5.4 billion).
Deal focus: Investing in Australia's winds of change
Partners Group moves early in response to regulatory easing in Australia's renewables space with $186 million wind power bet
The crystal ball: Predictions for 2017
From LPs looking for realizations from GPs as well as paper gains, to the factors contributing to more buyout opportunities in China, industry participants give their perspectives on the year to come
2016 in review: Uncertainty reigns
Infrastructure and late-stage technology among the few investment bright spots; renminbi vehicles dominate the fundraising landscape; public market instability undermines exit plans
Q&A: Värde's George Hicks
George Hicks, CEO and CIO of global credit investor Värde, on looking beyond big default cycles, taking advantage of bank retrenchment opportunities, and the importance of building strong local teams
Bain Capital to acquire Camp Australia
Bain Capital Private Equity has agreed to buy Camp Australia, a nationwide provider of outside school hours care, for an undisclosed sum.
Three GPs chosen to manage Australia biomedical fund
OneVentures, Brandon Capital and BioScience Managers have been selected to manage the Australian government’s A$500 million ($375 million) Biomedical Translation Fund (BTF).
Partners Group agrees $186m Australia wind farm deal
Partners Group has invested A$250 million ($186 million) into an Australian wind energy installation that aims to power 110,000 homes and offset 600,000 tonnes of carbon emissions per year.
Australia's GO1 raises $3m for global push
Australia-based education technology start-up GO1 has received a A$4 million ($3 million) round of funding from a group of domestic and US VCs for its expansion efforts in Asia, North America and Europe.
Allegro acquires Australian mining business
Allegro Funds Group has acquired Australian mine production and specialist drilling operator JSW Australia.
Macquarie, CIC join consortium to buy control of UK gas distributor
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).
Gaw Capital leads Australian student accommodation acquisition
Hong Kong private equity firm Gaw Capital Partners has led the purchase of an office building in Australia for conversion into student accommodation.
Sydney Angels launches $15 million VC fund
Sydney Angels, a syndicate of high-net-worth individuals that invests in Australian start-ups, has launched its second fund with a view to raising up to A$20 million ($15 million).