Australia
Advent supports Australia radiology merger
Advent Private Capital has created the fourth-largest radiology group in Australia by bringing together two independent diagnostics businesses, Lake Imaging and South Coast Radiology.
Australia infrastructure: Ideal owners
Australian pension funds are keen to invest in a raft of infrastructure privatizations, with some of the proceeds earmarked for new projects. But more can be done to get long-term capital into greenfield infrastructure
Pension funds in infrastructure: Ideal owners
Australian pension funds are keen to invest in a raft of infrastructure privatizations, with some of the proceeds earmarked for new projects. But more can be done to get long-term capital into greenfield infrastructure
KKR enters Australia real estate market
KKR and Australia Securities Exchange-listed Abacus Property Group have together agreed to buy a majority stake in three office towers that form part of Melbourne’s World Trade Centre (WTC) for A$120.4 million ($112.3 million).
TA makes partial exit as Speedcast IPO raises $139m
Satellite telecom provider SpeedCast is trading at a modest premium to its IPO price following an offering that raised A$150 million ($139 million) on the Australian Securities Exchange and facilitated a partial exit for TA Associates.
Australian agri information service gets Series C round
Agworld, an Australia-based information exchange platform for farmers, has raised A$6 million ($5.6 million) in a Series C round of funding led by Reed Elsevier Ventures. Existing investor Yuuwa Capital also participated.
Next Capital exits NZ bus operator to Maori funds
Next Capital has agreed to sell New Zealand bus operator Go Bus to Maori investment funds Ngai Tahu Holdings Corporation (NTHC) and Tainui Group Holdings (TGH).
Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
KKR, Rhône make renewed $3.15b offer for Australia wine-maker
KKR, together with Rhône Capital, has made a revised A$3.37 billion ($3.15 billion) offer to acquire Australia Securities Exchange (ASX)-listed Treasury Wine Estates.
PEP sees sweet exit on Griffin's Foods
When Pacific Equity Partners (PEP) first came to acquire New Zealand-based snacks producer Griffin's Food in 2006 at an enterprise valuation of NZ$385 million (then $240 million), it represented the classic carve-out opportunity. The company - famous...
Shares in PE-backed Healthscope climb 5.2% on ASX debut
Shares in Healthscope,the Australian hospital operator backed by TPG Capital and The Carlyle Group, rose 5.2% to A$2.21 at the end its first day of trading yesterday following the largest Australian IPO in four years.
NAB offloads $1b UK loan portfolio to Cerberus
The National Australia Bank (NAB) has agreed to sell a GBP625 million ($1 billion) portfolio of mostly distressed UK property loans to New York private equity firm Cerberus Capital Management.
Founders Fund, Shasta Ventures back Australia's Canva
Founders Fund and Shasta Ventures have led a $3.6 million round of funding for Canva, an Australian website that allows amateur designers to create polished web graphics using drag-and-drop tools.
PEP exits Griffin's Foods to Philippines buyer for $608m
Australian GP Pacific Equity Partners (PEP) is set for its fourth full or partial exit in two months after Philippines food and beverage conglomerate Universal Robina (URC) agreed to buy Griffin’s Foods for approximately NZ$700 million ($608 million)...
PE firms circle CHAMP-backed Lorna Jane - report
Bain Capital and Advent international are said to be among the potential buyers for Lorna Jane, an Australian women's fitness and leisure apparel company backed by CHAMP Ventures.
KKR, PEP to make joint bid for Australia's Sai Global - report
KKR will reportedly team up with Australian private equity firm Pacific Equity Partners (PEP) to bid for risk management and standards compliance business SAI Global.
New Australian crowd-funding platform set for launch
A new equity crowdfunding platform called Equitise is being launched in Australia.
PE-backed Monash IVF loses momentum after $298m IPO
Shares in Australian in vitro fertilization company Monash IVF Group slipped below the offering price on the second day of trading, following a A$315.9 million ($298 million) IPO that saw Ironbridge Capital exit the majority of its holding.
Australia's PEP set for exit as Asaleo Care raises $616m
Pacific Equity Partners (PEP) will make a full exit from Asaleo Care as the hygiene and paper products manufacturer raises A$655.7 million ($616.6 million) through an IPO.
Riverside buys Australia orthopedics business
Global mid-market buyout firm The Riverside Company has acquired Global Orthopaedic Technologies (GOT), an Australian orthopaedic implants manufacturer.
Australia's Lifx goes from Kickstarter to Series A
Sequoia Capital has led a $12 million Series A round of investment for Lifx, an Australian manufacturer of Wi-Fi enabled light bulbs.
TPG, Carlyle favor IPO exit for Australia's Healthscope – report
TPG Capital and The Carlyle Group are reportedly looking to take Healthscope public rather than seek to exit Australia’s second-largest private hospital operator via a trade sale.
VIDEO: Marcus Simpson of QIC
The relationship PE firms and large institutional investors has yet to settle down following the disturbance created by the global financial crisis, but fee discounts, co-investment and direct investment are here to stay, says Marcus Simpson, head of...
China's CIC to focus on food
China Investment Corporation (CIC), the country’s $650 billion sovereign wealth fund, wants to partner with governments, multilateral organizations and like-minded institutions to invest in agriculture assets.