Australia

Ironbridge's creative liquidity solution

Stapled secondaries and GP restructurings have become common parlance as Asia's private equity investors grapple with a challenging fundraising environment, even though talk still overshadows action. In each case, new investors come in to replace old,...

  • Funds
Australia’s Ironbridge offers LPs secondary exit route

Ironbridge Capital has launched a hybrid structure for its latest fundraising, with investors in the Australian GP’s first two funds being given the opportunity to exit their positions or roll over into a new vehicle that will continue to manage the...

ADIA buys Australia hotel portfolio

Abu Dhabi Investment Authority (ADIA) has bought Tourism Asset Holdings (TAHL), Australia’s largest hotel owner. The deal will see the Middle East sovereign wealth fund assume control of 31 Accor-operated properties in major cities.

Australia's Wolseley targets $279m for Fund III

Wolseley Private Equity is targeting A$300 million ($279 million) for its third fund, which will invest in small to mid-size privately-owned businesses in Australia and New Zealand. The GP expects to see considerable opportunities in this space as founders...

contract-gavel-litigation
Litigation funds: The justice league

Litigation financiers are increasingly looking for opportunities in Asia, many making their investments out of private equity-style funds. But do they bring the same returns?

Navis buys Australian childcare business from Wolseley

Navis Capital Partners has acquired Australian childcare services provider Guardian Early Learning Group from Wolseley Private Equity with a view to helping the 69-center chain double in size. The transaction value was not disclosed but sources indicate...

  • Exits
AVCAL CEO Katherine Woodthorpe resigns

Katherine Woodthorpe, CEO of the Australian Private Equity and Venture Capital Association (AVCAL), has resigned. Having spent seven years in the role, Woodthorpe announced she would be stepping down on October 31 in order to "pursue fresh challenges."

Quadrant backs City Farmers’ tech-based strategy

With a longstanding interest in Australia’s pet supplies industry, Quadrant Private Equity examined all the major independent players in search of a business suitable for rapid scaling up and expansion nationwide. In Perth-headquartered City Farmers,...

Billabong posts $777m loss, brand value drops to zero

Distressed Australian surfwear retailer Billabong International- which is currently negotiating a A$325 million ($290 million) refinancing deal with a consortium led by Altamont Capital Partners - has booked a net loss of A$860 million, while cutting...

Australia's Catalyst exits EziBuy to Woolworths for $274m

Catalyst Investment Managers has exited Australia and New Zealand apparel and homeware retailer EziBuy to Woolworths for NZ$350 million ($274 million). The PE firm bought a 43% stake in EziBuy six years ago for an enterprise valuation of NZ$200 million,...

Australia’s Starfish Ventures scales back team

Malcolm Thornton and Nick Peace are set to leave Australian VC firm Starfish Ventures, having converted from investment directors to venture partners. They will continue to work with existing portfolio companies until exit at which point the two are expected...

Bain to sell Domino’s Japan for $123m

Bain Capital will sell a 75% stake in Domino’s Pizza Japan (DPJ) to Australia-listed Domino’s Pizza Enterprises (DPE) for JPY12 billion ($123.4 million). The buyer will provide JPY9 billion of new debt funding, implying an enterprise value for the...