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BGH Capital

avcj-230830cvr-72
Weekly digest - August 30 2023

  • Region
  • 30 August 2023
church
BGH, Sixth Street's PushPay buyout bid set to fall short

New Zealand and Australia-listed payments business PushPay has announced that its NZD 1.54bn (USD 933m) acquisition by BGH Capital and Sixth Street Partners will not proceed based on proxy votes already received.

  • Australasia
  • 03 March 2023
oolkit-tool-belt-operations-value-creation-improvement
Value in adversity: Australia’s operational challenge

With Australia poised for a rarely-seen period of economic difficulty, the operational capabilities developed by domestic private equity firms will be put to the test

  • Australasia
  • 15 February 2023
avcj-221102cvr-72
Weekly digest - November 02 2022

  • Region
  • 02 November 2022
church
BGH, Sixth Street agree $933m buyout of New Zealand's PushPay

BGH Capital and Sixth Street Partners have agreed to acquire PushPay, a New Zealand and Australia-listed payments business specialising in donor management, for an enterprise value of NZD 1.54bn (USD 933m).

  • Australasia
  • 31 October 2022
church
New Zealand's Pushpay confirms PE approaches

Pushpay, a New Zealand and Australia-listed payments business specialising in donor management, confirmed it had been approached by prospective buyers but played down the significance of an agreement with BGH Capital and Sixth Street Partners.

  • Australasia
  • 26 May 2022
BGH continues fight for Australia's Virtus Health

BGH Capital is refusing to give up its pursuit of Australian fertility care business Virtus Health, tabling a revised buyout bid even after the company entered a binding agreement with CapVest Partners.

  • Australasia
  • 07 April 2022
parent-child-birth
BGH seeks regulatory action amid battle for Australia's Virtus

BGH Capital has asked Australia’s Takeovers Panel to intervene a second time in its pursuit of Virtus Health after the fertility care business resolved to engage with CapVest Partners and not entertain BGH’s improved offer.

  • Australasia
  • 07 March 2022
Australia's BGH closes Fund II on $2.6b

BGH Capital has closed its second fund on approximately AUD 3.6bn (USD 2.6bn) after fewer than six months in the market. It represents the largest-ever private equity vehicle raised for deployment in Australia and New Zealand.

  • Australasia
  • 02 March 2022
sydney-above-harbour-australia
Australia’s BGH sets $2.5b hard cap for Fund II

BGH Capital has set the hard cap for its second Australia and New Zealand-focused fund at approximately AUD 3.5bn (USD 2.5bn), having reached a first close of AUD 3bn.

  • Australasia
  • 25 January 2022
pregnancy-pregnant-mother-parents-baby
CapVest tops BGH's bid for Australia's Virtus Health

CapVest Partners, a UK-headquartered private equity firm that primarily invests in Europe and North America, has entered the race for Australian fertility care business Virtus Health with an AUD 650.1m (USD 469m) offer.

  • Australasia
  • 21 January 2022
BGH makes $432m bid for Australia's Virtus Health

BGH Capital has submitted a take-private bid for Virtus Health, an Australia-based fertility care services provider, that values the business at approximately A$607.3 million ($432 million).

  • Australasia
  • 15 December 2021
dental-dentist-surgery-xray-2
BGH-owned Abano to buy Australia dentistry business

Abano Healthcare, a New Zealand dentistry chain owned by BGH Capital and Ontario Teachers’ Pension Plan (OTPP), has agreed to acquire Australian peer 1300 Smiles for an enterprise valuation of A$165 million ($120 million).

  • Australasia
  • 25 August 2021
avcj-20210609cvr-72
Weekly digest - June 09 2021

  • Region
  • 09 June 2021
cloud-computing-software-enterprise-service-5
BGH bids $1b for Australian software provider Hansen

Australian private equity firm BGH Capital has offered to acquired Sydney-listed industrial software provider Hansen Technologies for an enterprise valuation of A$1.3 billion ($1 billion).

  • Australasia
  • 08 June 2021
tourism-tourist-holiday
Asia travel & hospitality: Ready to board?

The outlook for international tourism remains uncertain, but this hasn’t stopped some private equity and venture capital investors targeting travel and hospitality assets in Asia. It pays to be selective

  • Greater China
  • 09 December 2020
BGH, OTPP sweeten deal for New Zealand's Abano

BGH Capital and Ontario Teachers’ Pension Plan (OTPP) have improved their take-private offer for New Zealand dentistry chain Abano, reflecting a relatively strong business recovery.

  • Australasia
  • 13 October 2020
balloon-lake-tourism
Australia's BGH backs online travel agent

BGH Capital has invested an undisclosed sum in TripADeal, an online travel agent that caters to the Australia and New Zealand markets.

  • Australasia
  • 21 September 2020
dentist-xray
BGH, OTPP reengage with New Zealand's Abano

BGH Capital and Ontario Teachers’ Pension Plan (OTPP), which recently terminated an acquisition of New Zealand dentistry chain Abano, have renewed their bid at a lower price.

  • Australasia
  • 31 August 2020
roller-coaster-theme-park
BGH to buy Australia's Village Roadshow for $543m

BGH Capital has agreed to acquire Australian cinema and theme park operator Village Roadshow for A$758 million ($543 million).

  • Australasia
  • 10 August 2020
BGH buys health centers from Australia's Healius for $341m

BGH Capital has agreed to acquire the primary care business of Australia’s Healius – comprising medical centers, GP practices, and dental clinics – for an enterprise valuation of A$500 million ($341 million).

  • Australasia
  • 15 June 2020
roller-coaster-theme-park
BGH submits revised offer for Australia's Village Roadshow

BGH Capital has been granted a four-week period of exclusive due diligence by Village Roadshow, having submitted a revised bid for the Australian cinema and theme park operator that is 40% lower than its original offer.

  • Australasia
  • 19 May 2020
dentist
BGH, OTPP pull out of New Zealand dentistry deal

BGH Capital and Ontario Teachers’ Pension Plan (OTPP) have scrapped plans to acquire New Zealand dentistry chain Abano Healthcare citing material changes caused by COVID-19.

  • Australasia
  • 31 March 2020
cinema-movie-audience
Village Roadshow suitors continue work despite coronavirus disruption

Pacific Equity Partners (PEP) and BGH Capital are continuing their due diligence on Australian cinema and theme park operator Village Roadshow despite the company experiencing difficulties due to coronavirus outbreak.

  • Australasia
  • 20 March 2020
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