CHAMP Private Equity
Bright Food Group targets acquisition within six months
China’s Bright Food Group may make an acquisition in Europe or Australia within six months, the firm’s chairman has said. Wang Zongnan told Bloomberg that potential targets include the food distribution and sugar industries.
Bondholders in CHAMP-backed Blue Star offered new deal
Blue Star bondholders have been offered the chance to participate in the printing firm’s restructuring on the same terms as major shareholder CHAMP Private Equity, The National Business Review reported. Should the latest proposal fail to win approval,...
CHAMP looks to sell Australian fuel transporter for $400m - report
CHAMP Private Equity is reportedly looking to sell portfolio firm International Energy Services (IES) for A$375 million ($405 million), and has attracted interest from Australian and Asian logistics firms in the sale.
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
CHAMP wants Bright Food to pay $638m for Manassen
CHAMP Private Equity is looking to sell Australia’s Manassen Foods to China Bright Food Group for around A$600 million ($638 million), Dow Jones reported, citing people familiar with the matter. An IPO remains a possibility if the trade sale doesn’t...
Bright Food linked to Manassen Foods bid
China’s Bright Food Group is in negotiations to buy Manassen Foods from CHAMP Private Equity, Reuters reported, citing two people with knowledge of the matter. Australian firm Manassen, which was acquired by CHAMP in 2006, is best known for Jelly Belly...
Castle Minerals issues shares for Ghana gold exploration
Castle Minerals has raised $4.8 million through an equity issue to Resource Capital Funds, a Denver-based PE fund focusing on the mining industry, as well as to existing shareholders.
PE targets Australian healthcare
AT A TIME WHEN PROFITABLE EXITS in Australia are difficult to achieve due to the lingering effects of the global financial crisis, private equity firms continue to rely on healthcare for returns. This strategy received a ringing endorsement last week...
Archer Capital wins race for Australian hospital group
Archer Capital has bought Healthe Care, Australia’s third-largest hospital group, from CHAMP Ventures for $240 million. Pacific Equity Partners was the only other serious bidder, with Quadrant Private Equity pulling out, the Australian reported.
Is Australian private equity headed down under?
A recent report suggests that the high value of the Australian dollar against the US dollar is making life difficult – i.e. more expensive – for private equity funds, which tend to operate in the US currency. Taxes imposed by the government on asset...
PE-backed Witchery to IPO in Oz
Australia’s Gresham's Private Equity is reportedly looking to list its mid-market clothing retail asset Witchery later this year in an effort to raise A$300 million. The move comes in a market where other PE-backed IPOs of Australian companies have...
Australian government boosts renewable energy focus
The Australian government has upped its backing of the country’s renewable energy category via A$100m ($106 million) investment into the Renewable Energy Venture Capital Fund (REVCF), allocated from the federal budget.
Victoria stops investing in PE
Victoria Funds Management Corporation, which manages funds for the State of Victoria, Australia, has announced that it will stop investing into private equity and will, instead, focus on infrastructure investing. The once-prominent limited partner, which...
VIDEO: Venture in Oz
AVCAL's Katherine Woodthorpe and CHAMP Private Equity's Bill Ferris explain to AVCJ TV why venture investing in Australia appeals, and why the industry on a whole still lags behind other PE investment avenues.
US firm launches Australasia-focused real estate fund
LA-based Jumpstart Capital Partners is to launch a PE real-estate focused unit that will initially target distressed and undervalued property-related investments in Australia and New Zealand.
VIDEO: PE experts discuss challenges in Oz
While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.
The Australian visionary
The Executive Chairman of CHAMP talks about why a focus on fees is short-sighted, why a return to traditional benchmarking is needed, and why the future of venture capital is bright
CHAMP Ventures exits TSmarine
CHAMP Ventures last week completed its first foray into the gas and oil sector, finalizing the sale of TSM Group Holdings Pty Ltd. and its subsidiaries (collectively TSmarine) to Fugro Holdings Australia Pty Ltd.
CHAMP Ventures exits TSmarine
CHAMP Ventures, the mid-market PE specialist that is part of Castle Harlan Australian Mezzanine Partners (CHAMP) Group, successfully completed its first foray into the gas and oil sector official on March 3, finalizing the sale of TSM Group Holdings Pty...
CHAMP raises stake in Blue Star
CHAMP Private Equity-controlled Blue Star Group, a trans-Tasman-Australia printing company, has reportedly received an additional capital contribution from CHAMP Private Equity, coming the same day that Blue Star announced that it would soon announce...
PE firms vie for meat producer - reports
Affinity Equity Partners is reportedly in competition with the likes of Archer Capital, Pacific Equity Partners (PEP) and CHAMP Private Equity to buy Australian meat producer Primo Smallgoods, Reuters reported, suggesting the company could fetch up to...
CHAMP Private Equity acquires Constellation Brands' UK and Australian business
Leading world premium wine purveyor Constellation Brands Inc. announced just before Christmas that it had reached agreement with Sydney-based CHAMP Private Equity to sell its UK and Australian interests (Constellation Wines Australia & Europe – CWAE)...
Healthcare Locums confirms purchase of CHAMP PE investee Healthcare Australia
UK-based Healthcare Locums has confirmed its acquisition of Healthcare Australia Holdings Pty, which is majority-owned by CHAMP Private Equity, via the payment of A$122.5 million ($118.6 million) in cash.
Returns, the second time around
The Asian secondary buyouts market is finding its feet, and investors their appetite, but true potential for value-add is still case specific