New Zealand
Infratil rejects $3.8b AustralianSuper takeover offer
New Zealand-listed infrastructure investor Infratil has rejected a takeover offer from AustralianSuper that values it at around NZ$5.4 billion ($3.8 billion).
NZ Super, OTPP buy New Zealand pathology business
New Zealand Superannuation Fund (NZ Super) and Ontario Teachers’ Pension Plan (OTPP) have completed a NZ$550 million ($387 million) carve-out of Healthscope’s New Zealand pathology services business.
KKR buys majority stake in New Zealand animal health business
KKR has acquired Argenta, a New Zealand-based animal health services provider, for an undisclosed sum.
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.
Singapore e-scooter start-up gets Series A extension
Neuron Mobility, a Singapore-based e-scooter rental start-up, has secured $12 million in an extended Series A round as it accelerates expansion in Australia and New Zealand and prepares to enter the UK.
Portfolio: Pioneer Capital and Natural Pet Food Group
Pet ownership is no longer a hobby – it’s an emotional market in the same vein as mother-and-baby. Pioneer Capital knows that grain-based kibble will not do
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.
Australia's Blackbird launches New Zealand fund
Australia’s Blackbird Ventures has launched a NZ$60 million ($40 million) New Zealand-dedicated fund with a cornerstone investment of NZ$21.5 million from the government.
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.
Direct Capital, ACC back New Zealand logistics player
New Zealand PE firm Direct Capital and the government’s Accident Compensation Corporation (ACC) have taken a combined 50% stake in local logistics operator Mondiale for an undisclosed sum.
EQT revises offer for New Zealand’s Metlifecare
EQT has submitted a revised offer to acquire New Zealand retirement village player Metlifecare at a lower valuation after facing a legal challenge over its attempt to terminate a previously agreed deal.
Five V buys New Zealand software developer
Australian private equity firm Five V Capital has acquired a controlling stake in New Zealand employee management software provider Totara for an undisclosed sum.
Mercury buys Bauer Media’s Australia, New Zealand assets
Sydney-based private equity firm Mercury Capital has agreed to acquire the Australia and New Zealand assets of Germany’s Bauer Media, including an extensive magazine portfolio.
KKR recruits fundraiser for Australia, New Zealand
KKR has hired Nicholas Hyde from IFM Investors as a managing director in its client partner group, with responsibility for fundraising and client relationships in Australia and New Zealand.
EQT faces legal action after scrapping NZ aged care deal
New Zealand retirement village operator Metlifecare has filed legal action aimed at forcing EQT Partners to fulfill an acquisition that it decided to terminate due to COVID-19.
Blackstone-owned Burger King NZ enters receivership
The Burger King New Zealand franchise, which was acquired by The Blackstone Group for NZ$108 million ($86 million) in 2011, has been placed into receivership.
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.
Australian LPs and co-investment: Willing partners
The difficulties NZ Super encountered with its now-defunct global direct investment unit offer pointers for Australian LPs looking at how to resource and structure co-investment programs
LP interview: New Zealand's ACC
Accident Compensation Corporation is the biggest fish in Asia Pacific’s smallest pond. As a result, even a modest splash into private equity has created some noticeable waves
Deep GP-LP relationships not defined by co-underwriting - AVCJ Forum
Institutional investors in Australia and New Zealand are looking to establish deeper relationships with portfolio GPs – and while co-investment is part of the dynamic, it doesn’t necessarily stretch to co-underwriting.
Australia PE: Mindful entry
The thinking behind EQT’s decision to open a Sydney office sheds some light on the need among investors to bring more than firepower to a pricey and competitive market
New Zealand's Soul Machines raises $40m Series B
Soul Machines, a New Zealand-based company specializing in emotionally responsive artificial intelligence (AI), has raised a $40 million Series B round led by Temasek Holdings.
Anacacia takes stake in Australia logistics business
Anacacia Capital has made an investment of unspecified size in Direct Couriers, a courier and logistics services provider that operates in Australia and New Zealand.
New Zealand impact fund backs sustainable packaging player
New Zealand’s Impact Enterprise Fund (IEF) has confirmed an investment in local sustainable packaging supplier Grounded.