Pacific Equity Partners

Hoyts IPO postponed again

Nearly a year after Pacific Equity Partners (PEP) decided to delay the IPO of its Australian cinema investee Hoyts Group, due to inclement market conditions in 2010, the firm announced further delays, with a listing to come at an indefinite time.

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...

PEP begins bid for Tassal

Leading Australian buyout firm Pacific Equity Partners has announced its intention to acquire local ASX-listed salmon fishery and foods operation Tassal Group, requesting due diligence on the target.

Paine & Partners may be in frame for PEP's Tegel

US PE firm Paine & Partners may be the latest suitor for Pacific Equity Partners' New Zealand poultry investee Tegel Foods, in a potential secondary buyout that could fetch up to NZ$1 billion ($755 million), according to reports.

PEP's Hoyts cinema group acquires AMC

Pacific Equity Partners (PEP)-owned Australia cinema group Hoyts is to acquire rival group AMC for an undisclosed price – a development that comes two months after PEP announced the postponement of Hoyts’ IPO due to volatile market conditions.

NZ Yellow Pages showcases dangers of bull market LBOs

Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...

PEP denies NZ Griffin's Foods sale, confirms Tegel under review

Pacific Equity Partners has publicly denied that it will sell its New Zealand snacks and biscuits investee Griffin’s Foods, following reports by Australian media that the asset was up for sale alongside poultry business Tegel and cinema player Hoyts.

  • Exits
PEP no chicken with Tegel Foods exit

Pacific Equity Partners is seeking exit options for its New Zealand investee, poultry producer Tegel Foods, the country’s largest poultry producer, with a value estimated around A$600 million ($533.2 million), double the price that the ANZ private equity...

PEP considering Tegel Foods sale

Pacific Equity Partners is apparently considering strategic options for investee poultry producer Tegel Foods, including a divestment of shares, industry sources said, adding that the deal value could be worth more than A$600 million ($535 million).

Summer heat

The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...

PEP to postpone Hoyts float - reports

PE firm Pacific Equity Partners (PEP) is set to delay the IPO of its investee, Australian cinema group Hoyts, until next year in hopes of more stable market conditions, according to local reports.

Tim Sims of Pacific Equity Partners, Video 2

Tim Sims, Managing Director of Pacific Equity Partners, applauds vendors for not only turning the corner and selling their assets following a difficult 2009, but also making prices “full and fair” as they begin to reengage, and further discusses why...

Tim Sims of Pacific Equity Partners, Video 1

Managing Director of Pacific Equity Partners Tim Sims discusses how his firm stays true to the essence of private equity practice, and how these values are institutionalized in emerging talent in the industry

PEP-backed REDgroup faces covenant setback

Just months after it was touted as a strong candidate for a public float, private equity-backed New Zealand book retailer REDgroup Retail is expected to breach two out of three of its banking covenants, due to its inability to pay back lenders under the...

Yellow Pages auction up a gum tree?

Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than...

Unitas, OTPP ready NZ Yellow Pages for sale

Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...

Affinity exits Loscam in PRC trade sale

After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.

Affinity exits Loscam - to China Merchants

Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.