Pacific Equity Partners
Crystal ball: Predictions for 2014
From fundraising and secondaries to deal flow and exit strategies, private equity professionals from across the region give their perspective on the year to come
PEP-backed Veda Advantage targets IPO
Pacific Equity Partners (PEP) is hoping to raise as much as A$340 million ($326 million) through a sale of new shares as it looks to launch the Australian IPO of credit-checking firm Veda Advantage this December.
Australia mining: Swings and roundabouts
The end of the commodities super-cycle in Australia has impacted both mining companies and the businesses that serves them. Private equity can benefit, but only if it digs deep
VIDEO: David Grayce of Pacific Equity Partners
Take-private opportunities emerge at certain points in a market cycle, driven by the cost of funding a deal – in debt and equity terms – versus the market valuation of the asset. In Australia another factor as also come to the fore in recent years: shareholder...
PEP-owned American Stock Transfer refinances debt – report
Pacific Equity Partners (PEP) is said to have tapped the US markets to refinance $480 million in debt held by portfolio company American Stock Transfer (AST). This is the third time in less than two months that firms owned by the Australian GP have completed...
Australia's PEP eyes US debt financing market
Pacific Equity Partners (PEP) is considering US refinancing options for several of its portfolio companies after a well received debt offering for movie theater chain Hoyts in May. The Australian GP is one of several to opt for US over domestic debt markets,...
Q&A: Pacific Equity Partners' Tony Duthie
As one of Asia’s more mature markets, Australia has a different offering to most in the regional basket. Tony Duthie, managing director at Pacific Equity Partners (PEP), discusses buyouts, leverage and co-investment
PEP-owned Hoyts seeks US debt financing
Australian movie theater operator Hoyts Group, which is owned by Pacific Equity Partners (PEP), is looking to raise $450 million in the US high-yield debt market. It is the latest in a string of Australian corporates to take advantage of strong liquidity...
AVCJ at 25: Tim Sims of Pacific Equity Partners
Tim Sims, a founder and managing director at Pacific Equity Partners, was part of the team responsible for Australia’s first-ever leveraged buyout in 1998. Fourteen years on, Australia is the regional hub for these deals
Australasian mid-market sees strong deal flow – AVCJ Forum
Private equity investors see considerable upside in Australia and New Zealand’s lower and mid-market despite fewer large deals than before the global financial crisis. This usually involves taking cash-strapped family-run businesses and improving processes...
AVCJ Australia webinar takes place Thursday
The opportunities and challenges facing Australian private equity will be discussed by a panel of industry experts at an AVCJ webinar on February 21. It begins at 11 a.m. (2 p.m. AEST) and will last for approximately 45 minutes. Audience members will...
PEP separates Braiform from portfolio company Spotless
Australia’s Pacific Equity Partners (PEP) has carved out coat hanger manufacturer Braiform from Spotless Group, the cleaning and catering contractor it acquired earlier this year. The company now reports directly to PEP.
Co-investment: Friends with benefits
Co-investment deals have been on the rise in recent years, enabling GPs to take on bigger deals and offer LPs fee-less returns. What is driving this trend and are such deals always a good idea?
Australia's PEP targets $3.6b for Fund IV
Pacific Equity Partners (PEP) is targeting up to A$3.5 billion ($3.6 billion) for its fifth fund, including A$2 billion of core equity and a further $1-1.5 billion earmarked for a co-investment pool.
PE & PR: A good citizen
Private equity globally is under more scrutiny from more directions than ever before, placing a higher value on good branding and reputation. Does the asset class also suffer from the same profile problem in Asia?
Why Australian take-privates are taking off
A renewal of interest in Billabong International from TPG Capital always seemed likely. When the PE firm first came calling in February with a A$3 per share buyout offer, Billabong’s management refused to budge from its valuation of $4 per share. The...
PEP buys Nestle's ice cream business
Australian private equity firm Pacific Equity Partners (PEP) has bought the Peters Ice Cream unit of Swiss food giant Nestle.
Q&A: Pacific Equity Partners' Tim Sims
Tim Sims, co-founder and managing director of Pacific Equity Partners, argues that Australia’s strong fundamentals make it an attractive market for buyouts, while perceptions of an over-reliance on China are misplaced
Australia's ASX may join bid for PEP's Link - report
Australia's bourse operator ASX may join the auction for Link Market services, the share registry owned by Pacific Equity Partners (PEP), in a deal that could be worth as much as $1.36 billion. If the transaction goes through, it would be Asia’s biggest...
PEP finally seals $752m Spotless buyout
Australian cleaning and catering contractor Spotless Group has accepted an A$720 million ($752 million) buyout offer from Pacific Equity Partners (PEP). The total consideration of A$2.71 per share is higher than the private equity firm’s original bid...
Spotless suspends shares ahead of news on PEP buyout bid
Spotless Group has suspended trading of its shares ahead of an announcement regarding Pacific Equity Partners’ (PEP) buyout offer for the cleaning services company. The private equity firm has reportedly improved its bid to A$745 million ($766.7 million)...
VIDEO: Pacific Equity Partners' Anthony Kerwick
The challenge facing private equity investors globally is twofold, says Anthony Kerwick, managing director at Australian GP Pacific Equity Partners. First, the operating environment today is very different from that of five years ago, which means the...
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
PEP wants investment partner for Link – report
Pacific Equity Partners (PEP) is reportedly looking to raise additional capital for portfolio company Link Group, which is valued at some A$1.4 billion ($1.48 billion).