Potentia Capital
Potentia withdraws from talks to buy Australia-listed Tyro
Australia-based specialist B2B technology investor Potentia Capital has withdrawn from talks to acquire listed payments software provider Tyro Payments – marking the second time attempts to reach an agreement have failed.
Australia's Potentia wins majority shareholder approval for Nitro bid
Potentia Capital has secured support from more than half of Nitro Software’s shareholders for a take-private bid that values the listed Australian company at up to approximately AUD 552m (USD 370m).
Asia co-investment: Gun-shy LPs?
Overallocation, risk aversion, and troubleshooting existing deals have prompted some LPs to pull back from co-investment in Asia. Others are willing to step in, but the market is selective
AVCJ Awards 2022: Fundraising of the Year – Mid Cap: Potentia Capital
For Australia’s Potentia Capital, the beauty of its sophomore fundraise was not that it took four months, but that it took two years. Putting out feelers well before the official launch created buzz
Potentia makes improved buyout offer for Australia's Nitro
Potentia Capital has submitted a new bid for Nitro Software that values the listed Australian business at approximately AUD 532.3m and eclipses a competing offer from a strategic investor.
Potentia gains due diligence access to Australia's Nitro
Potentia Capital has been invited to perform due diligence on buyout target Nitro Software after trumping a rival bid for the listed Australian company, ending months of board resistance to its overtures.
Australia's Potentia contests Nitro merger plan
Potentia Capital has appealed a decision by Australia’s Takeovers Panel not to intervene in a situation that has seen Nitro Software repeatedly rebuff acquisition proposals made by the private equity firm.
Australia's Potentia backs telecoms technology player
Australia’s Potentia Capital has paid AUD 66.3m (USD 44.9m) for a 25% stake in Soprano Design, a local mobile messaging technology provider that counts Telstra and AT&T as its carrier partners.
2023 preview: Australia PE
Market pressures on Australian businesses, including an increasingly serious labour shortage, are a challenge and opportunity for domestic private equity. So is China, but in less discernible ways
Australia's Potentia pursues two technology take-privates
Australia-based specialist B2B technology investor Potentia Capital appears to be continuing its pursuit of two listed companies – Nitro Software and Tyro Payments – despite several rejections.
Potentia, HarbourVest move for Australia's Nitro Software
Australia-listed productivity software provider Nitro Software has rejected a AUD 386m (USD 263m) buyout offer from Potentia Capital and HarbourVest Partners.
Potentia agrees $623m exit from Australia's Micromine
Australia’s Potentia Capital has agreed to exit its position in local mining software provider Micromine to UK-based industrial software player AspenTech in a deal worth AUD 900m (USD 623m).
Fund focus: LPs endorse Potentia’s software thesis
Potentia Capital took just four months to close its second fund on USD 438m, emphasizing the growing appeal of B2B technology opportunities in Australia and New Zealand
Australia’s Potentia closes Fund II on $438m
Australian technology-focused private equity firm Potentia Capital has achieved a first and final close of AUD 635m (USD 438m) on its second fund, hitting the hard cap and beating a target of AUD 500m.
Potentia joins round for Australia construction tender platform
Australia’s Potentia Capital has joined a AUD 35m (USD 25m) round for local construction tender and procurement platform EstimateOne.
2022 preview: SaaS
Software-as-a-service continues to benefit from a digitalization push across multiple markets. Investors are looking for differentiation in a market characterized by high valuations and intense competition
Potentia exits Australia SaaS provider to UK strategic
Australia’s Potentia Capital has exited compliance software-as-a-service (SaaS) supplier CompliSpace to UK-based Ideagen for about A$110 million ($81 million) after a less-than-two-year hold.
TPG, Potentia pursue Australia's Smartgroup
TPG Capital and Potentia Capital have submitted a buyout offer for employee management services provider Smartgroup that values the Australia-listed business at a market capitalization of A$1.38 billon ($993 million).
Deal focus: Potentia exits Ascender, closes debut fund
Potentia Capital's debut fundraise was given extra impetus by an impending exit from Australia-based software provider Ascender, which delivered a 30x return
US strategic to buy PE-backed Australia payroll business
Ceridian, a US-based human resources technology provider has agreed to acquire Australian payroll software specialist Ascender, setting up exits for Potentia Capital and Five V Capital.