Markets: Australia & Oceania

Fintech Startup Airwallex Gets $13 Million in Funding

Fintech Startup Airwallex Gets $13 Million in ...

Australian fintech startup Airwallex just managed to raise funds from a number of global investors. It secured $13 million in total funding, as the startup continues to expand its cross-border payment business overseas.   A successful funding round   The funding round managed to attract plenty of foreign investment from some of the biggest names in global commerce. Airwallex was [...]

Modest Start to Global Fintech Investment in Q1 2017

Modest Start to Global Fintech Investment in Q1 2017

KPMG has published its Pulse of Fintech, which covers the global fintech industry performance for Q1 of 2017. KMPG’s research finds global fintech investment to have a modest, yet solid start to the year, with a few strong performers to lead the way.   Global fintech investment falls slightly   The KMPG research shows the first three months of the [...]

Australian Fintech Startups Celebrating

Australian Fintech Startups Celebrating

Australian fintech startups are having a good year. Investment has been increasing and the industry is becoming a mainstream player in the AUS$150 billion financial services sector. What’s ahead for the industry now?   Strong investment drives the change   Much of the strength in the industry has been driven by increased investment in Australian fintech startups. In 2015, the [...]

Private Equity Brews Another Big Investment

Private Equity Brews Another Big Investment

TSG Consumer Partners announced it has bought a stake in a UK craft beer company. The deal leaves the US private equity firm with a 22.3% stake in BrewDog, with the brewer already considering an initial public offering.   The deal's finer details   BrewDog started in 2007 when founders James Watt and Martin Dickie began their venture in the [...]

TPG’s Plans to Buy Fairfax Media Stalled, But Not Scrapped

TPG’s Plans to Buy Fairfax Media Stalled, But Not ...

Private equity firm TPG might have suffered a blow to its plans of taking over Fairfax Media, but the US-based firm is unlikely to walk away from plan altogether. The Australian publisher still has value to offer for the firm but its next move is not known.   Surging stock price to stall the buyout attempts   DealMarket reported on [...]

Australia’s Fairfax Media Targeted by Private Equity

Australia’s Fairfax Media Targeted by Private ...

Private equity firm TPG Capital is looking to make a move on the Australian Fairfax Media Ltd. The news of a possible bid broke out on Wednesday and the shares in Fairfax Media saw an immediate boost. However, TPG might not have set its eyes on the whole organisation and a possible sale might result in the breakup of the [...]

Asian Private Equity Market Facing Uncertainty

Asian Private Equity Market Facing Uncertainty

The private equity market in Asia-Pacific (APAC) has been growing steadily, but the ‘buy low, sell high’ era might be about to end. According to Bain & Company’s latest reporting on private equity performance in the region, the industry could be facing higher uncertainty and APAC would need to continue its resilient march to identify new sources of value to [...]

Private Equity to Test Investor Appetite in Australia

Private Equity to Test Investor Appetite in ...

  The volatile stock market has resulted in a muted investor appetite, but private equity-backed companies have remained a bit more upbeat. While initial public offerings have not been the chosen route for many firms, especially in Australia, the mood might be about to change.   Private equity firm, Pacific Equity Partners (PEP), has launched its IPO of Link Group, [...]

PE Firm Crescent Capital Partners Bids for Struggling Cardno

PE Firm Crescent Capital Partners Bids for ...

The Australian private equity firm Crescent Capital Partners has launched a bid for the engineering group Cardno. The bid is for a proportional takeover and it would value the struggling company over A$520 million.   Increasing Its Share   The private equity firm acquired a 19.9% stake in the company earlier this year. On Monday, the firm announced its plan [...]

Hunting Green Unicorns and Other Ways to Make Capital Deliver Super Returns

Hunting Green Unicorns and Other Ways to Make ...

A new breed of investor is pursuing a "triple bottom line" strategy, including in their due diligence an analysis of the social, environmental and governance  risks and impacts of investments. As result, there are new opportunities for investing in transportation networks, alternative energy infrastructure, textiles and even farmlands. The motivation is to make money on the deals but also to [...]

Australian Private Equity Industry Set for a Debate

Australian Private Equity Industry Set for a Debate

  The Australian private equity industry is faced with plenty of turmoil. Private equity funds have plenty of capital to deploy, but the competitive market is making it hard to find enough profitable acquisitions. On top of this, the fee structure is under scrutiny in Australia, just like it is elsewhere in the world. The above topics are surely one [...]

Private Equity Firm to Retain Stake in Costa Group After IPO

Private Equity Firm to Retain Stake in Costa Group ...

  Fruit and vegetable group and supplier, Costa Group, is heading towards an initial public offering within the next month. The company, which is Australia’s biggest in the sector, is expected to offer around 60% of its shares as part of the listing. Private equity firm Paine & Partners is reportedly going to hold on to a 20% stake in [...]

Australia’s Bradken Rejects Another Private Equity Bid

Australia’s Bradken Rejects Another Private Equity...

Australia’s mining equipment and machinery maker Bradken has turned down a $325 million (A$428m) offer by private equity firm Pacific Equity Partners and Koch Industries. This isn’t the first time the company has turned down a private equity offer in the recent months and the move is another strong indicator of how much the mining and natural resource sector is [...]

Private Equity-Led Consortium Buys Australian Finance Unit

Private Equity-Led Consortium Buys Australian ...

The consumer-lending arm of GE Capital Australia has been sold to a consortium led by private equity firm KKR. The financial unit, which is operating in Australia and New Zealand, provides personal loans, credit cards and interest-free retail finance services. The deal’s value stood at $6.3 billion.   Consortium of Financial Giants The consortium is led by the US-based private [...]

How Currency Volatility Impacts Private Equity Firms

How Currency Volatility Impacts Private Equity Firms

The past few weeks have seen plenty of speculation that China might be about to devalue the yuan. Although private equity firms don’t typically need to worry about currency fluctuation and volatility, the prospect of devaluation could potentially cut of profit margins for many of the worlds PE funds. So how serious is the impact of currency volatility and what [...]