Australia

Australia & Japan to Increase Fintech Cooperation

Australia & Japan to Increase Fintech ...

Australian financial authorities have announced a completion of a framework that will see them start cooperating with their Japanese counterparts. The framework is aimed at promoting innovation in the financial services sector, bringing the fintech sector in both countries ever closer to each other.   Details of the cooperation agreement   The Australian Securities and Investments Commission (ASIC) announced 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 [...]

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, [...]

Private Equity Firm Grabs an Australian Copper Mine

Private Equity Firm Grabs an Australian Copper Mine

  A joint venture, led by the private equity firm EMR Capital, has secured a deal to buy an Australian copper mine. EMR Capital is teaming up with Lighthouse Minerals in a deal worth $10.75 million. It is a relief for the mine and its owners Aditya Birla Minerals, which have struggled under the current slump in commodity prices.   [...]

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 [...]

CHAMP Private Equity Makes a Six-Fold Return

CHAMP Private Equity Makes a Six-Fold Return

Private equity firm CHAMP Private Equity can pop out the champagne, as the firm just recorded a near six-fold return from its investment. The firm made the profit on the sale of Accolade Wines share in Matthew Clark, UK’s biggest drinks distributor to pubs.   The Deal   Accolade Wines sold its 50% stake in Matthew Clark to Conviviality Retail. [...]

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 [...]

F1 – Iconic luxury goods brand

F1 – Iconic luxury goods brand

Debt free and with strong growth prospects A once-in-a-generation opportunity to acquire an established luxury brand, an iconic brand with an international reputation for bespoke couture pieces, design creativity, personalised service and its own in-house atelier The company was established in Australia in the 19th century, name that offers an inimitable one-on-one shopping experience, world class design and handcrafting of the highest quality, most [...]

Asia-Pacific PE Grows: China and Australia Dominate

Asia-Pacific PE Grows: China and Australia Dominate

McKinsey Study. The Asia Pacific region is now responsible for about USD50 billion in deals. After several years of declines, it climbed to a 17 percent share of global private equity, according to a McKinsey & Company private equity in the Asia-Pacific report, as reported by Financial Standard. Asia's share of the global private equity market was 11 percent . [...]

China Drives M&A Boom in Australia

China Drives M&A Boom in Australia

Zephyr’s M&A portal has a good feature on the current M&A activity in Australia. Activity is on an upswing because of China’s need for natural resources which has driven dealmaking, primarily in the mining sector.   According to data from Zephyr, seven such transactions worth a total USD 1,203 million were announced in the last month, representing the highest number [...]

KKR Aims for Australia’s Pacific Brands

KKR Aims for Australia’s Pacific Brands

Australian cyclicals a target for PE take-privates, says Reuters. KKR has made an unsolicited offer for Australia's Pacific Brands, which owns Everlast, Clark, Berlei, and several other well-known brands in a deal that could be worth $614 million, reports Reuters. Private equity firms have been active in Australia in recent months because cyclical goods are trading at a discount. The [...]