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Private equity

Yesterday

Lightning strikes twice for Brett Clegg

We were expecting decades to pass until we again saw deal fever in the financial PR space.

  • Joe Aston

Mirae poaches VC investor to ramp up Australian portfolio

Korean bigwig Mirae Asset Management will have its chequebook out for Australian venture capital investments, after poaching OneVentures investment director James McGrath for its local investments team. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

This Month

Private markets to double to $28 trillion by 2027

Private capital markets, encompassing private equity and private capital, have been booming over the past decade.

  • Silas Brown

Healthscope boss Steven Rubic to step down

Greg Horan, the managing director of Brookfield’s private equity group, will take over from next week as CEO.

  • Carrie LaFrenz

This man made hundreds of millions on coal, why is he selling now?

Trevor St Baker is ploughing the millions he made on coal into his electric vehicle charging network, but there are still plenty of buyers for fossil fuels.

  • Updated
  • Angela Macdonald-Smith
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Yarra seeks $100m (and five years) for pre-IPO fund

The timing of the Yarra Private Capital Discovery Fund is no accident. Led by David Acton, it will seek out private businesses emphasising growth and quality.

  • Updated
  • Vesna Poljak

Telehealth biz InstantScripts hunts for new owner; $200m sale tipped

The doctor’s recommended a new owner for InstantScripts, and the four-year-old telehealth business has brought in Lazard Australia to find one.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Livingbridge PE lines up in FiftyFive5 auction, taps Allens

Busy private equity group Livingbridge’s taking a close look at Mercury Capital’s marketing research services business FiftyFive5, which is up for grabs in an auction via E&P Corporate Advisory. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

TPG Capital hires Origin Energy exec as operations boss

Private equity outfit TPG Capital has poached from Origin Energy to replace Rob Speedie, who joined Novotech as CFO.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

The one asset class that has dodged rising rates

Chanticleer suspects super funds are hooked on the apparent ease with which they can control valuations to a much greater degree than the public markets.

  • Updated
  • Tony Boyd

Houlihan Lokey gets to work on Crescent Capital’s Hall Contracting

Crescent Capital’s Hall Contracting has kicked off its search for a new major shareholder, targeting private equity teams under pressure to put capital to work. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Bain Capital burns rubber at Tyremax, bids loom

Bain Capital’s private equity unit is trying to take lessons learnt from its Cleveland-based wholesaler Dealer Tire and put it to use in Australia.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Affinity Equity amuses itself with Quadrant’s TEEG

The Pan-Asian buyout firm is taking an early look at Timezone’s owner.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Next Capital gets Compare Club in $100m-plus deal, E&P on ticket

Mid-market buyout firm Next Capital has gone shopping for insurance against cost of living pressures.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

September

Rubbers hit the road in Lifestyles auction, PE finishes first

A US-based PE firm is in late-stage talks to acquire condom business LifeStyles Healthcare in a $US500 million-plus deal.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald
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Private equity to help keep campervan rental prices down

The ACCC has given the green light to a merger of Apollo and Tourism Holdings after a forced divestment to Jucy of $39 million of assets.

  • Simon Evans

CVC Capital bigwig in Aussie charm offensive

Global buyout bigwig CVC Capital Partners is cashed up and ready for big Australian M&A deals.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Ramsay shares slide as KKR talks officially dead

Australia’s biggest private hospital operator says it is still “open” to a buyout deal, but not one with a similar value to KKR’s latest effort.

  • Simon Evans

Burrito ambition: Guzman Y Gomez seeks $1.6b valuation in selldown

Guzman Y Gomez is seeking an eye-watering $1.6 billion valuation for the mexican food chain as they put a $150 million parcel of shares on the market.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Aware, Yarra cut cheques for PAG frozen pies and meals play

Investment bank Morgan Stanley has put some balance sheet on the line for PAG Asia Capital, underwriting its entry into the frozen section of Australia’s supermarkets.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood