Street Talk

Strategics stalk $75m-a-year CyberCX; BGH in softly, softly approach

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 11, 2024 – 6.07pm

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Private equity needs plenty of exits in 2024 and BGH Capital is no exception. The Melbourne buyout firm needs to keep things chugging along as its distribution to paid-in – jargon used by private equity types to measure realised returns from a fund relative to invested capital– is absurdly low. Put simply, they’ve taken a chunk of cash from investors and not given much joy back.

John Paitaridis, CEO of CyberCX, at the 2023 Australian Open in Melbourne. CyberCX is the tournament’s official cybersecurity partner. Tennis Australia/ MARK DADSWELL

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.