NewsBite

Private equity

Yesterday

The Sydney Desalination Plant has delivered 246 billion litres of drinking water since 2019.

Sale flyer for $2.5b Sydney Desal hits inboxes

Dealmakers, get a pot of coffee brewing. Barrenjoey has dropped news details for the sale of Sydney Desalination Plant.

This Month

Scott Hartley’s Insignia had fielded competing offers from private equity players Bain Capital and CC Capital.

CC Capital swimming in debt for MLC buyout

CC’s debt package, negotiated through slightly wobbly-if-not-improving markets, is now the bedrock its $3.3 billion entry into Australia’s wealth market. 

(L-R) Frank Heckes, head of private equity ANZ, Ken Wong, head of Asia  Pacific infrastructure

Binding bids incoming for IT services outfit Nexon Asia Pacific

Sydney buyout firm Pacific Equity Partners is duking it out with local rival Adamantem Capital for the EQT-owned business.

Co-founders of Revolution Asset Management David Saija, Simon Petris and Bob Sahota.

Revolution launches roadshow for $300m private credit LIC

The firm kicked off a two-week early look roadshow for private credit trust on Monday.

Healthscope CEO Tino La Spina is planning a bid for the business to buy itself and become a not-for-profit operator.

Healthscope lays the groundwork for not-for-profit status

The hospital operator is exploring applying to the Australian Charities and Not-for-profits Commission to become a registered organisation.

Advertisement
Private equity is increasingly dominating wealth management.

Meet the Wall Street deal legends behind the sale of MLC

The private equity firm that’s nabbed MLC owner Insignia Financial has two titans driving its latest deal. They’ll need plenty of patience.

Simon Holmes à Court, Climate 200 founder, is an early backer of Future Group.

Future Group to launch secondary sale at $280m valuation

Street Talk understands Future Group will go to its investors later today to announce a secondary sale.

Ellerston Capital’s David Keelan is banking on a killer paydown from NOJA Power.

NOJA Power process down to the short strokes: Blackstone bankers up

Blackstone and EQT are through to the second stage, with the former understood to have hired Michael Stock’s Jefferies Australia.

Gary Weiss serves as non-executive chairman at Cromwell Property Group.

Brookfield snaps up 19.9pc interest in Cromwell Property Group

Brookfield acquired the 19.9 per cent stake at 38¢, a 4.1 per cent premium to Friday’s close, via Goldman Sachs’ equity desk.

Cedar Pacific CEO Bernie Armstrong.

PE-backed student living developer Cedar Pacific hits fundraising trail

The Brisbane-based fund manager has hit the pavement to raise a $100 million-plus fund from wealthy families and investors.

Sean O’Neill and Lucas Couper co-founded Nash Advisory in 2016.

No brake for Nash Capital as it signs second deal from growth fund

Nash has turned up as the first outside investor in Clear21, and its investment will help it expand into the United Kingdom.

CyberCX chief strategy officer Alastair MacGibbon and CEO John Paitaridis.

Goldman Sachs stays close to PE-backed cybersecurity giant CyberCX

Australia’s largest cybersecurity provider is laying the groundwork for a sale process.

Mark De Ambrosis is co-founder and managing director of Armitage Associates.

Armitage readies healthtech for sale, tapping Houlihan Lokey

Mark De Ambrosis’ Armitage first bought into MYP in December 2020, acquiring a stake just north of 50 per cent.

Investment manager Alceon and retail consultancy Aktiv have acquired The Strand Coolangatta, a four-level shopping centre on southern Gold Coast, for $142 million.

Alceon follows wealthy downsizers to Coolangatta with $142m retail buy

The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.

Planet Innovation CEO Stuart Elliott.

Singapore contract manufacturer lands at PE-backed Aussie medtech

Singapore-based contract manufacturer Meiban Group has taken a 20 per cent stake in Planet Innovation.

Advertisement
Raise a glass to AVC boss Paul Waterson.

Raise a glass to $2b Australian Venue Co; new PE investor incoming

The price that CVC is expected to pay values the business at an enterprise value of about $2.1 billion, the sources said.  

Wild Oats XI leads Infotrack at the start of last year's Sydney to Hobart.

How Regal’s Global Small Companies Fund made 15pc in June

Hint: around a quarter of the fund’s monthly return came from a single unlisted position.

Scott Hartley’s Insignia has fielded competing offers from private equity players Bain Capital and CC Capital.

CC Capital’s $3.4b Insignia bid: not dead, but still no deal

Street Talk understands CC Capital was still working away on a deal on Monday.

Perennial backs mattresses and furniture seller Koala across a range of its private equity funds.

Perennial’s two-speed market: IPO wins but nervous time for early backers

PPP1 was launched in 2019 and deployed across 2020 and 2021, when private equity valuations skyrocketed and interest rates were near zero.

 Airtree co-founder Daniel Petre says more deals will be done, but that some will be out of necessity.

Start-up dealmaking hits $2.9b this year, almost equal to entire 2024

For two years, a listing on the ASX has been an unattractive option for many of the funds backing early-stage businesses. Now there’s hope this will change.

Original URL: https://www.afr.com/topic/private-equity-huj