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Private equity

Today

FNZ, which is the subject of legal action in NZ, is led Blythe Masters.

FNZ wealth management hit with $7b lawsuit from staff shareholders

The legal action against the company, which counts ANZ and CareSuper among its customers, is one of the biggest in value ever straddling Australia and NZ.

Fighting over Webjet is continuing. And helping Helloworld investors.

Andrew Burnes flying high in Webjet battle

A happy side effect of the former Liberal Party treasurer’s corporate scrap with Ben Gray and Gary Weiss appears to be improved earnings for Helloworld.

Yesterday

Commuters at a Sydney Metro Northwest station.

First round offers loom for UGL’s $100m EBIT transport biz

According to the flyer distributed by Macquarie, UGL offers its buyer a chance to work across the entire value chain.

Dan Collins founded GenesisCare in Brisbane.

GenesisCare US cancer clinic sale to TPG ends painful chapter

Owner Oaktree Capital is selling the Australian company’s Florida and North Carolina clinics for a fraction of their former value.

Private equity giant KKR takes $500m punt on solar and storage start-up

The investment will give the Sydney-based outfit $1 billion of funding capacity to chase untapped markets for rooftop solar and batteries.

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This Month

Tony Schultz, managing director of North Harbour Clean Energy, and Grant King, chairman

Soul Patts invests in big battery developer North Harbour

The diversified investor will end up with about a one-third share of a long-duration energy storage play led by former KKR Australia MD Tony Schultz.

New Perpetual chairman Greg Cooper at the company’s AGM in October.

Race for Perpetual wealth narrows as Bain Capital walks

Bain Capital’s exit leaves Perpetual negotiating with Oaktree-backed financial planner roll-up AZ Next Generation Advisory.

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The top super funds made double-digit returns. Is yours among them?

Strong performance across assets boosted retirement savings in the last financial year. Providers say active management may play a bigger role in the next 12 months.

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.

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.

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.

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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.

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