Latest Private Equity & Venture Capital News
Up to $61m exit for smaller business specialist
06 Jul 2023 - Performance
A smaller business-focused private equity firm has agreed on an exit of up to $61 million for an investee it helped to almost triple in size over its investment period.
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An Australian listed company has received a $1.62 billion acquisition offer from a US firm which previously invested in the company and took it to an ASX listing.
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Agreement has been reached on private equity firm Allegro Funds' acquisition of PwC's Australian public sector advisory business.
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$75 million from an existing US investor will help an online pet supplies and services business continue to widen its range of products.
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Venture-backed tech company in administration
02 Jul 2023 - Performance
A technology company that raised more than $33 million in venture capital has been placed in administration after failing to raise additional capital to continue its scale-up.
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An additional $20.5 billion allocated by the federal government to green bank the Clean Energy Finance Corporation (CEFC) will go mostly to a program intended to promote rebuilding electricty transmission for renewable energy.
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Super fund shifts administration to fintech
30 Jun 2023 - Investee news
A leading industry super fund is to shift its outsourced administration services from the largest provider to a fintech company.
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Client relations executive swaps firms
29 Jun 2023 - People moves
A Sydney-founded global funds management firm has recruited a head of client solutions from a Melbourne-based firm.
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An ASX-listed investment and funds management company has taken a stake in a Singapore-based private equity firm with a track record of food chain investment.
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A Sydney private equity firm has raised more than $150 million for an environmental opportunities fund and made its first investment from the fund.
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A New Zealand deep-tech venture fund is to receive government funding of up to $NZ25 million.
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Venture firm invests in low emissions alternative to diesel power
27 Jun 2023 - Investment activity
Venture firm backs all-electric alternative to diesel power generation on construction sites.
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A private equity former owner will receive a substantial return as a result of the acquisition of an ASX listed company.
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An ASX-listed tourism company has recommended shareholders to accept a reduced private equity offer.
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Under-fire big four professional services firm PwC is to divest its Australian government consulting practice to private equity as it attempts to limit reputational damage from serious breaches of confidence within the division.
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An overseas strategic investor has led a $22 million funding round for a Sydney company that is commercialising improved materials and technology for the batteries used in electric vehicles.
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Super fund appoints chief investment officer
23 Jun 2023 - People moves
An $89 billion industry super fund has named its new chief investment officer.
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A local investment firm has contributed to a $US87 million fundraising round for a global weather forecasting company.
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Cannon-Brookes reduces investment in AGL
22 Jun 2023 - Performance
Mike Cannon-Brookes has reduced his stake in power generator AGL to pursue other climate change and renewable energy investments.
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An ASX-listed health insurance company plans to invest a further $24 million in an early-stage health services business as part of a wider plan to expand into health management.
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