Latest Private Equity & Venture Capital News
A fintech start-up, launched less than 18 months ago, has been acquired by a UK company which recently entered the Australian market.
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Venture capital investee in administration
15 Oct 2024 - Performance
A drone delivery company in which at least six venture capital firms have invested has been placed in voluntary administration.
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A leading private equity firm has abandoned its investment in a business that operates some of Sydney's most famous restaurants.
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Companies owned by private equity firms are more likely to default on loans than other higher risk borrowers, Moody's Ratings has reported.
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Merger provides strong return for venture firm
11 Oct 2024 - Performance
A Sydney venture capital firm is to receive a substantial return from the merger of a Melbourne-based procurement software business with an Auckland-based rival.
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A venture-backed software company is to be acquired by a larger company in the business software space.
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Private equity stake in airline to be reduced
01 Oct 2024 - Performance
Bain Capital plans to reduce its investment in airline Virgin Australia, by selling a 25% stake to Qatar Airways.
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An Australian family office has joined with a global asset management firm to take a majority stake in Queensland Airports.
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A buyer has been found for a venture-backed superannuation fintech which had been expected to seek a new round of funding when backing for loss-making early stage tech businesses evaporated two years ago.
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A private equity firm has sold its remaining stake of just over 30% in an ASX-listed pathology services company.
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The proportion of private equity and venture capital held by The Future Fund has fallen but the sovereign wealth fund still sees private capital, especially in Australia, as an important area for future investment.
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A consortium of global investors is to acquire a large majority stake in an Australian data centres business for $23.5 billion, generating strong returns for investors.
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Super fund’s $1.1bn venture loss
27 Aug 2024 - Performance
Australia's largest industry superannuation fund has written off more than $1.1 billion on a US venture capital investment.
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Government investor in line for a 70x return
25 Aug 2024 - Performance
A government investor is in line for a 70x return with an ed-tech company accepting strategic investment from a US private equity firm.
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Uber to close acquired Australian business
23 Aug 2024 - Performance
Ride share company Uber is to close an Australian business it acquired only two years ago.
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Global payments company Klarna plans to re-launch the Laybuy buy-now-pay-later platform after acquiring the New Zealand assets of the company out of receivership.
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A growth capital firm has exited its stake in a school management software company to a global private equity firm.
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Graphic design unicorn acquires AI start-up
01 Aug 2024 - Performance
A locally founded unicorn has acquired a Sydney artificial intelligence start-up in a deal that might attract review by the Australian Competiton and Consumer Commission (ACCC).
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A private equity firm has exited its investment in an ice cream company to a financial consortium led by two former private equity executives.
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PE investee sold out of administration
23 Jul 2024 - Performance
A private equity investee company has been acquired out of administration by a rival business.
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