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EQT has second Iress bid rejected, this time valuing company at A$2.96bn

Private equity major EQT has had two bids for Australian financial software provider Iress rebuffed, with the latter valuing the company at up to A$2.96bn. The post EQT has second Iress bid rejected, this time…

King River holds $95m Fund 2 first close, expects full reup from Fund 1 investors

Tech-focused venture capital firm King River Capital held a first close for its second fund with $95m of commitments - and is expecting full participation from existing LPs. The post King River holds $95m Fund…

KKR, OTPP move closer to Spark buyout with improved $3.78bn buyout offer

A consortium including buyout giant KKR and the Ontario Teachers' Pension Plan has moved a step closer to a buyout of Australian electricity infrastructure business Spark at a roughly A$5.13bn ($3.78bn) valuation. The post KKR,…

Partners Group to acquire 11 Travelodge hotels in Australia for AUD620m to seize COVID-19 opportunities

Private equity major Partners Group has agreed to acquire a portfolio of eleven Travelodge hotels in Australia for AUD 620m to seize the opportunity of discounted assets from COVID-19 to capitalize on the long-term relative…

KKR to Invest in Leading ANZ Edtech Company Education Perfect

DUNEDIN, New Zealand & SYDNEY--(BUSINESS WIRE)-- Leading Australian and New Zealand education technology (“edtech”) company Education Perfect (“EP” or the “Company”), global investment firm KKR, and Australia-based private equity firm Five V Capital today announced…

L Squared Sells Kanopy to KKR’s OverDrive

L Squared Capital Partners has sold Kanopy, a provider of video streaming services, to OverDrive, a portfolio company of KKR. Kanopy’s video streaming service provides public and academic libraries with free access to more than…

L Squared Sells Kanopy to KKR’s OverDrive

L Squared Capital Partners has sold Kanopy, a provider of video streaming services, to OverDrive, a portfolio company of KKR. Kanopy’s video streaming service provides public and academic libraries with free access to more than…

Wind Point Closes its Largest Fund

Wind Point Partners has held a hard-cap close of the firm’s ninth fund, Wind Point Partners IX LP, with approximately $1.5 billion in capital commitments. This is the largest fund ever raised by Wind Point.…

Bain Capital and Pantheon form direct lending JV

The firms will provide private direct-lending solutions to middle-market borrowers, primarily across Europe and Australia

Pantheon credit arm, Bain Capital Specialty Finance launch mid-market direct lending JV

Bain Capital Specialty Finance has teamed up with Pantheon's private credit business to provide private direct lending solutions to mid-market borrowers across Europe and Australia.

JPM appoints Aus ECM co-heads

JP Morgan has named Simone Haslinger and Jonas Troeber as the co-heads of its equity capital markets business in Australia and New Zealand.

Credit Suisse nabs HSBC banker

Credit Suisse has hired a new head of debt capital markets for Australia.

Deutsche gives Morgan top Aus job

Deutsche Bank has named Glenn Morgan as chief executive for its Australia business, giving the veteran banker the position on a permanent basis.

Big banks lead SBI bond despite Adani controversy

Six major investment banks lead managed on Wednesday a dollar bond issue for State Bank of India which critical investors believe could indirectly facilitate or encourage financing of the controversial Carmichael coal mine being developed…

New distressed debt fund poised as billions go bad

Opalesque Industry Update, for New Managers - Distressed debt and special situations specialists Arbitrium Capital Partners formally opened its doors in Sydney today, poised to find turnaround deals among the thousands of Australian companies that…

IFM makes debut Growth Fund deal by backing construction payment management business Zuuse

IFM Investors’ new private equity Growth Fund has made its first transaction by taking a significant minority interest in construction payment management software provider Zuuse.

Ares Management offers to buy AMP

Ares Management has offered to buy scandal-ridden wealth manager AMP in a bid that some think could kick off a bidding war. Los Angeles-based Ares Management manages about $179bn and has reportedly made a non-binding…

Australian banking supremo Gonski joins ex-PM Gillard as latest Leapfrog Investments advisor

Emerging markets-focused LeapFrog Investments has named ANZ Banking Group chairman David Gonski to its global leadership council.

UK will not return to the negotiating table post-Brexit transition period

The Prime Minister's spokesman's comments come as talks with the bloc failed last week and the UK seeks an 'Australian style' agreement

UOB turns to Aussie dollars for latest bond

Singapore’s United Overseas Bank issue a A$500m ($362.2m) bond in Australia on Friday, as a lack of financial paper in the market drove investor demand.

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