Private Equity

In this section

With dealmakers taking full advantage of highly accessible financing and a massive hoard of dry powder to close more buyouts than before, the private equity market continues to drive deal activity in Australia, attracting attention from both foreign and local players.

The mountain of dry powder competing for limited opportunities, combined with elevated EV/EBITDA multiples across many sectors, means PE sponsors are becoming increasingly creative and flexible in their capital deployment strategies.

How we can help

Assisting in every aspect of your investment strategy

Our highly regarded private equity team has significant experience advising global and domestic private equity sponsors across the investment lifecycle, from establishment, complex buyouts, distressed investments, minority stakes, bolt-on acquisitions, take-privates, leveraged and syndicated financing, through to eventual exit, whether that be through initial public offering or divestment.

We also work closely with clients to structure tax-efficient and regulatory-compliant investment vehicles, raise capital and manage portfolios.

Focused advisers to the private equity sector

We have a team of lawyers dedicated to advising private equity sponsors. Our multi-disciplinary team understands the motivations and strategies of sponsors, investors and financiers, and our deal management approach reflects this, ensuring efficient service, executed with precision and in accordance with your timetable. We understand business cycles and investor risks and bring real value in formulating innovative and commercial solutions to manage these risks and meet your investment needs.

Bench strength to manage the most complex transactions

In response to the higher entry‑level valuations for quality businesses, we are continuing to see sponsors turn their sights to ASX‑listed targets. Our market-leading experience in public company takeovers and schemes of arrangement has seen our team advise on some of the largest and most complex PE take-privates and consortium bids in Australian history.

Bringing a strong understanding of investor needs to our work for you

In addition to our strong practice advising sponsors, we also have a strong investor practice enabling us to bring investor insights and a deeper understanding of investor needs to our work for you.

You may also be interested in...

Private Equity Horizons 2019

13 June 2019

In 2019, the Australian private equity market looks to become ever more complex as it continues to surge. We report on some key trends and sectors to look out for.

Experience

PEP's take-private of LifeHealthcare

Advised Pacific Equity Partners in relation to the acquisition of ASX listed LifeHealthcare Group Limited by scheme of arrangement.

Cerberus' first acquisition in the Australian market

Advised Cerberus Capital Management on its acquisition through share sale of the Asia‑Pacific arm of Bluestone Group, a mortgage lending and loan servicing business.

MSIP's acquisition of PEXA

Advised Morgan Stanley Infrastructure Partners on its proposed acquisition, alongside consortium members, of Property Exchange Australia Limited (PEXA), the national real estate transaction settlements exchange.

TPG's acquisition of Safe Work

Advised TPG on the acquisition of pathology business Safe Work Laboratories.

Divestment of Evolution Healthcare to PEP

Advised Goldman Sachs Special Situations Group as vendor on the sale of its 40% interest in Evolution Healthcare Group to Pacific Equity Partners for US$212million.

KKR's Australian Venue Co. joint venture with Coles

Advised global investment firm KKR and its portfolio company Australian Venue Co. on the establishment of an incorporated joint venture, Queensland Venue Co., with Coles Group.

Establishment of Pacific Equity Partners' $1 billion Secure Assets Fund

Advised Pacific Equity Partners on the establishment of a $1 billion fund targeting asset-backed investments with secure revenue flow.

Advent International's acquisition of Zip Water

Advised on its acquisition of Australian taps and water systems business Zip Industries.

PEP acquisition of Allied Mills

Advised Pacific Equity Partners on the acquisition of Allied Mills, Australia's leading manufacturer of flour, bakery premixes and specialty frozen par-baked bread products.

Bain Capital's acquisition of Camp Australia

Advised Bain Capital on its acquisition of Camp Australia, a leading provider of outside school hours care programs.

Archer Capital's disposal of Healthe Care Australia

Advised on the $938 million sale of Healthe Care, Australia's third largest private hospital operator, to Luye Medical Group.

PEP's disposal of Peter's Ice Cream

Advised Pacific Equity Partners on its acquisition of the Peters Ice Cream brand. Also advised on its subsequent sale to leading European ice cream manufacturer, R&R Ice Cream.