Private Equity

Report: Private Equity Horizons 2019

With dealmakers taking full advantage of highly accessible financing and a massive hoard of dry powder to close more buyouts than before, 2018 was one of the most active years ever for private equity in Australia. The mountain of dry powder competing for limited opportunities, combined with elevated EV/EBITDA multiples across many sectors, resulted in PE sponsors becoming increasingly creative and flexible in their capital deployment strategies. In response to the higher entry‑level valuations for quality businesses, buyside activity saw increased levels of public‑to‑private transactions, as cashed‑up general partners turned their sights to ASX‑listed targets trading at reasonable or attractive valuations. The private equity team at Allens reports on some key trends and sectors to look out for.

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Also read our 2018 and 2018 mid-year Horizons reports.

Our experienced Private Equity team provides legal services across Asia to leading private equity firms, venture capital investors, underwriters and financiers across the full range of private equity transactions.

Experience includes:

  • asset and company acquisitions;
  • management buy-outs and buy-ins;
  • leveraged buyouts;
  • fundraising and establishment of funds;
  • early and expansion-stage venture capital investment in both emerging and mature industries;
  • debt financing; and
  • exits via IPOs, trade sales, private placements etc.

Managing risks

We understand business cycles and investor risks and bring real value in formulating innovative and commercial ways to manage these risks and meet your investment needs. We work closely with clients to structure tax-efficient and regulatory-compliant investment vehicles, raise capital and manage portfolios.

Experience you can count on

With the experience, expertise and international professional networks to assist in every aspect of your investment strategy, our multi-disciplinary team, drawing on local and international experts in M&A, capital markets, banking and finance, funds management and tax, offers a flexible, focused and fully integrated range of services.

Our market-leading experience in public company takeovers and schemes of arrangement, is sought out by both local and international private equity firms to advise on some of the largest private equity deals in Australian history.

At the investment stage, our experience enables us to manage the due diligence process and advise on a structure that not only meets your investment needs, but which is going to support a successful exit.

When it comes to an exit, we seek to achieve optimum investment outcomes by drawing both on our knowledge of capital markets and trade sales and on our strong relationships with leading financial advisers and regulators in Australia and overseas.