Jump to content

Pacific Equity Partners: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
added info on current investments
m Deleting reference to ACG as a current investment because it has been sold.
Line 24: Line 24:
PEP has made more than 30 operating company investments as well as 100 bolt-on acquisitions since its founding.<ref name=":0" /> Among the firm's historical investments are [[Hoyts]] (sold to [[Wanda Cinemas]] in 2015),<ref>{{Cite web|url=https://www.abc.net.au/news/2007-09-24/hoyts-to-be-sold-to-private-equity-group/678720|title=Hoyts to be sold to private equity group|date=2007-09-24|website=ABC News|language=en-AU|access-date=2019-04-09}}</ref> [[REDgroup Retail]] ([[Angus & Robertson]], [[Whitcoulls]], [[Borders Group|Borders Pacific Region]], defunct in 2011), Independent Liquor (sold to [[Asahi Breweries]] in 2011),<ref>{{Cite web|url=https://dealbook.nytimes.com/2011/08/18/asahi-to-buy-new-zealand-liquor-company/|title=Asahi to Buy New Zealand Liquor Company|last=|first=|date=18 August 2011|website=DealBook|language=en|archive-url=|archive-date=|dead-url=|access-date=2019-04-09}}</ref> Godfreys, [[Griffin's Foods]] (acquired from [[Danone]] in 2006 and sold to [[Universal Robina]] in 2014),<ref>{{Cite web|url=https://www.theage.com.au/business/pacific-equity-buys-griffins-foods-20060401-gdnabc.html|title=Pacific Equity buys Griffin's Foods|date=2006-04-01|website=The Age|language=en|access-date=2019-04-09}}</ref> [[Frucor]] (sold to [[Suntory]] in 2008), [[Peters Ice Cream]] (sold to [[R&R Ice Cream]] in 2014) and [[Tegel Foods]] (acquired in 2005 from [[Heinz]] and sold to [[Affinity Equity Partners]] in 2011).<ref>{{Cite web|url=https://dealbook.nytimes.com/2010/08/20/pacific-equity-mulling-options-for-tegel/|title=Pacific Equity Mulling Options for Tegel Foods|last=|first=|date=20 August 2010|website=DealBook|language=en|archive-url=|archive-date=|dead-url=|access-date=2019-04-09}}</ref>
PEP has made more than 30 operating company investments as well as 100 bolt-on acquisitions since its founding.<ref name=":0" /> Among the firm's historical investments are [[Hoyts]] (sold to [[Wanda Cinemas]] in 2015),<ref>{{Cite web|url=https://www.abc.net.au/news/2007-09-24/hoyts-to-be-sold-to-private-equity-group/678720|title=Hoyts to be sold to private equity group|date=2007-09-24|website=ABC News|language=en-AU|access-date=2019-04-09}}</ref> [[REDgroup Retail]] ([[Angus & Robertson]], [[Whitcoulls]], [[Borders Group|Borders Pacific Region]], defunct in 2011), Independent Liquor (sold to [[Asahi Breweries]] in 2011),<ref>{{Cite web|url=https://dealbook.nytimes.com/2011/08/18/asahi-to-buy-new-zealand-liquor-company/|title=Asahi to Buy New Zealand Liquor Company|last=|first=|date=18 August 2011|website=DealBook|language=en|archive-url=|archive-date=|dead-url=|access-date=2019-04-09}}</ref> Godfreys, [[Griffin's Foods]] (acquired from [[Danone]] in 2006 and sold to [[Universal Robina]] in 2014),<ref>{{Cite web|url=https://www.theage.com.au/business/pacific-equity-buys-griffins-foods-20060401-gdnabc.html|title=Pacific Equity buys Griffin's Foods|date=2006-04-01|website=The Age|language=en|access-date=2019-04-09}}</ref> [[Frucor]] (sold to [[Suntory]] in 2008), [[Peters Ice Cream]] (sold to [[R&R Ice Cream]] in 2014) and [[Tegel Foods]] (acquired in 2005 from [[Heinz]] and sold to [[Affinity Equity Partners]] in 2011).<ref>{{Cite web|url=https://dealbook.nytimes.com/2010/08/20/pacific-equity-mulling-options-for-tegel/|title=Pacific Equity Mulling Options for Tegel Foods|last=|first=|date=20 August 2010|website=DealBook|language=en|archive-url=|archive-date=|dead-url=|access-date=2019-04-09}}</ref>


Some of the firm’s current investments include education provider ACG, <ref>[https://www.afr.com/street-talk/pep-signs-nz530m-deal-to-acquire-academic-colleges-group-20150826-gj8m4z “PEP signs NZ530m deal to acquire Academic Colleges Group”], “Australian Financial Review”, August 26, 2015. </ref> Patties Foods, <ref>[https://www.afr.com/street-talk/pacific-equity-partners-in-advanced-discussions-to-acquire-asxlisted-patties-foods-20160529-gp6j1f “PEP in advanced discussions to acquire ASX listed Patties Foods”] “Australian Financial Review”, 29 May 2016.</ref> iNova Pharmaceuticals, <ref>[https://www.afr.com/business/banking-and-finance/inova-pharmaceuticals-sold-to-pacific-equity-partners-the-carlyle-group-20170608-gwno9e “iNova sold to PEP, the Carlyle Group”] “Australian Financial Review”, 9 June 2017.</ref> medical devices group LifeHealthcare, <ref>[https://www.allens.com.au/med/pressreleases/pr25may18-01.htm “Allens advises PEP on acquisition of LifeHealthcare”] from Allens Media Release, 25 May 2018.</ref> smart metering company IntelliHUB, <ref>[https://www.landisgyr.com/news/landisgyr-and-pacific-equity-partners-announce-joint-venture-for-acquisition-of-acumen-metering-business/ “Landis+Gyr and Pacific Equity Partners announce joint venture for acquisition of acumen metering business”] from Landis+Gyr media release, 24 May 2018.</ref> and Evolution Healthcare. <ref>[https://www.stuff.co.nz/business/107355572/north-island-hospitals-sold-to-new-australian-owners “North Island Hospitals sold to new Australian Owners”] in Stuff.co.nz on 25 September 2018.</ref>
Some of the firm’s current investments include Patties Foods, <ref>[https://www.afr.com/street-talk/pacific-equity-partners-in-advanced-discussions-to-acquire-asxlisted-patties-foods-20160529-gp6j1f “PEP in advanced discussions to acquire ASX listed Patties Foods”] “Australian Financial Review”, 29 May 2016.</ref> iNova Pharmaceuticals, <ref>[https://www.afr.com/business/banking-and-finance/inova-pharmaceuticals-sold-to-pacific-equity-partners-the-carlyle-group-20170608-gwno9e “iNova sold to PEP, the Carlyle Group”] “Australian Financial Review”, 9 June 2017.</ref> medical devices group LifeHealthcare, <ref>[https://www.allens.com.au/med/pressreleases/pr25may18-01.htm “Allens advises PEP on acquisition of LifeHealthcare”] from Allens Media Release, 25 May 2018.</ref> smart metering company IntelliHUB, <ref>[https://www.landisgyr.com/news/landisgyr-and-pacific-equity-partners-announce-joint-venture-for-acquisition-of-acumen-metering-business/ “Landis+Gyr and Pacific Equity Partners announce joint venture for acquisition of acumen metering business”] from Landis+Gyr media release, 24 May 2018.</ref> and Evolution Healthcare. <ref>[https://www.stuff.co.nz/business/107355572/north-island-hospitals-sold-to-new-australian-owners “North Island Hospitals sold to new Australian Owners”] in Stuff.co.nz on 25 September 2018.</ref>
==References==
==References==
{{reflist}}
{{reflist}}

Revision as of 08:19, 25 September 2019

Pacific Equity Partners
Company typeProprietary limited company
IndustryPrivate Equity
Founded1998; 26 years ago (1998)
FounderSimon Pillar,
Rickard Gardell,
Paul McCullagh,
Tim Sims
HeadquartersSydney, Australia
ProductsPrivate equity funds, Leveraged buyouts
Total assetsAUD 3.9 billion
Websitewww.pep.com.au

Pacific Equity Partners (PEP) is an Australasian private equity investment firm focusing on leveraged buyout and growth capital transactions primarily in Australia and New Zealand. PEP invests across a broad array of industries and will invest in turnaround and growth capital transactions.

PEP is based in Sydney, Australia and was founded in 1998 by Simon Pillar, Rickard Gardell, Paul McCullagh and Tim Sims. The majority of the firm's founders originally worked together at consulting firm Bain & Company.

The firm has raised more than AUD 8 billion across five funds since its founding and is the largest PE firm in Australia. PEP has approximately AUD 3.9 billion of capital under management,[1] making it the largest PE firm in Australia[2] and among the 50 largest private equity firms globally.

Investments

PEP has made more than 30 operating company investments as well as 100 bolt-on acquisitions since its founding.[2] Among the firm's historical investments are Hoyts (sold to Wanda Cinemas in 2015),[3] REDgroup Retail (Angus & Robertson, Whitcoulls, Borders Pacific Region, defunct in 2011), Independent Liquor (sold to Asahi Breweries in 2011),[4] Godfreys, Griffin's Foods (acquired from Danone in 2006 and sold to Universal Robina in 2014),[5] Frucor (sold to Suntory in 2008), Peters Ice Cream (sold to R&R Ice Cream in 2014) and Tegel Foods (acquired in 2005 from Heinz and sold to Affinity Equity Partners in 2011).[6]

Some of the firm’s current investments include Patties Foods, [7] iNova Pharmaceuticals, [8] medical devices group LifeHealthcare, [9] smart metering company IntelliHUB, [10] and Evolution Healthcare. [11]

References

  1. ^ "Pacific Equity Partners - About Us". www.pep.com.au. Retrieved 26 March 2019.
  2. ^ a b Mendoza, Carmela (24 July 2018). "Pacific Equity Partners on why the Australian mid-market is thriving". Private Equity International. Retrieved 10 April 2019.
  3. ^ "Hoyts to be sold to private equity group". ABC News. 24 September 2007. Retrieved 9 April 2019.
  4. ^ "Asahi to Buy New Zealand Liquor Company". DealBook. 18 August 2011. Retrieved 9 April 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  5. ^ "Pacific Equity buys Griffin's Foods". The Age. 1 April 2006. Retrieved 9 April 2019.
  6. ^ "Pacific Equity Mulling Options for Tegel Foods". DealBook. 20 August 2010. Retrieved 9 April 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  7. ^ “PEP in advanced discussions to acquire ASX listed Patties Foods” “Australian Financial Review”, 29 May 2016.
  8. ^ “iNova sold to PEP, the Carlyle Group” “Australian Financial Review”, 9 June 2017.
  9. ^ “Allens advises PEP on acquisition of LifeHealthcare” from Allens Media Release, 25 May 2018.
  10. ^ “Landis+Gyr and Pacific Equity Partners announce joint venture for acquisition of acumen metering business” from Landis+Gyr media release, 24 May 2018.
  11. ^ “North Island Hospitals sold to new Australian Owners” in Stuff.co.nz on 25 September 2018.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Pacific_Equity_Partners&oldid=917747113"