Talk:Pacific Equity Partners

New Content for PEP page

Hello, My name's Tracey and I work in PR representing Pacific Equity Partners. I'm reaching out to editors with proposed new content for the post. If you have time to review the suggestions it would be appreciated.--Tsen2 (talk) 04:19, 26 March 2013 (UTC)

Funds advised by PEP have made over 25 operating company investments, and over 70 bolt-on acquisitions at the company level. The 10 current PEP group operating companies span several industries including energy, consumer products, entertainment and basic financial services industries, [with a total combined enterprise value over A$8.5bn]. Together, these businesses employ over 50,000 people across Australia and New Zealand.

PEP’s current portfolio of companies include: Spotless Group, Peters Ice Cream, SCA Hygiene Australia, Energy Developments, American Stock Transfer and Trust Company, Hoyts Group , Veda Advantage, Griffin's Foods Xtralis and Link Market Services.

Recent PEP Funds transactions include: Acquisition of Spotless Group in August 2012 ; Acquisition of Peter’s Ice-Cream from Nestle in August 2012 ; Joint venture agreement with Svenska Cellulosa Aktiebolaget (SCA) to invest and develop SCA Hygiene Australasia in January 2012 ; Sale of Independent Liquor to Asahi in August 2011 ; Collins Foods IPO on the ASX in August 2011 ; and Sale of Tegel Foods to Affinity Equity Partners in May 2011.

PEP has been the recipient of a number of awards in recent years including Firm of the Year , Best LBO Deal of the Year and Private Equity Firm of the Year.

The firm's previous investments were AMR, Emeco, Guardian, Collins Foods Group, Frucor, Independent Liquor, Godfreys, Oasis, REDgroup Retail, Startonics, TCG, Tegel Foods and Vertex.

Additional external link http://www.theaustralian.com.au/business/companies/peps-

At a glance, the current article appears to be much more neutral. However, if there are any errors or major omissions, I would suggest pointing them out separately to help volunteers maintain the page. CorporateM (Talk) 18:31, 6 April 2013 (UTC)

COI

Removed the COI template - looks like, from the name in the single edit username, it was an employee correcting the AUM number, and actually lowering it, so doesn't look inappropriately promotional to me.BubbaJoe123456 (talk) 18:59, 26 March 2019 (UTC)

Some proposed changes

Information to be removed:

Extended content

Investments On 11 September 2015, PEP purchased New Zealand health company Manuka Health for a reported $110 million (NZD).[2] Among the firm's most notable 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] Explanation of issue: Information is not full and accurate. Will look to add information to make entry complete. References supporting change: https://www.privateequityinternational.com/australia-mid-market-private-equity-pacific-equity-partners/ https://www.privateequityinternational.com/australia-mid-market-private-equity-pacific-equity-partners/ https://www.afr.com/street-talk/peps-infrastructure-pitch-hits-1-billion-high-note-20180909-h154hc https://www.pep.com.au/media/23786-23786-2018-05-24_intellihub_jv_to_aquire_acumen_update_120618.pdf https://www.infrastructureinvestor.com/pep-buys-new-zealand-smart-metering-firm-amid-infra-push/ ] Information to be added: Investments PEP has made more than 30 operating company investments as well as 100 bolt-on acquisitions since its founding more than 20 years ago. The firm has raised more than AUD 8 billion across five funds in that time and is the largest PE firm in Australia with deal flow nearly double that of the next largest firm since at least 2014. In 2018, PEP also launched its Secure Assets Fund – a purpose-built fund to invest in infrastructure related businesses. PEP’s investments from all funds are listed below in alphabetical order: ACG Education Allied Pinnacle AMR Interactive Asaleo Care AST Collins Foods Group Emeco Holdings Energy Developments Evolution Healthcare Frucor Godfreys Griffin's Foods Guardian Healthcare Hoyts Independent Liquor iNova Pharmaceuticals intelliHUB LifeHealthcare Link Admin Holdings Manuka Health Oasis Patties Foods Peters Ice Cream REDgroup Retail Spotless SRXGlobal TCG Tegel Foods Veda Vertex Xtralis References

Explanation of issue: Have modified Investment section to provide a more accurate picture of companies PEP has worked with. Links to support have been provided. References supporting change: Please see above — Preceding unsigned comment added by StaceyCretella (talk • contribs) 08:15, 8 April 2019 (UTC)

Reply 8-APR-2019

   Clarification requested  

1. With regards to removing the information, the request does not state what it is about the information that is incorrect.
2. With regards to the addition of information, the request does not state what it is about those investment funds, which requires their being listed in the article. Although many businesses do list individual investments, many more do not list this type of rote information. Certain businesses (less than 20 years old) on the otherhand, having a lack of information about themselves to add to an article, will attempt to place this information in order to fill article space. These listings should not be done merely for that reason. Please clarify the necessity of this information to be added here.
3. Additionally, the references are formatted as Citation Style 1, but the |title= parameter is missing. The article itself appears not to have chosen one particular style to use. This should be done before information is added to the article, so that anything added will align with whatever style is chosen.

Regards,  Spintendo  11:41, 8 April 2019 (UTC)

Standardized the citation format in the article. BubbaJoe123456 (talk) 12:25, 9 April 2019 (UTC)

 Not done it is not editorially favorable to have an extensive list of funds/products/clients/employees/customers in an encyclopedia article about a company. VQuakr (talk) 03:21, 9 April 2019 (UTC)

• Partially Done I added some of the information, including the amount raised, but not the list of investments. BubbaJoe123456 (talk) 11:15, 10 April 2019 (UTC)

July 2019

Information to be added or removed: Correct AUM number is now A$4.7 billion as of 30 June 2019 Explanation of issue: AUM has changed References supporting change: https://www.pep.com.au/about-us/ — Preceding unsigned comment added by StaceyCretella (talk • contribs) 04:37, 9 July 2019 (UTC)

 Not doneIs there a third party source that cites this figure? Would be much better if there were. BubbaJoe123456 (talk) 13:06, 9 July 2019 (UTC)

16 April 2019 - Update requested

I have deleted the subjective words "more notable" in the description of historical investments. Also, I'd like to update the content under the Investments heading to show current company set. This is just a sample, not an extensive list. Please insert: Some of the firm’s current investments include education provider ACG , Patties Foods , iNova Pharmaceuticals , medical devices group LifeHealthcare , smart metering company IntelliHUB and Evolution Healthcare .StaceyCretella (talk) 03:43, 16 April 2019 (UTC)

Update to investments - Sept 2019

Making an update to Investments section to include sold assets:

---

PEP has also successfully exited some major investments.

The firm realised a strong return from the sale of New Zealand honey supplier Manuka Health which it exited in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company’s operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing.

Other recent investment exits include the sale of Allied Pinnacle to Japan’s Nisshin Foods in February 2019 and the exit of NZ private education provider ACG in late 2018. StaceyCretella (talk) 08:37, 25 September 2019 (UTC)

Update to investments - Apr 2020

After this line: 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]

Insert:

More recently, PEP made two further acquisitions toward the end of 2019. It purchased the Asia-Pacific segment of NYSE-listed towing and trailering equipment manufacturer Horizon Global and it also acquired community energy network provider WINconnect from private operators. WINconnect is the third deal for the firm’s Secure Assets Fund. StaceyCretella (talk) 01:09, 23 April 2020 (UTC)

New changes to PEP Wikipedia page - COI Contribution

Hi all! My name is Lizzie PEP and I'm a current employee of Pacific Equity Partners (PEP).

I'd love to suggest a number of updates to the PEP Wikipedia page. I am pinging a couple of recent editors of the article to assist with this. BubbaJoe123456, VQuakr.

I want to closely follow all Wikipedia COI processes, so let me know if there is more I can do to align with best practice.

I am also very keen to hear feedback on the proposed changes (the first of 5 proposed changes I have copied below). Let me know what you think, and if you have any tips about how best to proceed!

"Pacific Equity Partners (PEP) is an Australasian alternative investment firm that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies.

As of [March 31st, 2022], assets under management ("AUM") were A$8.6B, making PEP the largest Australasia-based private equity firm."

Cheers,

Lizzie PEP Lizzie PEP (talk) 04:57, 24 May 2022 (UTC)

Comprehensive Edit Request for Pacific Equity Partners - COI

Hi, I'm LizziePEP, a current employee of Pacific Equity Partners. You can find out more about me on my user page, and through my current contributions on the Pacific Equity Partners Talk page. I have endeavoured to follow all COI and paid editor guidelines as closely as possible - let me know if I can be doing more to be fully compliant and transparent.

I'm proposing a number of changes and amendments to the current Pacific Equity Partners article, and would greatly appreciate the feedback and comments of experienced Wikipedia edits as to what should be tweaked in my contributions below. I have tried to reach out to previous article editors (with little success) and through the Wikipedia Help feature an editor recommended I submit an edit request for the article to get the input of other editors. Do let me know what you think.

• What I think should be changed:

I propose the following rework to the introductory section of the article (the first three paragraphs):

Pacific Equity Partners (PEP) is an Australasian alternative investment firm that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies.

As of March 31st, 2022, assets under management ("AUM") were A$8.6B, making PEP the largest Australasia-based private equity firm.

The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Tim, Rickard and Simon previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation. In 2019, Tim Sims AM was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives.

The firm was the first institutional private equity firm established in Australasia. It was initially set up as a joint venture with US private equity firm Bain Capital, which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election.

Since its founding, PEP has completed over 100 transactions with combined aggregate value of A$43B and has generated a gross IRR of 44% across its funds.

Under the 'Investments' heading, I suggest inserting the following

PEP has led eight public to private buyout transactions in Australasia including Spotless, Patties, LifeHealthcare, Zenith Energy and Citadel, which is more than any domestic or international private equity firm operating in Australasia.

The firm has been a recipient of various Australian and international private equity industry awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year, as well as being included in the Top 20 Consistent Performers Globally by Preqin.

The paragraph beginning 'PEP has made more than 30 operating company investments...' to follow. After that, insert the following paragraph:

Among the firm's largest historical investments include Spotless, Link Group, Veda, Allied Pinnacle and Manuka Health, which have each received awards and accolades from industry body Australian Investment Council.

"Some of the firm's current investments..." paragraph is out of date. I suggest updating to the following

Firm’s current investments include Intellihub, Modern Star, iNova Pharmaceuticals, Healthe Care and Zenith Energy.

Happy to leave the informative detail about investment exits in 2018-19, and willing to add detail about more recent exits if appropriate.

• Why it should be changed:

The Pacific Equity Partners Wikipedia page hasn't been updated in some years. Some figures and information about deal activity has fallen out of relevance. I hope these changes will appropriately update the article and reflect the firm's recent investment activities.

• References supporting the possible change (format using the "cite" button):

(Below)

Lizzie PEP (talk) 05:57, 15 June 2022 (UTC)

In selecting which investment acquisitions and divestures to show, I can see two logical bases: include those firms that have Wikipedia articles of their own, or those where the largest investments are involved, while in either case, focussing on those involving a change of control of the company/. I normally do not like using tables instead of text, but this might be a god place to use tables. Rember that if someone is looking for the most current or complete information, your company's web page is the obvious place to go.

I don't seethe point of "wards and accolades from industry body Australian Investment Council." if you include this you need an exact specification and a reference for each, but I think you'd need to show it significant for the general reader. In the section "The firm realised a strong return from the sale of ... which it exited in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including ..., allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing"

You cannot use vague adjective instead of numbers and you need to put numbers in contest -- % share, controlling interest etc.

" which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election." is name dropping--remove it. If the company founder received an OA as a philanthropist we need an article on him, but should not mention it here.

"awards and accolades" is jargon. largest" always needs a good third party source. Ref `14 is not 3rd party. Never refer to anyone except a performer by their first name alone. Try for conciseness "that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies." should be "that manages g private equity, infrastructure, credit, and other alternative investment strategies."

I think the way to go from here is a complete revision . Please do it in your user space and let me know when ready. It's much more effective than listing many minor changes. DGG ( talk ) 07:06, 8 September 2022 (UTC)

Hi @DGG, thank you very much for taking the time to look over and review this. Incorporating your feedback, I have put a complete revision of the article in my user space here: User:Lizzie PEP/sandbox

I would be open also to formatting the investments into tables, but have left as text for now. The section regarding Manuka precedes this edit request by some years… might be another question as to whether or not to change it.

Thanks again for your initial review, please let me know what you think of the full revision Lizzie PEP (talk) 05:28, 14 September 2022 (UTC)

References

@Lizzie PEP Hi, I am working to clean up the "request edit" backlog. I have read this request, reviewed all the comments, and the next section with a further request (not properly formatted). I also see you have made two recent edits directly to the to the article, even though you have been warned not to do so. I know it can be frustrating waiting for unpaid editors to deal with your request, but here we are. I will not revert your edits, but please make no more direct edits. I will try and clean up the article with the outstanding items and close these requests. Please submit new requests here for additional changes. Cheers. Duke Gilmore (talk) 20:14, 18 December 2022 (UTC)

Dear @Duke Gilmore, thank you for your comment and for your work in clearing the edit backlog. You're right - significant delays were becoming frustrating, but I'll exercise more patience in future. I note that this page has not been updated with content from the last 2-3 years, and as such I have suggested page amendments (factual and cited) which perhaps yourself or another editor could implement. Please see below, and do let me know what you think.

Since 2020, PEP has expanded its investment categories, moving into core-plus infrastructure, private credit investments, and global multi-manager funds (fund of funds). Individual investments include retirement funding provider Household Capital, traffic management business Altus Group, retirement village provider Serenitas, LMS Energy, and allied health company Healthia. In 2023, PEP completed fundraising for a second secure assets fund, raising $1.4 billion with the assistance of the Clean Energy Finance Corporation. The firm also established a PEP Gateway product, a consolidation of other global private equity managers with a lower price of entry than typical private equity offerings. July 2023 saw the firm exit the last of its investments in Fund V, an A$2.1 billion fund created in 2015. Top-performing investments in this fund were hospitals business Evolution Healthcare and medical device distributor LifeHealthcare, both of which made investors four times their initial investment. Lizzie PEP (talk) 23:48, 3 October 2023 (UTC)

Dear @Duke Gilmore, I'd also like to propose a small change to the introductory paragraph. Please see below, do let me know what you think. Thanks, Lizzie PEP (talk) 06:22, 4 October 2023 (UTC)

Pacific Equity Partners (PEP) is a private equity firm focusing on transactions in Australia and New Zealand. PEP invests across a range of industries and sectors, typically via leveraged buy-outs, and have expanded into private credit, core-plus infrastructure & managed funds in recent years. Lizzie PEP (talk) 06:22, 4 October 2023 (UTC)

I've done some edits to the page. I'll take a look at the above and see if there are notable items to include. MatthewDalhousie (talk) 00:49, 18 October 2023 (UTC)

Incidentally, while Australian Financial Review is considered a reliable source, it would be better form if source material came from a variety of mastheads. Just a thought. MatthewDalhousie (talk) 00:52, 18 October 2023 (UTC)

Dear @MatthewDalhousie, thank you for your feedback and edits, both very much appreciated. From looking at your notes, it seems a restructuring of the way historical and present investments are listed is necessary. I am fairly inexperienced with Wikipedia, but I can draft up in my sandbox a version that you might consider adding to the live article. I acknowledge your point about the Australian Financial Review… unfortunately it is the major point of news coverage in Australian finance, with the Australian Business Review (a section of a newspaper) a more distant second. I appreciate your help, and will aim to submit a draft investment schedule and text of history and culture section for your feedback soon. Thanks Lizzie PEP (talk) 06:17, 15 November 2023 (UTC)

Honestly, I would do it bit by bit.

I can see there are good articles from reliable sources around, including Bloomberg, Forbes and The Australian. MatthewDalhousie (talk) 06:45, 15 November 2023 (UTC)

Dear @MatthewDalhousie, good point on the other outlets. I believe some of those sources have been used elsewhere in the article. I've drafted up some additions to the article based on your feedback. It would be great to hear what you think. Feel free to take a look in my Sandbox, and by all means implement what you see fit. Link to Sandbox: User:Lizzie PEP/sandbox Thanks Lizzie PEP (talk) 06:14, 27 November 2023 (UTC)

Updates to PEP article

Dear fellow editors, after corresponding with senior editors on Wikipedia and taking into account their feedback, I have implemented the changes proposed in messages above to this article. Part of my correspondence was with user @Cote d'Azur, and it is at their recommendation I make the changes. Please do let me know what, if anything should be amended - I am happy to be involved in a discussion about changing what has been enacted. Thanks Lizzie PEP (talk) 23:13, 8 November 2022 (UTC)

@Lizzie PEP: I've reverted your proposed update, [3] in its entirety because to me it looked unsalvageably promotional. Unsourced sentences like Uniquely the firm is known for achieving high investment returns by focusing on business transformation and profit growth, rather than financial engineering are huge red flags. If there are relatively minor, quantitative updates that can be directly sourced to independent quality sources it might be more beneficial to focus on those and leave the bulk prose to someone unconnected to the article. It is extremely difficult to write neutrally about a topic with which we are closely connected. @DGG and Cote d'Azur: if you've vetted this already elsewhere and disagree, please let me know and let's discuss. VQuakr (talk) 23:29, 8 November 2022 (UTC)

@VQuakr Thanks for your message. I have tried my upmost to act in compliance with COI stipulations and I really appreciate your time looking at this. I’m sorry to hear you’re not happy with aspects of the article and am happy to wait for another administrator to approve the bulk text once anything that comes across as overly promotional has been excised.

Would you be happy for me to personally make smaller quantitative updates in the meantime? Thanks Lizzie PEP (talk) 04:07, 11 November 2022 (UTC)

@VQuakr following my previous message, I have made some quantitative edits as well as a rework of the third paragraph. I hope that is suitable, looking forward to future collaboration. Thanks Lizzie PEP (talk) 03:08, 14 November 2022 (UTC)

@VQuakr I have also amended the first paragraph of the article. Let me know if you have any queries. Thanks Lizzie PEP (talk) 03:11, 18 November 2022 (UTC)

@VQuakr: I have amended the second paragraph of the article, adding emphasis on firm foundation and two citations to support. Feedback appreciated. Thanks Lizzie PEP (talk) 05:09, 23 November 2022 (UTC)

@VQuakr I have made two further amendments to the investments category - added a paragraph about buyout transactions and a small quantitative tweak to the second (existing) paragraph. Let me know if there are any issues with the changes. Thanks Lizzie PEP (talk) 04:09, 28 November 2022 (UTC)

@Lizzie PEP, can you explain please why you removed the mention of REDgroup Retail with this edit? Meticulo (talk) 15:24, 28 November 2022 (UTC)

Hi @Meticulo, I’m hoping to update this section, including condensing information where possible. Removal of that sentence was part of that process, but happy for this section to be reinstated if you think more content is best? A side note, I am still new to the Wikipedia space - you can find more information about me and my edits to this article in threads above or on my talk page. Any guidance would be appreciated! Thanks Lizzie PEP (talk) 06:47, 8 December 2022 (UTC)

Thanks for replying, Lizzie. To be blunt, my guidance would be that you really shouldn't be editing the article at all. It's good that you've declared a conflict of interest, and a willingness to act in compliance with any stipulations that apply. However, the behavioral guideline for conflicts of interest says "COI editors are strongly discouraged from editing affected articles directly". I'd also suggest reading the Plain and simple conflict of interest guide, which says of COI editing that "The safest way to avoid it is simply to never make direct edits to live articles". But if you've found editing Wikipedia to be interesting, perhaps you could help instead with pages where there isn't a conflict of interest? Meticulo (talk) 14:21, 12 December 2022 (UTC)

@Lizzie PEP Please see the comments in the section above. Duke Gilmore (talk) 20:15, 18 December 2022 (UTC)

COI edit request

• Dear editors: - In the course of suggesting improvements to this article, I have been over several months discussing changes with editors both on this Talk page (including recently with MatthewDalhousie), and on the Talk pages of other editors. I've condensed much of the feedback I have received in this edit request, a course of action suggested by 331dot after leaving the draft in my sandbox for feedback for some time. Please let me know what you think of the proposed content - I would be glad to refine and resubmit.

@LizziePEP(New), these suggestions look okay and am happy to move this along. All the citations look pretty solid, except for the one used for "Current Investments" which points to a document from the subject being discussed, whereas we really would want to see a secondary source. Anything you can point to? (Also, we wouldn't say "current", we'd have it located to a date, such as "Investments as of January 2024."MatthewDalhousie (talk) 02:55, 21 February 2024 (UTC)

Also, the opening sentence needs to have simple explainer of what the entity is: Pacific Equity Partners is a private equity investment firm. (Or something like that.) MatthewDalhousie (talk) 03:32, 21 February 2024 (UTC)

Thanks again Matthew, the first two paragraphs of the article would remain unchanged, so the first sentence would remain "Pacific Equity Partners (PEP) is a private equity investment firm" LizziePEP(New) (talk) 23:51, 22 February 2024 (UTC)

Dear MatthewDalhousie, thanks for your response! Good point regarding Investments as of January 2024 - that should definitely be the table heading. Unfortunately, without going off the company website, we would have to find separate articles (probably from the AFR) for each investment… there may not be a source for each one. My thought was that the website source may be acceptable as it is only a list (therefore no room for qualitative input!). I can go back see what article sources I can find. LizziePEP(New) (talk) 23:50, 22 February 2024 (UTC)

I'm afraid that's the only way to do it. If you can provide AFR articles to support each category, then I think you have a way forward. MatthewDalhousie (talk) 00:41, 23 February 2024 (UTC)

Looks like those citations are in hand. MatthewDalhousie (talk) 07:34, 23 February 2024 (UTC)

• Why it should be changed: To update a page that hasn't seen substantial changes in some years. See below for changes:

Changes to introductory section: Following making it the largest private equity firm in Australia...

Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners.

The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind.

History & Culture

Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content.

Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure. Staff longevity and team-based approaches to deals, likened to a management consulting ethos, have been identified as key drivers of its success in the Australian market.

New Section - Investment Schedule

Current Investments

Business Name	Fund	Year Acquired	Transaction Type
Zenith Energy	SAF I	2020	Public to Private
Magentus	Fund VI	2020	Public to Private
Modern Star	Fund VI	2020	Secondary
Healthe Care	Fund VI	2021	Corporate Carve-out
Agright	SAF I	2022	Private Vendor
Intellihub	Smart Metering Fund	2022	Secondary
Cranky Health	Fund VI	2022	Private Vendor
Altus Traffic	Fund VI	2022	Private Vendor
iNova Pharmaceuticals	Fund VI	2022	Corporate Multinational Carve-Out
UP Education	Education SPV	2023	Secondary

LizziePEP(New) (talk) 06:28, 20 February 2024 (UTC)

@LizziePEP(New)to make things simple for me, and to keep some wiki conventions that readers and editors seem to appreciate, I'm going to suggest that the investment table has some similarities to tables used on articles in this category, such as Blackstone Inc and KKR. That way readers can easily move between said articles and absorb the relevant information. Hope that's okay. I further suggest that we have two tables. One that is current as of 2024. A second that shows previous non-current investments.

Not sure what "Fund" means exactly - perhaps you can clear up. Do you mean which fund has the stake in said investment? Do set out when you have time. MatthewDalhousie (talk) 01:29, 23 February 2024 (UTC)

Dear Matthew, thanks for this response, and apologies for the delay in getting back to you! Thank you for restructuring the tables and implementing those changes - they look really good. I would be happy to construct a second table for non-current investments and clear up your question about funds: the fund information refers to the pool of investments (of which private equity firms usually have multiple) that a particular investment is situated in. Funds start out as a pool of money sourced from investors, and may have a theme (health, infrastructure, etc) or special purpose (environmental benefit, education, etc) or may just be named sequentially. LizziePEP(New) (talk) 06:19, 7 March 2024 (UTC)

Thanks for the explanation. I ask because I couldn't see anything definitive on what the 2024 number for funds under management actually is. Can you point me to a good secondary source.

If you're happy to do the work on the "Previous investments" table, that would be excellent. MatthewDalhousie (talk) 22:59, 7 March 2024 (UTC)

References

LizziePEP(New) (talk) 06:28, 20 February 2024 (UTC)

Previous investments table

Previous Investments

Investments	Year Acquired	Description of Transaction	Ref.
Hoyts	2007	Purchase valued Hoyts' Australian and New Zealand operations at $440 million, then on-sold to Wanda Cinemas in 2015.
Independent Liquor	2006	Purchased in partnership with Unitas Capital for $600 million, later sold to Asahi Breweries for $1.3 billion.
Griffin's Foods	2006	Acquired from Danone in 2006 and sold to Universal Robina in 2014.
Frucor	1998	The first investment made by the firm. Purchased for $NZ67 million, later sold to Suntory in 2008.
Peters Ice Cream	2012	Terms of the deal not disclosed. Sold to Froneri in 2014 for just under $450 million.
Tegel Foods	2005	Acquired from Heinz for $250 million, later sold to Affinity Equity Partners in 2011 for $600 million.
WINconnect	2019	Purchase of community energy network provider for deal understood to be worth around $100 million. Purchased by Origin Energy in 2021.
Manuka Health	2015	Sold in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company's operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing.
Allied Pinnacle	2015-17	Acquired Pinnacle Bakery & Integrated Solutions ($200 million), a maker of bakery ingredients and frozen baked products, from Kerry Group in 2015, before adding Allied Mills ($455 million, including debt) in March 2017. Sold to Japan's Nissin Foods in February 2019.
ACG	2015	NZ private education provider. Divested in 2018 to UK-based Inspired Education Holdings.

LizziePEP(New) (talk) 06:15, 19 March 2024 (UTC)