Pacific Equity Partners related stories
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Rival consortium challenges KKR for Coles(2)A consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- Pacific Equity Partners $1.3bn MBO attempt fails(2)
As expected, Pacific Equity Partners and the co-founders of Australia’s Flight Centre failed to receive enough shareholder support to take the listed travel agency private, after its largest shareholder voted against the deal.
- Coles takes a stand against club deals(2)
Australian retailer Coles Group has again shunned its private equity suitors, reportedly insisting that it cut its bidding consortium from five firms to four. The move will fuel the ongoing debate about club deals.
- Merrill Lynch, Pacific Equity Partners make joint-approach in Australia(2)
A private equity consortium of Merrill Lynch Global Private Equity and Pacific Equity Partners has approached Veda Advantage, Australia-listed credit checking company, with a $636 million proposal.
- Buyout firms circle A$1bn Australian lender
KKR and GE Capital have reportedly teamed up to bid for RAMS, an Australian mortgage provider valued at about A$1 billion, as private equity firms and banks clamour for exposure to the booming Australian housing market.
- Carlyle tops ground-breaking league table
The PEI 50, a new ranking from Private Equity International magazine, reveals The Carlyle Group has the largest private equity direct-investment programme in the world, having raised $32.5 billion in the last five years.
- Ontario Teachers expands to London
Teachers’ Private Capital, the private equity arm of the Canadian pension, has launched its first foothold outside of Toronto with a London office led by Andrew Claerhout.
- PEP leads consortium to buy Veda
Merrill Lynch has joined forces with Pacific Equity Partners to make its first foray into the Australasian private equity market, with a $659 million offer for credit checking company Veda Advantage.
- Rival consortium challenges KKR for Coles
A consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- KKR to rejoin A$20bn Coles bidding war
Shares in Australian retailer Coles Group continued to climb as a A$20 billion bidding war between local rival Wesfarmers, a Kohlberg Kravis Roberts-led buyout consortium, and other international trade players looked increasingly likely.