PRIVATEEQUITYAUSTRALIA.

COM

Private Equity News Australia

Australia Private Equity News Weekly Report Date
Edition 33 29 July 2019

ASX200 INDEX
Key Highlights From Various Media Sources
7,000
 QIC launches bid for ASX-listed Pacific Energy
6,500
 Allegro Funds set to take a stake in Perth Radiological Clinic
6,000
 KKR set to acquire Arnott’s
5,500
 Haeomokinesis seeking $12m equity injection
5,000
 GBST set to agree to takeover by FNZ
4,500
 Archer Capital to delay sale process for Illion
4,000
'15 '16 '17 '18 '19
 Pacific Energy. It was reported that QIC Ltd has lobbed a $422
million bid for ASX-listed Pacific Energy, with OPTrust also said to be EQUITY INDICES (WEEKLY % CHANGE)
showing interest in the remote power generation company. 1
3.0%

1.7%
1.4%
 Perth Radiological Clinic. It was reported that Allegro Funds is set to 2.0%

0.5%
take a stake in diagnostic imaging provider Perth Radiological Clinic.

0.5%
1 1.0%

0.1%
0.0%
 Arnott’s Biscuits. It was reported that KKR & Co is set to acquire (1.0%)

(0.4%)

(0.8%)
Arnott’s from Campbell Soup Co for a reported price of US$2.2

(1.3%)
(2.0%)
billion (A$3.14 billion). 1
(3.0%)

 Haemokinesis. It was reported that blood transfusion and

emergency medicine group Haemokinesis is seeking $12 million in
equity. 1

 GBST. It was reported that GBST Holdings has agreed to takeover

terms with FNZ at $3.85 per share (which is higher than SS&C’s
$3.60 indicative bid). 1 For more information

 Morrison’s PPP. It was reported that Morrison & Co intends to sell a David Gacic
portfolio of seven PPP infrastructure assets (in the health, Director – Corporate Finance
E: ddg@lccapac.com
education and prison sectors). 1
Duncan Ross
 Maas Group. It was reported that privately-owned NSW-based Director – Corporate Finance
construction materials, equipment and services company Maas E: sdr@lccapac.com
Group is seeking to list on the ASX. 1
Nicholas Assef
 Illion. It was reported that Archer Capital’s plans to sell data registry Founder & Principal
E: naa@lccapac.com
business Illion could be pushed into 2020. 2

 Snowtown 2. It was reported that the sale process for Tilt Phone : + 61 2 9262 2121
Renewables’ Snowtown 2 wind farm is underway. 2

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 Enwave. It was reported that up to 5 parties have been shortlisted for DAILY PERFORMANCE OF ASX200
the sale process for Brookfield’s Enwave Australia. Parties speculated
to be shortlisted include CKI’s Australian Gas Networks, ICG, Colonial
First State, Atco, Jemena and APA. 2

0.8%
1.0%

0.6%
0.5%
 Weatherzone. It was reported that Nine is seeking to sell Weatherzone
for a speculated value of more than $50 million. 1

 Basslink. It was reported that electricity transmission company 0.0%

Basslink is seeking to cut a deal with its lenders (who are owed about

(0.1%)
$700 million). 1

(0.4%)
 Motor Vehicle Registry. It was reported that South Australia may sell its
(1.0%)
Motor Vehicle Registry, which is speculated to be worth more than
$500 million. 2

 Yowie. It was announced that Aurora Capital has abandoned its bid for
confectionery company Yowie. 4

 FluroSat. It was reported that agtech / data analytics startup FluroSat The ASX200 closed 1.5%
has secured $4.6 million in funding from M12 (Microsoft’s venture higher for the week to
fund), Artesian, GrainInnovate Fund, Costanoa Capital and Space
end at 6793 points, as
Capital. 3
comments from the
 Neighbourlytics. It was reported that data startup Neighbourlytics has officials by the Reserve
secured $1.25 million in seed funding (from Trawalla Group, Scale Bank of Australia
Investors and Artesian). 3 increased expectations of
two further interest rate
 Particular Audience. It was reported that AI e-commerce startup
cuts.
Particular Audience has raised $1.8 million in seed funding from
Carthona Capital. 3

Sources:
(1) The Australian Financial Review
(2) The Australian
(3) SmartCompany
(4) ASX / Company Announcement
(5) Australian Mining
(6) Mining Journal

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