Cloud software start-up MyWave has appointed Phil Norman to the position of chairman and James Ladd to the position of chief technology officer.
MyWave founder and CEO Geraldine McBride says the board chairman and CTO appointments are important steps as MyWave begins its first round of private equity capital raising and builds its Melbourne-based software development team.
Car part maker Burson Automotive is reportedly set to be launched onto the ASX as part of a $400 million initial public offering from private equity owner Quadrant Private Equity.
The Australian Financial Review reports that Quadrant, which owns 90 per cent of Burson, is close to making a final decision on the move.
It’s been a smashing year for Australian based private equity deals, which have already surpassed the total value of deals completed in the 2013 financial year.
Dr Kar Mei Tang, the head of research at the Australian Private Equity and Venture Capital Association (AVCAL) said the results come on the back of last year’s downturn.
PRIVATE equity’s mood in Australia is noticeably upbeat at the Asian Venture Capital Journal’s annual conference in Sydney.
The global private equity giants such as Carlyle, KKR and TPG together with local equity powerhouses Archer Capital, Quadrant Private Equity and Pacific Equity Partners are seeking to make 2014 either a banner year for exits or acquisitions.
Commercial iwi heavyweights Tainui Group Holdings and Ngai Tahu Capital have teamed up with private investor Pioneer Capital to buy dairy technology manufacturer Waikato Milking Systems for an undisclosed sum.
The three parties will hold a third of equity in the partnership with senior management to take a minority stake in a deal expected to settle on March 31, they said in a statement. They bought the stake after Waikato Milking Systems shareholder UPC Capital engaged PwC to run a sale process last year attracting local and international interest. No price was disclosed.