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News
0 Private equity merger deals surge

Australia saw 583 merger and acquisition (M&A) transactions worth $125.2 billion in 2018, with the private equity sector marking the highest year-to-date value and playing a significant role in Australia’s economic development, according to Mergermarket.

The 2018 Australian Private Equity Trend Report noted that the total number of M&As had decreased, with 35 deals fewer than the year before, with a worth of $85.6 billion.

Private equity activity however surged, registering $28 billion for 72 buyouts, rising 85.2 per cent from the year before with $15.1 billion covering 67 deals.

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0 Local VCs lack institutional backers

The Australian venture capital sector is gradually attracting more local investment but not enough from the most significant source, institutional investors.

Private Equity Media (PEM) has just released its annual report on Australian institutional investors’ attitudes to private equity and venture capital investing.

The report reveals a very different picture to the strong growth suggested by internet posts which focus on the technologies being developed, rather than the financial backing needed to commercialise them.

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0 ESG an increasingly important issue for super funds

The increasing importance of ESG in investment markets was reiterated at the recent AVCJ Private Equity and Venture Capital Forum by two major government sector super funds and private equity investment specialists.

At a time of debate about the appropriate level of shareholder activism by super funds, representatives of both Local Government Super (managing $11 billion FUM) and First State Super (managing $90 billion FUM) said ESG was a key and growing issue in assessing the risk of any prospective investment in the private equity sphere.

Meanwhile, Anthony Kerwick, managing director of Adamantem Capital, said all potential limited partners, that is potential super fund investors, in his private equity fund ask questions about Adamantem’s position and policies on ESG as it relates to private companies they invest in or may invest in.

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0 Industry funds to PE managers: ‘just talk to us’

The best-performing asset class for the $35 billion Hostplus industry fund last year was private equity, Peter Collins, a trustee director, told a delighted audience of, mainly, private equity managers at the newly named Australian Investment Council dinner in Sydney last week.

There was a record attendance of nearly 500 at the dinner, held in conjunction with the annual AVCJ conference for private equity (PE) and venture capital managers and clients. But Collins was probably the only big super fund representative there. And there-in lies the rub.

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