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News
0 Private equity outperforms benchmark

The Australian Private Equity and Venture Capital Association Limited (AVCAL) confirmed that private equity and venture capital funds in Australia posted returns of 22 per cent in the 12 months to 31 December 2013.

Recent data compiled from 64 Private equity fund and 25 venture capital funds reveals significant new deal activity in the final quarter of last year has helped the asset class deliver returns 200 basis points ahead of the ASX 300 Index.

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0 Pioneer Capital’s Matthew Houtman appointed director of WhereScape

Privately-owned data technology company WhereScape has boosted its board with a number of new appointments, creating a sound governance platform for the international business which is currently on a fast-track growth curve.

Joining John Quirk, director and partner at Howard & Company and CEO and co-founder Michael Whitehead, are Pioneer Capital co-founder Matthew Houtman, Sarah Smith and US-based Mark Budzinski.

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0 New Armourguard owner wins $80m govt security contract

Evergreen International NZ has won an $80 million contract to supply security services to the Ministry of Social Development, just six months after the private equity-owned firm acquired the Armourguard Security business in New Zealand for $1.

The national two year plus two year contract includes provision of security guards, monitoring of security and fire alarms in ministry offices and Child Youth and Family homes, and support for monitoring systems.

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0 ‘Stellar year’ for Scales

Agri-business group Scales Corporation has boosted profit by 50 per cent after a “stellar year ” from its apple marketing unit.

Christchurch-based Scales, tipped to list on the NZX this year, reported a net profit of $20.4 million for the year to December 31, up from $13.6m in 2012.

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0 Boost Juice eyed by Bain Capital

Bain Capital is poised to acquire popular health drink franchise Boost Juice for about $185 million, sources have told the AFR.

Retail Zoo – the company that owns Boost – is in exclusive sale negotiations with the private equity firm, which recently considered a bid for Peters Ice Cream.

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