PRIVATEEQUITYAUSTRALIA.

COM

Private Equity News Australia

Australia Private Equity News Weekly Report Date
Edition 35 12 August 2019

ASX200 INDEX
Key Highlights From Various Media Sources
7,000
 Royal Wolf Holdings is said to be for sale
6,500
 ICG considering exit options for Everlight Radiology
6,000
 InfoTrack said to be in discussions to acquire SAI Global’s
5,500
property services division
5,000
 Airline operator Airnorth is reportedly for sale
4,500
 SKM Recycling undergoing an immediate review
4,000
'15 '16 '17 '18 '19
 Royal Wolf. It was reported that GFN Asia Pacific-owned portable
buildings and storage container business Royal Wolf Holdings is for
EQUITY INDICES (WEEKLY % CHANGE)
sale, with a speculated price tag of more than $300 million. 1
0.0%
 Everlight Radiology. It was reported that Intermediate Capital Group- (1.0%)

(0.7%)
(0.5%)
backed radiology company Everlight Radiology is considering exit (2.0%)
options. The company is said to be generating circa $30 million in

(1.9%)

(2.1%)
(3.0%)
earnings and is speculated to be worth 15x earnings. 1

(2.7%)

(2.8%)

(3.1%)
(4.0%)

(3.6%)
(5.0%)
 Arnott’s. It was reported that KKR & Co is seeking to arrange an initial
(6.0%)
debt package of more than US$1 billion for its acquisition of Arnott’s
(7.0%)
(at more than 6x earnings). 1

 SAI Global’s property services division. It was reported that InfoTrack is

set to acquire Baring Private Equity-backed SAI Global’s property
services division for about $100 million. 2

 Mader Group. It was reported that privately-owned mining services

contractor Mader Group is seeking to list on the ASX. 1
For more information
 Enwave Australia. It was reported that mid-market infrastructure
investor Infrastructure Capital Group is eyeing Brookfield’s up-for-sale
David Gacic
Director – Corporate Finance
gas network Enwave Australia. 1 E: ddg@lccapac.com

 Lendlease’s engineering business. It was reported that Lendlease may Duncan Ross
be looking to divest its engineering and services business in two parts Director – Corporate Finance
to make it more attractive to potential acquirers. 1 E: sdr@lccapac.com

 Airnorth. It was reported that regional airline operator Airnorth (owned Nicholas Assef
by US-based Bristow Group) is for sale. 1 Founder & Principal
E: naa@lccapac.com

 SKM Recycling. It was reported that CBA (owed c.$60 million) has
appointed a receiver for SKM Recycling to perform an immediate Phone : + 61 2 9262 2121
review. 1

LCC Asia Pacific – an award winning

corporate finance and strategic advice
boutique & independent firm
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 Bango Wind Farm. It was reported that Partners Group has acquired a DAILY PERFORMANCE OF ASX200
stake in the $500 million 222MW Bango Wind Farm project. 1

0.7%
 Hobart Airport. It was reported that VINCI is one of the shortlisted parties

0.6%
1.0%

0.2%
in the sale process for the up-for-sale 51% stake in Hobart Airport. 1

 Perth Energy. It was reported that AGL Energy is set to acquire Infratil’s 0.0%
80% stake in electricity retailer and power plant owner Perth Energy for
c.$100 million. 1 (1.0%)

 DC Power Co. It was reported that renewable energy startup DC Power Co

has raised $1.63 million in a crowdfunding campaign. 3 (2.0%)

(1.9%)

(2.4%)
 WithYouWithMe. It was reported that HR and recruitment startup (3.0%)
WithYouWithMe has raised $5 million as it ramps up development of its
SaaS platform. 3

 Fluent Commerce. It was reported that retail startup Fluent Commerce has
raised $33 million in a Series B funding, led by US growth equity firm
Arrowroot Capital. 3
The ASX200 closed 2.7%
 Five V Capital. It was reported that Five V Capital has secured $250 million lower for the week to end
in commitments for its third buyout fund. 1
at 6584 points as the US-
China trade war
continues to escalate (the
Chinese Yuan breached
the seven-per-US-dollar
mark, increasing
concerns that a currency
war may be on the cards).

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

LCC Asia Pacific Insights: Australian Private Equity News Page 2

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firm. We assist our private equity clients with both investment banking & strategic consulting engagements
in areas of work including:
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to maximise exit valuation enhancing proprietary deal flows
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optimise business operations Acquisition

deriving maximum value from acquisitions

through rapid organisation transformation,
implementing initiatives that “move the needle”
and ‘business coaching’ for C-Suite

LCC also works closely with family- and privately-owned businesses that are either considering exit options
or are seeking to raise external capital to accelerate their growth strategies.

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