Canada’s Enghouse Acquires Kiwi Unified Comms Firm Zeacom for US$30.6m, 1*TTR

31 May 2012. Enghouse Systems Limited (TSX:ESL) announced today that it has acquired Zeacom Group Limited for a purchase price of US$30.6m, subject to price adjustments. Zeacom’s annual revenues for fiscal 2012 were approximately US$29 million, indicating a price of approvimately 1 times 12 months trailing revenue (TTR). The acquisition provides a liquidity event for […]

Investor Netus Announces Management Buyout of News Ltd’s 50%

25th May 2012. Australian technology investor netus has announced that management has bought their joint venture partner, NEWS Ltd out of their 50% netus shareholding. Whilst the amount has not been disclosed, newspaper reports estimate it to be A$22.5m. Moving forwards, netus will be wholly owned by the management team. In March Daniel Petre, then […]

Redflex Shareholders Reject Revised A$300m Bid From Macquarie and Carlyle

9th May 2011. At a Scheme Meeting of Redflex Holdings Limited (“Redflex”, ASX:RDF), held in Melbourne today, Redflex’s shareholders voted against the scheme of arrangement announced to ASX on 21 February 2011 under which an entity associated with The Carlyle Group and Macquarie Group Limited (“RoadSafety Holdings”) proposed to acquire all of the issued ordinary […]

Govt IIFF Program offers $64m to 35 companies via 11 VC's

6th Aug 2009. Senator Kim Carr, Minister for Innovation, Industry, Science and Research, has today announced the successful fund managers under the Australian Government’s Innovation Investment Follow-on Fund (IIFF) that will receive offers to invest $64 million into 35 promising early-stage companies in Australia. “It was a competitive selection process with 20 of the eligible […]

GBS Ventures Closes A$125m Fund

20th March 2009. GBS Ventures has announced the close of its new BioVentures IV $125m investment fund in the middle of a very difficult climate. The primary source of funders were superannuation funds (including Health Super) and superannuation funds of funds. The fund stood at $90m in March 2008, took an additional $10m in October and […]

Govt IIFF program to provide A$83 million in VC Funding

18 Mar 2009. Senator Kim Carr, Minister for Innovation, Industry, Science and Research today announced that the Australian Government will provide up to $83 million to early stage start-up companies. According to the media statement: “The Innovation Investment Follow-on Fund (IIFF) is about ensuring a future beyond the financial crisis for our best and brightest start-up […]

Starfish Ventures Closes New Fund at A$185 million

13 November, 2008 – Melbourne-based Starfish Ventures has announced the final closure of its Starfish Technology Fund II at $185 million, the largest venture capital fundraising in Australia. The fund will invest in Information and Communication Technology, Life Sciences and Cleantech companies. The success of this fundraising is an endorsement of Starfish Ventures and an endorsement […]

Bourn Acquires Assets of Fultec Semiconductor

20th Oct 2008. Fultec Semiconductor Inc., an investment of Allen & Buckeridge and Uniseed funds, has sold substantially all of the assets of the Transient Blocking Unit (TBU) business to Bourns Inc., a privately-owned firm based in Southern California. Terms of the transaction were not disclosed. Headquartered in Mountain View, California, Fultec designs and manufactures […]

Andover, Yuuwa and IB Biosience Win in Ausindustry IIF Tranche2 Round3

17 Sept 2008. Senator Kim Carr, Minister for Innovation, Industry, Science and Research, today announced the three successful applicants under tranche two of round three of the Australian Government’s Innovation Investment Fund. The successful venture capital fund managers are Andover Venture Partners, Yuuwa Capital, and Intersuisse’s IB Australian Bioscience Fund. Under the program, the three […]

Westscheme to Support New Vic, SA and NZ PreSeed Fund

20th June 2008. West Australian-based superannuation fund Westscheme has committed $30 million over 5 years in investment capital to the Trans Tasman Commercialisation Fund for a commercialisation fund to support collaborative research undertaken at universities in Victoria, New Zealand and South Australia. University research teams will be able to bid for up to $1 million […]

Pacific Equity Partners Raises Record A$4bn Fund

28th March 2008. Pacific Equity Partners (PEP) has closed its fourth fund, PEP Fund IV. capped at $4 billion making it by far the largest private equity fund raised in Australia to date. The fund closed oversubscribed, according to media reports. The previous largest funds by size were Archer Capital Fund 4, $1.36 billion; PEP […]

Starfish Announces 1st Close of A$250m Technology Fund.

31st January 2008. Starfish Ventures, a Melbourne-based venture capital company, has announced it has raised $150 million of a new $250 million technology fund.  The firm already has commitments of $150 million for the new fund, Starfish Technology Fund II which will be targeted at clean-tech, information technology/communications and life sciences. Starfish currently manages $200 million […]

CM Capital Launches A$154m Venture Fund

23rd May 2007. CM Capital Investments announced the final close of the CM Capital Venture Trust 4 at $154 million in May 2007. The Fund will invest in early stage technology companies in the Australian life sciences and telecommunications sectors. The announcement brings CM Capital’s total funds under management to over $260 million. CM Capital […]

Southern Cross Launches A$200m Technology Fund

Tuesday, 22 May 2007. Growing confidence in the Australian early-stage technology sector has seen the Southern Cross Fund reach over A$170 million with its current fundraising, substantially filling Australia’s biggest ever, early-stage venture fund. This fund launch has coincided with the official launch of the Fund’s management company, Southern Cross Venture Partners and the opening of its […]

Brandon Capital Launches 2 Medical Funds at A$70m

25th March 2008. Brandon Capital Partners currently manages two funds, the $40 million BBF1 IIF Partnership (BBF1 IIF) formed under round 3 of the Commonwealth of Australia’s Innovation Investment Fund program and the $30 million Medical Research Commercialisation Fund (MRCF). Brandon Capital Partners also has a direct co-investment agreement with two institutional investors. Its predecessor, […]

Starfish Ventures Announces A$123m Technology Fund

26th November 2004. Starfish Ventures Pty Ltd, a leading Australian technology investor, today announced the final close of the Starfish Technology Fund I, LP (“STF”) at AUD$123 million. Starfish Ventures had targeted a fund size of AUD$100 million and the decision was made to go beyond that amount following strong support from new and existing […]