Ironbridge to Privatise IT Financial Services Firm Bravura, at 48% > 3 month VWAP

28th June 2013. ASX-listed IT financial services firm Bravura (ASX:BVA) has announced the receipt of an indicative, non-binding, conditional proposal from its majority shareholder, private equity firm Ironbridge Capital to acquire all outstanding shares and options in the Company. Under the Scheme Proposal, Ironbridge has offered $0.28 cash per Bravura share less the amount of […]

MYOB acquires bank transaction business BankLink for NZ$136m (A$114m)

14th May 2013. MYOB Holdings Pty Limited (“MYOB”), today announced that one of its subsidiaries has signed an agreement to purchase bank transaction data firm BankLink from Media Transfer Services Limited (MTS). BankLink automates and streamlines the accounting process for over 4,500 accounting practices and 320,000 small business clients across New Zealand, Australia, and the […]

NICTA Back Pain Implant Company Saluda Medical Spins Out with A$5M Investment From John Kinghorn

13th Feb 2013. NICTA, Australia’s Information and Communications Technology (ICT) Research Centre of Excellence, has announced the spin-out of Saluda Medical Pty Limited, a medical device company focused on spinal cord stimulation for the relief of chronic pain, with A$5m of investment from milionaire businessman and RAMS home loans founder John Kinghorn, through his family […]

Carnegie VC Fund Acquires 55% of Melbourne Asset Management Software Firm Assetic for A$10m

15th Jan 2013. Mark Carnegie’s venture capital fund has announced it has secured a 55% stake in Melbourne-based asset management software firm  Assetic, for A$10 million. His Carnegie Venture Capital Fund, an Australian Government IIF-backed fund and Carnegie Private Opportunities Fund have made the latest investment. Assetic tuns several million sales a year and is growing […]

Czech/Australian Defence Gaming Firm Bohemia Interactive Simulations Secures Investment from Riverside Company

6th Jan 2013. Czech/Australian defence gaming firm Bohemia Interactive Simulations s.r.o. (BISim) has announced it has secured investment from global private equity firm the Riverside Company. Terms of the investment have not been disclosed. Based in Prague but with Australian connections, BISim is a market leading innovator, developer and provider of games for training technology […]

News Corp Divests Online Training Company Learning Seat to Private Equity Backed Management Buyout

7th Nov 2012. Melbourne-based e-Learning company Learning Seat has been acquired by a private equity backed management buyout brokered by advisory firm Wingate Group. The transaction terms have not being disclosed. With offices in Melbourne, Sydney, Brisbane and Adelaide, Learning Seat is a Melbourne-based supplier of web-based learning programs for Australian corporations, government groups, industry […]

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 […]

James Packer’s Ellerston Capital Invests A$5m into Freight Aggregator Temando

14th Feb 2012. Brisbane-based Freight aggregator Temando, has secured a A$5m investment from James Packer’s investment fund, Ellerston Capital. Terms have not been disclosed. Temando is forecast to be profitable this year and the fund injection from Ellerston will give it additional capital to expand. “The recent investment by Ellerston Capital in Temando gives us […]

APN invests in Friendorse and sets up a JV Fund with Incubator Pollenizer

23rd Jan 2012. Diversified news and media firm APN (ASX:APN) has taken a 25% stake in Friendorse following a successful trial of the start-up. Friendorse is a neighbourhood-based community recommendations web service for local businesses. According to Smartcompany magazine, APN chief development officer Matt Crockett said APN only took a 25% stake in Friendorse because

Jacobs Engineering Acquires Australian IT Services Firm Uniqueworld

2nd Dec 2011. Jacobs Engineering Group Inc. (NYSE: JEC) has announced the acquisition of UniqueWorld, an Australian IT services company head officed in Sydney, by its Australian subsidiary, Jacobs Australia Pty Ltd. In a simultaneous announcement, Uniqueworld shareholder ASX listed Tag Pacific (ASX:TAG) announced that Uniqueworld management had completed a buyout of Uniqueworld’s RecordPoint software […]

1300 RECORD Receives A$1.5 million Funding From Innovation Capital

17th Nov 2011. Innovation Capital has announced it has invested a $1.5mn first funding tranche into 1300 RECORD Pty Ltd to fund the establishment of new distribution channels to market the growing Australian-owned cloud communications company. 1300 RECORD gives business the ability to record important phone calls – incoming and outgoing – from any phone, […]

Sydney Data Modelling Firm Kaggle Raises US$11m in High Profile Series A Finance Round

5th Nov 2011. Kaggle, a platform for predictive data modeling competitions, has raised $11 million in Series A financing led by Index Ventures and Khosla Ventures. SV Angel, Yuri Milner’s Start Fund, Stanford Management Company, which invests and manages Stanford University’s endowment and other financial assets, PayPal Founder Max Levchin; Google Chief Economist Hal Varian; […]

Starfish invests A$3m in Graphic Design Marketplace DesignCrowd

3rd Nov 2011. Sydney-based graphic design crowdsourcing marketplace DesignCrowd has received a A$3M investment from leading Australian venture capital firm Starfish Ventures. DesignCrowd.com is an online marketplace that helps businesses around the world outsource or “crowdsource” creative projects. It was founded in 2007 by Alec Lynch at the age of 23 from his “mother‟s dining […]

UXC Completes A$61m Sale of Field Solutions Group To Utility Services Group

8th Sept 2011. IT services company UXC Limited (ASX:UXC) has completed the divestment of its Field Solutions Group to Utility Services Group Limited for $61 million on a debt free, agreed cash basis. Simultaneously, UXC has announced FY11 results for its ongoing IT Services business; with IT revenue growing by 11% to $522 million, and […]

Bain Capital Acquires MYOB for Approx A$1.2bn and 11.5 times EBITDA

21st Aug 2011. Bain Capital announced today that it has signed a definitive agreement to acquire MYOB Ltd, Australia’s largest independent software vendor, from a consortium led by Archer Capital that also included international investment firm HarbourVest Partners. Whilst financial terms of the transaction are confidential and have not been disclosed, press speculation puts the […]

BigCommerce Closes US$15m Series A Investment from General Catalyst Partners

1st Aug 2011. Sydney-based BigCommerce, the fastest growing e-commerce platform in the world with almost 20,000 clients, today announced the closing of a US$15 Million Series A investment from General Catalyst Partners. In addition, Larry Bohn, managing director at General Catalyst, has joined the BigCommerce board. The funds will be used to rapidly expand the […]

Toshiba to Acquire “Aussie” Landis and Gyr for $US 2.3bn

19th May 2011. After a tightly fought contest, Swiss-based “Australian” Landis+Gyr today announced that Toshiba Corporation (TOKYO:6502) has entered into a definitive sale agreement under which Toshiba, one of the world’s leaders in electronics and power systems, will acquire Landis+Gyr, the global leader in energy management solutions for utilities, for US$2.3 billion in cash, to […]

Macquarie Capital Group invests in eDiscovery provider Nuix

17th May 2011. Nuix, a leading provider of electronic discovery (eDiscovery) and investigation technology software, today announced that Macquarie Capital Group Limited has invested in its business, accelerating the company’s next phase of business growth and expansion. Financial terms have not been disclosed. Macquarie’s decision to invest in Nuix is in recognition of the company’s […]

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 […]

Accel Partners Leads $35m Investment in 99designs to Drive Global Expansion

28th April 2011. Melbourne and San Francisco- based 99designs, the largest online marketplace for crowdsourced graphic design services, announced a $35 million first-round investment led by Accel Partners, with participation from angel investors Michael Dearing (eBay, Harrison Metal), Dave Goldberg (Survey Monkey), Stewart Butterfield (Flickr, Tiny Speck), and Anthony Casalena (Squarespace). Andrew Braccia and Ryan […]

Packers Ellerston Capital Acquires Minority Stake in DealsDirect.com.au for est A$10m

5th April 2011. Billionaire and casino operator James Packer has stepped into the online retailing space through an investment in DealsDirect.com.au. DealsDirect, which brands itself as an online department store, says that the stake taken by Ellerston Capital, owned by the Packer family’s Consolidate Press Holdings, was a “minority cornerstone investment”. The transaction, estimated by […]

Spectrum Equity Investors Acquires 10.2% of iSelect for A$30.16 million

10th March 2011. In a deal that values iSelect at A$300m, US private equity firm Spectrum Equity Investors has acquired 10.2% of existing iSelect shares for A$30.16m. In 2010 iSelect had revenue of A$43 million and EBITDA of $9.3 million, pricing the investment at an effective 6.97 times sales and 32 times 2010 EBITDA. Whilst […]

Nine Entertainment Divests 49.1% of Carsales.com for A$575m

7th March 2011. Carsales.com (CRZ) has announced that a subsidiary of Nine Entertainment, owned by private equity firm CVC Asia Pacific, has sold its 49.1 per cent stake in carsales.com in a $4.92 a share in a deal underwritten by investment bank UBS totalling A$575m. The $4.92 a share sale, by ACP Magazines, was sold […]

Redflex Recommends A$300m Bid From Macquarie Bank and Carlyle Group

21 Feb 2011. Refdlex (ASX:RDF) has announced it has entered into a Scheme Implementation Agreement (“SIA”) with an entity associated with The Carlyle Group and Macquarie Group Limited for their acquisition of Redflex Holdings for A$2.70 cash per share, valuing Redflex’s total equity at approximately A$300 million. The offer has been unanimously recommended by the […]