The best Australian private equity deals of 2017

Rosie Hallam/Getty Images

Blue Sky Venture Capital, Allegro Funds, Quadrant Private Equity and KKR have been recognised for closing the best deals of the year in Australia.

The Australian Private Equity and Venture Capital Association Limited (AVCAL) announced the winners at its annual conference in Melbourne, recognising the four private equity firms for successful investments in Pet Circle, Great Southern Rail, Canberra Data Centres and GenesisCare.

“Each year we look for the standout private equity and venture capital firms that are building better Australian businesses both through investment and returns, beyond the bottom line,” says AVCAL chief executive Yasser El-Ansary.

The winners:

    Blue Sky Venture Capital for its investment in Pet Circle.

    BEST MANAGEMENT BUYOUT under $75 million
    Allegro Funds for its investment in Great Southern Rail.

    BEST MANAGEMENT BUYOUT $300 million – $500 million
    Quadrant Private Equity for its investment in Canberra Data Centres.

    BEST MANAGEMENT BUYOUT above $500 million
    KKR for its investment in GenesisCare

The Chairman’s Award, recognising an individual’s contribution to the growth and evolution of the industry, was awarded to Fiona Lock of CHAMP Private Equity for her efforts in improving diversity across private equity and venture capital in Australia.

She is the co-chair of AVCAL’s Diversity Committee, which has led a number of key initiatives within the industry over the last three years, including the introduction of mentoring programs, changes in recruitment practices, and forging stronger links with Australian universities.

OneVentures took home the Diversity Award for 2017 for its commitment to increasing diversity both within the firm’s management team, right through to their portfolio companies.

“OneVentures has implemented a number of initiatives that set a high benchmark for the broader private equity and venture capital industry, including targets for gender balance in their recruitment practices, to investment in professional development programs for their teams,” says El-Ansary.

Details of the businesses getting private equity investment:

Pet Circle was established in 2011 to help people care for their pets by making purchasing pet products as simple as possible. More than six years later, more than 200,000 pet owners trust Pet Circle with their pet product shopping, make it Australia’s largest online retailer of pet supplies.

Great Southern Rail has owned and operated The Ghan (Adelaide-Alice Springs-Darwin), the Indian Pacific (Sydney-Adelaide-Perth) and The Overland (Melbourne-Adelaide) rail journeys since 1997 when it became the first transcontinental passenger rail business to be privatised in Australia. Great Southern Rail is part of the Experience Australia Group.

Canberra Data Centres operates four data centres in the ACT. Each is custom designed to CDC’s demanding structural, environmental, ascetic and operational requirements to meet the highest standards for data centres.

GenesisCare has greatly improved access to better health care and improved quality of essential medical products and services globally, employing more than 2000 dedicated health professionals across more than 125 sites. Daily, the business provides high quality specialist care to over 2,500 patients with cancer and cardiovascular disease, two of the biggest disease burdens globally. It is Australia’s largest provider of radiotherapy, radiation oncology, cardiology and sleep treatments, operating 25 cancer centres in major metropolitan and regional areas.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.