Talk:Pacific Equity Partners

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Comprehensive Edit Request for Pacific Equity Partners - COI

Hi, I'm LizziePEP, a current employee of Pacific Equity Partners. You can find out more about me on my user page, and through my current contributions on the Pacific Equity Partners Talk page. I have endeavoured to follow all COI and paid editor guidelines as closely as possible - let me know if I can be doing more to be fully compliant and transparent.

I'm proposing a number of changes and amendments to the current Pacific Equity Partners article, and would greatly appreciate the feedback and comments of experienced Wikipedia edits as to what should be tweaked in my contributions below. I have tried to reach out to previous article editors (with little success) and through the Wikipedia Help feature an editor recommended I submit an edit request for the article to get the input of other editors. Do let me know what you think.

  • What I think should be changed:

I propose the following rework to the introductory section of the article (the first three paragraphs):


Pacific Equity Partners (PEP) is an Australasian alternative investment firm that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies.

As of March 31st, 2022, assets under management ("AUM") were A$8.6B,[1] making PEP the largest Australasia-based private equity firm.[2]

The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Tim, Rickard and Simon previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation.[3][4] In 2019, Tim Sims AM was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives.[5]

The firm was the first institutional private equity firm established in Australasia. It was initially set up as a joint venture with US private equity firm Bain Capital,[6] which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election.[7]

Since its founding, PEP has completed over 100 transactions with combined aggregate value of A$43B and has generated a gross IRR of 44% across its funds.[8]


Under the 'Investments' heading, I suggest inserting the following


PEP has led eight public to private buyout transactions in Australasia including Spotless, Patties, LifeHealthcare, Zenith Energy and Citadel, which is more than any domestic or international private equity firm operating in Australasia.[9]

The firm has been a recipient of various Australian and international private equity industry awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year, as well as being included in the Top 20 Consistent Performers Globally by Preqin.[10][11]


The paragraph beginning 'PEP has made more than 30 operating company investments...' to follow. After that, insert the following paragraph:


Among the firm's largest historical investments include Spotless,[12] Link Group,[13] Veda,[14] Allied Pinnacle and Manuka Health,[15] which have each received awards and accolades from industry body Australian Investment Council.


"Some of the firm's current investments..." paragraph is out of date. I suggest updating to the following

Firm’s current investments include Intellihub,[16] Modern Star,[17] iNova Pharmaceuticals,[18] Healthe Care and Zenith Energy.[19][20]


Happy to leave the informative detail about investment exits in 2018-19, and willing to add detail about more recent exits if appropriate.


  • Why it should be changed:

The Pacific Equity Partners Wikipedia page hasn't been updated in some years. Some figures and information about deal activity has fallen out of relevance. I hope these changes will appropriately update the article and reflect the firm's recent investment activities.


  • References supporting the possible change (format using the "cite" button):

(Below)


Lizzie PEP (talk) 05:57, 15 June 2022 (UTC)[reply]

In selecting which investment acquisitions and divestures to show, I can see two logical bases: include those firms that have Wikipedia articles of their own, or those where the largest investments are involved, while in either case, focussing on those involving a change of control of the company/. I normally do not like using tables instead of text, but this might be a god place to use tables. Rember that if someone is looking for the most current or complete information, your company's web page is the obvious place to go.
I don't seethe point of "wards and accolades from industry body Australian Investment Council." if you include this you need an exact specification and a reference for each, but I think you'd need to show it significant for the general reader. In the section "The firm realised a strong return from the sale of ... which it exited in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including ..., allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing"
You cannot use vague adjective instead of numbers and you need to put numbers in contest -- % share, controlling interest etc.
" which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election." is name dropping--remove it. If the company founder received an OA as a philanthropist we need an article on him, but should not mention it here.
"awards and accolades" is jargon. largest" always needs a good third party source. Ref `14 is not 3rd party. Never refer to anyone except a performer by their first name alone. Try for conciseness "that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies." should be "that manages g private equity, infrastructure, credit, and other alternative investment strategies."
I think the way to go from here is a complete revision . Please do it in your user space and let me know when ready. It's much more effective than listing many minor changes. DGG ( talk ) 07:06, 8 September 2022 (UTC)[reply]
Hi @DGG, thank you very much for taking the time to look over and review this. Incorporating your feedback, I have put a complete revision of the article in my user space here: User:Lizzie PEP/sandbox
I would be open also to formatting the investments into tables, but have left as text for now. The section regarding Manuka precedes this edit request by some years… might be another question as to whether or not to change it.
Thanks again for your initial review, please let me know what you think of the full revision Lizzie PEP (talk) 05:28, 14 September 2022 (UTC)[reply]

References

  1. ^ "Pacific Equity Partners - About Us". www.pep.com.au. Retrieved 15 June 2022.
  2. ^ Mendoza, Carmela. "Pacific Equity Partners on why the Australian mid-market is thriving". Private Equity International. Retrieved 10 April 2019.
  3. ^ "Australia's Private-Equity Deals for the New Year". Wall Street Journal. Retrieved 15 June 2022.
  4. ^ Wilson, Drew. "Privately Speaking: Tim Sims of Pacific Equity Partners". Private Equity International. Retrieved 15 June 2022.
  5. ^ Carter, Bridget. "Following his father's example". The Australian. Retrieved 15 June 2022.
  6. ^ Martin, Tim (Winter 1999). "Australian Buyout Market — History and Potential". The Journal of Private Equity. 2 (2): 15–30. Retrieved 15 June 2022.
  7. ^ Taibbi, Matt. "Greed and Debt: The True Story of Mitt Romney and Bain Capital". Rolling Stone. Retrieved 15 June 2022.
  8. ^ "About Us - Pacific Equity Partners". Pacific Equity Partners.
  9. ^ Thompson, Sarah; Macdonald, Anthony; Sood, Kanika. "PEP hits 4x money at LifeHealthcare". Australian Financial Review. Retrieved 15 June 2022.
  10. ^ Thompson, Sarah; Macdonald, Anthony. "PEP closes $2.1 billion-plus Fund V, nabs Preqin gong". Australian Financial Review. Retrieved 15 June 2022.
  11. ^ "About Pacific Equity Partners". Asian Venture Capital Journal. Retrieved 15 June 2022.
  12. ^ Hobbs, Michael. "Spotless agrees to PEP buyout offer". Australian Financial Review. Retrieved 15 June 2022.
  13. ^ Thompson, Sarah (12 October 2020). "PEP goes back to its ex at Link Group, this time with Carlyle". Australian Financial Review. Retrieved 15 June 2022.
  14. ^ Woodman, Andrew. "PEP exits the last of its stake in Australia's Veda". Asian Venture Capital Journal. Retrieved 15 June 2022.
  15. ^ Thompson, Sarah. "Pacific Equity Partners secures sale for Manuka Health; ANZ advises buyer". Australian Financial Review. Retrieved 15 June 2022.
  16. ^ Chong, Florence. "Brookfield takes stake in smart meter firm Intellihub for A$1bn". IPE Real Assets. Retrieved 15 June 2022.
  17. ^ Thompson, Sarah; Macdonald, Anthony. "PEP to buy Modern Star's Australian, NZ business for $600m". Australian Financial Review. Retrieved 15 June 2022.
  18. ^ Thompson, Sarah; Macdonald, Anthony. "iNova Pharmaceuticals sold to Pacific Equity Partners, The Carlyle Group". Australian Financial Review. Retrieved 15 June 2022.
  19. ^ Carter, Bridget. "Pacific Equity Partners to buy Healthe Care's acute care hospitals". The Australian. Retrieved 15 June 2022.
  20. ^ Lu, Maggie; Segal, Simon. "Deal focus: PEP reaches its Zenith". Asian Venture Capital Journal. Retrieved 15 June 2022.


@Lizzie PEP Hi, I am working to clean up the "request edit" backlog. I have read this request, reviewed all the comments, and the next section with a further request (not properly formatted). I also see you have made two recent edits directly to the to the article, even though you have been warned not to do so. I know it can be frustrating waiting for unpaid editors to deal with your request, but here we are. I will not revert your edits, but please make no more direct edits. I will try and clean up the article with the outstanding items and close these requests. Please submit new requests here for additional changes. Cheers. Duke Gilmore (talk) 20:14, 18 December 2022 (UTC)[reply]
Dear @Duke Gilmore, thank you for your comment and for your work in clearing the edit backlog. You're right - significant delays were becoming frustrating, but I'll exercise more patience in future. I note that this page has not been updated with content from the last 2-3 years, and as such I have suggested page amendments (factual and cited) which perhaps yourself or another editor could implement. Please see below, and do let me know what you think.
Since 2020, PEP has expanded its investment categories, moving into core-plus infrastructure, private credit investments, and global multi-manager funds (fund of funds).[1][2] Individual investments include retirement funding provider Household Capital,[3] traffic management business Altus Group,[4] retirement village provider Serenitas,[5] LMS Energy,[6] and allied health company Healthia.[7] In 2023, PEP completed fundraising for a second secure assets fund, raising $1.4 billion with the assistance of the Clean Energy Finance Corporation.[8] The firm also established a PEP Gateway product, a consolidation of other global private equity managers with a lower price of entry than typical private equity offerings. July 2023 saw the firm exit the last of its investments in Fund V, an A$2.1 billion fund created in 2015. Top-performing investments in this fund were hospitals business Evolution Healthcare and medical device distributor LifeHealthcare, both of which made investors four times their initial investment.[9] Lizzie PEP (talk) 23:48, 3 October 2023 (UTC)[reply]
Dear @Duke Gilmore, I'd also like to propose a small change to the introductory paragraph. Please see below, do let me know what you think. Thanks, Lizzie PEP (talk) 06:22, 4 October 2023 (UTC)[reply]
Pacific Equity Partners (PEP) is a private equity firm focusing on transactions in Australia and New Zealand. PEP invests across a range of industries and sectors, typically via leveraged buy-outs, and have expanded into private credit, core-plus infrastructure & managed funds in recent years. Lizzie PEP (talk) 06:22, 4 October 2023 (UTC)[reply]
I've done some edits to the page. I'll take a look at the above and see if there are notable items to include. MatthewDalhousie (talk) 00:49, 18 October 2023 (UTC)[reply]
Incidentally, while Australian Financial Review is considered a reliable source, it would be better form if source material came from a variety of mastheads. Just a thought. MatthewDalhousie (talk) 00:52, 18 October 2023 (UTC)[reply]
Dear @MatthewDalhousie, thank you for your feedback and edits, both very much appreciated. From looking at your notes, it seems a restructuring of the way historical and present investments are listed is necessary. I am fairly inexperienced with Wikipedia, but I can draft up in my sandbox a version that you might consider adding to the live article. I acknowledge your point about the Australian Financial Review… unfortunately it is the major point of news coverage in Australian finance, with the Australian Business Review (a section of a newspaper) a more distant second. I appreciate your help, and will aim to submit a draft investment schedule and text of history and culture section for your feedback soon. Thanks Lizzie PEP (talk) 06:17, 15 November 2023 (UTC)[reply]
Honestly, I would do it bit by bit.
I can see there are good articles from reliable sources around, including Bloomberg, Forbes and The Australian. MatthewDalhousie (talk) 06:45, 15 November 2023 (UTC)[reply]
Dear @MatthewDalhousie, good point on the other outlets. I believe some of those sources have been used elsewhere in the article. I've drafted up some additions to the article based on your feedback. It would be great to hear what you think. Feel free to take a look in my Sandbox, and by all means implement what you see fit. Link to Sandbox: User:Lizzie PEP/sandbox Thanks Lizzie PEP (talk) 06:14, 27 November 2023 (UTC)[reply]

COI edit request

  • Dear editors: - In the course of suggesting improvements to this article, I have been over several months discussing changes with editors both on this Talk page (including recently with MatthewDalhousie), and on the Talk pages of other editors. I've condensed much of the feedback I have received in this edit request, a course of action suggested by 331dot after leaving the draft in my sandbox for feedback for some time. Please let me know what you think of the proposed content - I would be glad to refine and resubmit.
@LizziePEP(New), these suggestions look okay and am happy to move this along. All the citations look pretty solid, except for the one used for "Current Investments" which points to a document from the subject being discussed, whereas we really would want to see a secondary source. Anything you can point to? (Also, we wouldn't say "current", we'd have it located to a date, such as "Investments as of January 2024."MatthewDalhousie (talk) 02:55, 21 February 2024 (UTC)[reply]
Also, the opening sentence needs to have simple explainer of what the entity is: Pacific Equity Partners is a private equity investment firm. (Or something like that.) MatthewDalhousie (talk) 03:32, 21 February 2024 (UTC)[reply]
Thanks again Matthew, the first two paragraphs of the article would remain unchanged, so the first sentence would remain "Pacific Equity Partners (PEP) is a private equity investment firm" LizziePEP(New) (talk) 23:51, 22 February 2024 (UTC)[reply]
Dear MatthewDalhousie, thanks for your response! Good point regarding Investments as of January 2024 - that should definitely be the table heading. Unfortunately, without going off the company website, we would have to find separate articles (probably from the AFR) for each investment… there may not be a source for each one. My thought was that the website source may be acceptable as it is only a list (therefore no room for qualitative input!). I can go back see what article sources I can find. LizziePEP(New) (talk) 23:50, 22 February 2024 (UTC)[reply]
I'm afraid that's the only way to do it. If you can provide AFR articles to support each category, then I think you have a way forward. MatthewDalhousie (talk) 00:41, 23 February 2024 (UTC)[reply]
Looks like those citations are in hand. MatthewDalhousie (talk) 07:34, 23 February 2024 (UTC)[reply]
  • Why it should be changed: To update a page that hasn't seen substantial changes in some years. See below for changes:

Changes to introductory section: Following making it the largest private equity firm in Australia...

Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners.[10]

The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind.[11]


History & Culture

Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content.


Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure.[12] Staff longevity and team-based approaches to deals, likened to a management consulting ethos, have been identified as key drivers of its success in the Australian market.[13]


New Section - Investment Schedule

Current Investments [14]
Business Name Fund Year Acquired Transaction Type
Zenith Energy SAF I 2020 Public to Private
Magentus Fund VI 2020 Public to Private
Modern Star Fund VI 2020 Secondary
Healthe Care Fund VI 2021 Corporate Carve-out
Agright SAF I 2022 Private Vendor
Intellihub Smart Metering Fund 2022 Secondary
Cranky Health Fund VI 2022 Private Vendor
Altus Traffic Fund VI 2022 Private Vendor
iNova Pharmaceuticals Fund VI 2022 Corporate Multinational Carve-Out
UP Education Education SPV 2023 Secondary


LizziePEP(New) (talk) 06:28, 20 February 2024 (UTC)[reply]

@LizziePEP(New)to make things simple for me, and to keep some wiki conventions that readers and editors seem to appreciate, I'm going to suggest that the investment table has some similarities to tables used on articles in this category, such as Blackstone Inc and KKR. That way readers can easily move between said articles and absorb the relevant information. Hope that's okay. I further suggest that we have two tables. One that is current as of 2024. A second that shows previous non-current investments.
Not sure what "Fund" means exactly - perhaps you can clear up. Do you mean which fund has the stake in said investment? Do set out when you have time. MatthewDalhousie (talk) 01:29, 23 February 2024 (UTC)[reply]
Dear Matthew, thanks for this response, and apologies for the delay in getting back to you! Thank you for restructuring the tables and implementing those changes - they look really good. I would be happy to construct a second table for non-current investments and clear up your question about funds: the fund information refers to the pool of investments (of which private equity firms usually have multiple) that a particular investment is situated in. Funds start out as a pool of money sourced from investors, and may have a theme (health, infrastructure, etc) or special purpose (environmental benefit, education, etc) or may just be named sequentially. LizziePEP(New) (talk) 06:19, 7 March 2024 (UTC)[reply]
Thanks for the explanation. I ask because I couldn't see anything definitive on what the 2024 number for funds under management actually is. Can you point me to a good secondary source.
If you're happy to do the work on the "Previous investments" table, that would be excellent. MatthewDalhousie (talk) 22:59, 7 March 2024 (UTC)[reply]
Hi MatthewDalhousie, please see below in new topic for a draft Previous Investments table. Apologies if the formatting of this discussion page has become a little rogue. A good secondary source for the most recent (2023) quote for funds under management (which sits at $9bn) can be found here. Thank you for all of your help in this process. LizziePEP(New) (talk) 06:20, 19 March 2024 (UTC)[reply]
Nicely done. Very clear. Article much improved. MatthewDalhousie (talk) 07:06, 19 March 2024 (UTC)[reply]
Hi @MatthewDalhousie:, thank you for your last round of edits. I had one further addition to suggest, to be input after the fourth paragraph of the article. This discusses one of PEP's products, which is a private credit fund. I also note there are some inconsistencies in how figures are represented. Might you or I be able to standardise them - $X billion or $Y million? At the moment, numbers are formatted differently. Thanks so much, let me know what you think of the addition below.
PEP also launched Capital Solutions, an open-ended private credit investment fund, in 2021 [15] [16]. The fund aims to offer strategic, senior secured credit solutions to Australian and New Zealand businesses [17] [18][19] . The strategy likely targets low-mid size businesses, where the PEP investment team believes they can help shape strategic direction of the portfolio company [20] [21]. LizziePEP(New) (talk) 06:27, 26 March 2024 (UTC)[reply]
@LizziePEP(New) Sounds okay. Will need to follow the Wikipedia Manual of Style on this one. So first mention of amount in local currency should be A$10 billion, then the subsequent amounts (given that only Australian dollars are used) would be $3bn etc. If I'm following the MoS correctly, we would revert to million/M, from there, so, for example $150M (not $0.15bn). Thoughts? MatthewDalhousie (talk) 07:05, 26 March 2024 (UTC)[reply]
Hi @MatthewDalhousie,
Formatting as you have suggested here seems appropriate! Would you be happy to implement it? I can otherwise - it should be fine to do so as it is a minor edit. Let me know if you have any thoughts on that addition regarding the PEP credit fund (above). Thanks LizziePEP(New) (talk) 06:10, 2 April 2024 (UTC)[reply]
Yep, I see no problem with that, go for it. MatthewDalhousie (talk) 23:44, 2 April 2024 (UTC)[reply]
Thank you very much for your help @MatthewDalhousie. I've made those minor edits. Let me know if you had any thoughts on that proposed addition above. Would be glad to hear feedback. Many thanks LizziePEP(New) (talk) 07:10, 16 April 2024 (UTC)[reply]
The numeric updates seem fine, @LizziePEP(New). With regards the Capital Solutions material, I honestly think that needs a little more context, and deserves its own section. I take it that the company has five "strategies", which are products of a kind, and that Capital Solutions is one of those strategies? If so, this could be neat table in its own section, which could live under past investments. Make sense to you?MatthewDalhousie (talk) 00:00, 17 April 2024 (UTC)[reply]
Also, is it true to say the company has a product, or strategy, that it has now closed off, or retired? Then the section would need to make that clear too. MatthewDalhousie (talk) 00:01, 17 April 2024 (UTC)[reply]
Hi @MatthewDalhousie, I hope you are well. Thank you for your comments, I am in the process of outlining the five strategies in a more fulsome manner and will get back to you on this wording soon. Regarding your question about a product/strategy, in our context, these are never closed off or retired but there are series/funds within each strategy that can be closed. LizziePEP(New) (talk) 07:10, 23 April 2024 (UTC)[reply]

References

  1. ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 2023-07-30. Retrieved 2023-09-25.
  2. ^ "Pacific Equity Partners unveils new strategy: capital solutions". Australian Financial Review. 2021-03-25. Retrieved 2023-09-25.
  3. ^ "Pacific Equity Partners forges into reverse mortgage sector". Australian Financial Review. 2023-08-13. Retrieved 2023-09-25.
  4. ^ "ANZ, CommBank fuel PEP's traffic play Altus Group". Australian Financial Review. 2022-10-11. Retrieved 2023-09-25.
  5. ^ "Pacific Equity Partners' gun SAF team seek exclusivity on $1b deal". Australian Financial Review. 2023-07-20. Retrieved 2023-09-25.
  6. ^ "PEP knocks off IFM Investors in LMS battle". Australian Financial Review. 2023-09-19. Retrieved 2023-09-25.
  7. ^ "Pacific Equity Partners reaches $252m deal to buy Healthia". Business News Australia. Retrieved 2023-09-25.
  8. ^ "PEP hits $1.4b for second secure assets fund, CEFC tips in". Australian Financial Review. 2023-05-07. Retrieved 2023-09-25.
  9. ^ "PEP hits 4x money at LifeHealthcare". Australian Financial Review. 2022-06-01. Retrieved 2023-09-25.
  10. ^ Weinman, Aaron (7 November 2023). "Fund that returned 23pc targets billions in investment". Australian Financial Review. Retrieved 19 November 2023.
  11. ^ Thompson, Sarah; Sood, Kanika; Rapaport, Emma (30 October 2023). "PEP prepares biggest fund to date, pitches proven money-making prowess". Australian Financial Review.
  12. ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023. Retrieved 19 November 2023.
  13. ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023.
  14. ^ "Strategies". Pacific Equity Partners.
  15. ^ Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (25 March 2021). "Pacific Equity Partners unveils new strategy: capital solutions". Australian Financial Review.
  16. ^ Thompson, Sarah; Sood, Kanika (13 August 2023). "Pacific Equity Partners forges into reverse mortgage sector". Australian Financial Review.
  17. ^ Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (25 March 2021). "Pacific Equity Partners unveils new strategy: capital solutions". Australian Financial Review.
  18. ^ Thompson, Sarah; Sood, Kanika (13 August 2023). "Pacific Equity Partners forges into reverse mortgage sector". Australian Financial Review.
  19. ^ Macdonald, Anthony; Redrup, Yolanda (26 September 2021). "MoneyMe meets Pacific Equity Partners, $50m deal kick starts agreement". Australian Financial Review.
  20. ^ Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (25 March 2021). "Pacific Equity Partners unveils new strategy: capital solutions". Australian Financial Review.
  21. ^ Thompson, Sarah; Sood, Kanika (13 August 2023). "Pacific Equity Partners forges into reverse mortgage sector". Australian Financial Review.

LizziePEP(New) (talk) 06:28, 20 February 2024 (UTC)[reply]

Previous investments table

Previous Investments
Investments Year Acquired Description of Transaction Ref.
Hoyts 2007 Purchase valued Hoyts' Australian and New Zealand operations at $440 million, then on-sold to Wanda Cinemas in 2015. [1]
Independent Liquor 2006 Purchased in partnership with Unitas Capital for $600 million, later sold to Asahi Breweries for $1.3 billion. [2]
Griffin's Foods 2006 Acquired from Danone in 2006 and sold to Universal Robina in 2014. [3]
Frucor
 1998 The first investment made by the firm. Purchased for $NZ67 million, later sold to Suntory in 2008. [4]
Peters Ice Cream 2012 Terms of the deal not disclosed. Sold to Froneri in 2014 for just under $450 million. [5]
Tegel Foods 2005 Acquired from Heinz for $250 million, later sold to Affinity Equity Partners in 2011 for $600 million. [6]
WINconnect 2019 Purchase of community energy network provider for deal understood to be worth around $100 million. Purchased by Origin Energy in 2021.[7] [8]
Manuka Health 2015 Sold in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company's operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing.[9] [10]
Allied Pinnacle 2015-17 Acquired Pinnacle Bakery & Integrated Solutions ($200 million), a maker of bakery ingredients and frozen baked products, from Kerry Group in 2015, before adding Allied Mills ($455 million, including debt) in March 2017. Sold to Japan's Nissin Foods in February 2019. [11]
ACG 2015 NZ private education provider. Divested in 2018 to UK-based Inspired Education Holdings.[12] [13]
  1. ^ "Hoyts to be sold to private equity group". ABC News. 2007-09-24. Retrieved 2024-03-18.
  2. ^ Dealbook (2011-08-18). "Asahi to Buy New Zealand Liquor Company". DealBook. Retrieved 2024-03-18.
  3. ^ "Pacific Equity buys Griffin's Foods". The Age. 2006-04-01. Retrieved 2024-03-18.
  4. ^ Anand, Sameera (2008-10-27). "Suntory wins Danone's Frucor business". FinanceAsia. Retrieved 2024-03-18.
  5. ^ "PEP jettisons Peters Ice Cream for close to $450m". Australian Financial Review. 2014-05-27. Retrieved 2024-03-18.
  6. ^ McNabb, Denise. "PEP eyes big NZ poultry investment". businessdesk.co.nz. Retrieved 2024-03-18.
  7. ^ Evans, Lauren (2021-12-20). "Origin Energy (ASX:ORG) to acquire WINconnect for $42.4m". Finance News Network. Retrieved 2024-03-18.
  8. ^ "PEP gets energised ahead of long Village Roadshow tilt". Australian Financial Review. 2019-12-19. Retrieved 2024-03-18.
  9. ^ "AVCJ Awards 2018: Responsible Investment: Manuka Health | AVCJ". https://www.avcj.com. 2018-12-18. Retrieved 2024-03-18. {{cite web}}: External link in |website= (help)
  10. ^ "Pacific Equity Partners secures sale for Manuka Health; ANZ advises buyer". Australian Financial Review. 2018-09-27. Retrieved 2024-03-18.
  11. ^ "PEP secures just under $1b for flour, baked goods maker Allied Pinnacle". Australian Financial Review. 2019-02-27. Retrieved 2024-03-18.
  12. ^ "Education business returns capital despite pandemic". Private Equity Media. Retrieved 2024-03-18.
  13. ^ Hancock, Farah (2018-06-22). "Sale rumoured for prestige schools". Newsroom. Retrieved 2024-03-18.

LizziePEP(New) (talk) 06:15, 19 March 2024 (UTC)[reply]

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