Positive growth, improving cash flows, strengthening balance sheets...
In this month’s PE lunch with KPMG Australia, it was noted that during FY19, Private Equity was involved in deploying $2b in the mid-market space on a range of targets across retail (Sushi Sushi, Universal store, Guzman Y Gomez), consumer food (SPC Capilano, Fine Foods Australia), industrial (Viridian Glass, Legend Corporation), financial services (Paywise, World Remit, Claim Central) and medical services (Zenitas Healthcare, Evolution Healthcare, Cellcare).
Positive growth, improving cash flows, strengthening balance sheets, low cost of debt,investor support and CEO confidence all continued to boost M&A activity in the past five years.
Throughout FY19 there were 50 deals completed and FY20 YTD, 11 deals have already been completed with both domestic and overseas funds continuing to seek investment opportunities across a variety of sectors in Australia. Great to also see that KPMG Corporate Finance have been involved in the mid-market, and congratulations to Peter Turner, Luke Lawrentschuk and their team for being the number #1 advisers on range sectors.
**Special thanks to Andrew Bayliss and TaylorMade Golf for the top-quality kit. Don’t be surprised if you see some Foley Durham balls coming your way on the fairway this summer!
Should you have an interest in Private Equity, call the team at Foley Durham.
If you have an interest attending one of our upcoming Boardroom lunches co-hosted by KPMG & Foley Durham, please call Anna in our office on 0423 291 048.