Private Equity
Control and structured investments in established mid-market businesses with clear paths to scale.
Strategies / Equity
Overview
Our private equity strategy acquires meaningful ownership positions in profitable, cash-generative businesses where disciplined ownership, capital and operating support can materially change the trajectory of the company.
We focus on the mid-market — companies large enough to have defensible market positions, but small enough that professionalising commercial, financial and technology functions creates a step change in performance.
Every investment is underwritten on fundamentals rather than financial engineering: durable demand, pricing power, recurring revenue and management teams that want a partner rather than simply a cheque.
20+ yrs
Investing across cycles
180
Past and present portfolio companies
5–7 yrs
Typical hold period
What We Look For
- Enterprise values between A$50m and A$500m
- Founder succession, corporate carve-outs and management buyouts
- Business services, industrials, healthcare, consumer and software
- Majority or structured minority positions with governance rights
Our Approach
Origination
Proprietary, relationship-led sourcing built over two decades rather than broad auction processes.
Diligence
Commercial, operational and financial diligence conducted alongside our operating partners.
First 100 days
A costed value creation plan agreed with management before completion, with clear owners and milestones.
Exit
Prepared from day one — trade sale, sponsor-to-sponsor or public market listing where appropriate.