The Australian Private Equity and Venture Capital Association revealed statistics which indicated that private equity activity in the region had heated up following a soft period.
Australia
Nine Entertainment to raise AUD643 million in Australia's second-biggest IPO this year
Nine Entertainment Co., Australia's second-largest media company, seeks to raise AUD643 million (USD582 million) in its initial public offering. If successful, the deal could give Nine a market capitalization of AUD1.93 billion.
Brisbane firm Blue Sky to raise USD25.59 million through share sales
Brisbane-based private equity fund manager Blue Sky Alternative Investments Ltd plans a USD25.59 million fundraising by the end of 2013 through a series of share sales.
Australian carrier Qantas considers stake sale -report
If the Australian federal government does not boost Qantas Airways Ltd's credit ratings, the national carrier may sell its shares in its frequent flyer division or Jetstar's Asian arm, the Australian Financial Review (AFR) reported.
Australian private equity exits capitalize on robust investor demand- report
Private equity firms are rushing to cash in on strong investor demand as evidenced by the flood of initial public offerings this year, according to a report.
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As the second-biggest mining company in the world, Rio Tinto Group, struggles against the drop in mineral prices, the company resolved to reduce its capital spending to around USD8 billion in 2015.
German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce company in the Asian Pacific region.
Malaysian conglomerate Sime Darby Bhd announced that it has agreed to purchase a 70% stake in Australian car dealer Brisbane BMW Unit Trust and LMM Holdings Pty Ltd for AUD22.7 million (USD20.75 million).
Dairy farmer Geoff Akers, the new chair of Dairy Australia, says the surge in takeover bids for milk processing companies is a good change for the industry.
The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.
San Francisco-based web app Swarm Mobile raised around USD3.5 million to develop technology that can track in-store shoppers through their smartphones to help physical stores compete with e-commerce retailers.
Australian Prime Minister Tony Abbott said today the government may purchase a stake in Qantas Airways to help the troubled carrier compete with better-financed rivals.
Sydney-based gold and copper mining exploration firm Elysium Resources Ltd has successfully completed its takeover offer for unlisted Burraga Copper Ltd in New South Wales.
