M&A Deal Summary

KKR Acquires Australian Venue

On June 30, 2017, private equity firm KKR acquired leisure company Australian Venue

Acquisition Highlights
  • This is KKR’s 5th transaction in the Leisure sector.
  • This is KKR’s 6th transaction in Australia.
Investment Fate
  • Australian Venue was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2017-06-30
Target Australian Venue
Sector Leisure
Buyer(s) KKR
Deal Type Buyout (LBO, MBO, MBI)

Target

Australian Venue

Melbourne, Australia
Australian Venue Co. (AVC) is a food and beverage-led hospitality group that owns and operates more than 210 pubs, bars, and event venues across Australia and New Zealand. Australian Venue Co. is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 242 of 483
Sector (Leisure) 5 of 7
Type (Buyout (LBO, MBO, MBI)) 39 of 66
Country (Australia) 6 of 15
Year (2017) 23 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Visma

Oslo, Norway

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Cardenas Markets

Ontario, California, United States

Cardenas Markets operates 31 store locations throughout the Inland Empire Imperial County, Pomona, and Las Vegas Nevada. Offering customers, the best shopping experience with a wide selection of quality and fresh products, great service at a superior value. Cardenas Markets was founded in 1981 and is based in Ontario, California.

Buy -
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