M&A Deal Summary

Pacific Equity Partners and Allegro Funds Acquire UP Education

On September 1, 2015, private equity firm Pacific Equity Partners and distressed investor Allegro Funds acquired education company UP Education

Acquisition Highlights
  • This is Pacific Equity Partners’ 1st and Allegro Funds’ 1st transaction in the Education sector.
  • This is Pacific Equity Partners’ 5th and Allegro Funds’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2015-09-01
Target UP Education
Sector Education
Buyer(s) Pacific Equity Partners
Allegro Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

UP Education

Auckland, New Zealand
UP Education is a vocational training provider, educating a mix of local and foreign students coming to New Zealand to attain a globally recognised qualification. UP Education is based in Auckland, New Zealand.

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Buyer(S) 2

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


DEAL STATS #
Overall 18 of 37
Sector: Education M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 18
Country: New Zealand M&A 5 of 7
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-08 Pinnacle Bakery & Integrated Ingredients

Newington, Australia

Pinnacle Bakery & Integrated Ingredients manufactures and distributes finished backed good, forzen and unbacked specialty products. Pinnacle Bakery & Integrated Ingredients is based in Newington, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-11 Manuka Health New Zealand

Te Awamutu, New Zealand

Manuka Health New Zealand Ltd. is a manufacturer of natural health and beauty products. Manuka Health New Zealand was established in 2006 and is headquartered in Te Awamutu, New Zeland.

Buy -
Buyer

Allegro Funds

Sydney, Australia

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 4.8B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Allegro Funds is an independent private equity firm focused on mid-sized investment opportunities in Australia and New Zealand. The Firm will consider investing in businesses needing capital for growth, management buyouts, as well as more complex turnarounds and restructurings. Allegro's target investment size is A$10 to A$100 million in transactions valued up to A$300 million. Allegro is a generalist investor, however the Firm will not invest in property development, agriculture, or mining/exploration. Allegro Funds was formed in 2004 and is based in Sydney.


DEAL STATS #
Overall 11 of 27
Sector: Education M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 14
Country: New Zealand M&A 1 of 2
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Great Southern Rail

Keswick, Australia

Great Southern Rail owns and operates the luxury trans-continental passenger rail services known as The Ghan, The Indian Pacific and The Overland. Great Southern Rail was founded in 1997 and is based in Keswick, Australia.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-11 TSC Group Holdings Pty

Wellington, Australia

TSC Group Holdings Pty Ltd is the holding company for the group of industrial services businesses that comprise Trilogy Servicing and Spectrum Fire & Security in Australia and Cowley Services in New Zealand.

Sell -