NEWS & VIEWS

Global private equity and venture capital news and research

Wolseley Private Equity seeks A$300m for third fund

11 Sep 2013

australian dollarPrivate equity firm Wolseley Private Equity is seeking A$300m ($279m) for its third fund.

The new fund will invest in six companies with enterprise values of A$30m to A$120m and an EBITDA of between $7m and $15m, according to the Asian Venture Capital Journal.

Wolseley director Richard Burrows said, “That is where we see the greatest opportunity. A lot of privately-owned Australian companies are in this segment and many of them face succession challenges over the next 5-10 years.

The fund follows the firm’s second vehicle, which was closed on A$235m in 2008.

Wolseley’s marketing efforts will be aided by its successful exit from Australian childcare service provider Guardian Early Learning Group, which generated a return of 2.3 times and a 40 per cent IRR.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014