A private equity-backed software group has bought Osborne Park company Omnitronics, marking its second WA acquisition this year and its fifth deal nationally.
Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Private equity players are at the heart of a second major Perth-based food franchise deal within 12 months, with Malaysian private equity firm Navis Capital Partners reacquiring a majority stake in Dome Coffees at a price estimated to be at least $50 million.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
NATIONAL Lifestyle Villages Pty Ltd has secured a $40 million cornerstone investment by Malaysian private equity fund Navis Investment Partners, valuing the business at $160 million.
Malaysian investment fund Navis Capital Partners is looking to expand its Australian presence after entering an agreement to buy Perth-based printing franchise Worldwide Online Printing.
