Private equity firm Viburnum Funds has invested in Magellan Power, a Perth-born power systems manufacturer for the resources, defence and data centres industries.
Perth fund manager Viburnum and its partners have inked a $377 million deal to sell a portfolio company to ASX-listed waste management major Cleanaway.
High profile mining players David Flanagan and Jimmy Wilson have joined a team advising Viburnum on its new private equity fund, backed to the tune of $20 million by a local family office.
Melanie Hay will take over fund manager Viburnum's private equity business as the group sets about raising $300 million for its third mining industrials foray.
