This is the
talk page for discussing improvements to the
Pacific Equity Partners article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives: 1Auto-archiving period: 30 days |
Private Equity | ||||
|
The following Wikipedia contributor has declared a personal or professional connection to the subject of this article. Relevant policies and guidelines may include
conflict of interest,
autobiography, and
neutral point of view.
|
The
Wikimedia Foundation's
Terms of Use require that editors disclose their "employer, client, and affiliation" with respect to any paid contribution; see
WP:PAID. For advice about reviewing paid contributions, see
WP:COIRESPONSE.
|
To-do list for Pacific Equity Partners:
Firm overview
Firm history
Portfolio investments
References
|
Part of an edit requested by an editor with a conflict of interest has been implemented. |
Hi, I'm LizziePEP, a current employee of Pacific Equity Partners. You can find out more about me on my user page, and through my current contributions on the Pacific Equity Partners Talk page. I have endeavoured to follow all COI and paid editor guidelines as closely as possible - let me know if I can be doing more to be fully compliant and transparent.
I'm proposing a number of changes and amendments to the current Pacific Equity Partners article, and would greatly appreciate the feedback and comments of experienced Wikipedia edits as to what should be tweaked in my contributions below. I have tried to reach out to previous article editors (with little success) and through the Wikipedia Help feature an editor recommended I submit an edit request for the article to get the input of other editors. Do let me know what you think.
I propose the following rework to the introductory section of the article (the first three paragraphs):
Pacific Equity Partners (PEP) is an Australasian
alternative investment firm that manages multiple alternative asset classes, including
private equity,
infrastructure, credit, and other alternative investment strategies.
As of March 31st, 2022, assets under management ("AUM") were A$8.6B, [1] making PEP the largest Australasia-based private equity firm. [2]
The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Tim, Rickard and Simon previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation. [3] [4] In 2019, Tim Sims AM was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives. [5]
The firm was the first institutional private equity firm established in Australasia. It was initially set up as a joint venture with US private equity firm Bain Capital, [6] which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election. [7]
Since its founding, PEP has completed over 100 transactions with combined aggregate value of A$43B and has generated a gross IRR of 44% across its funds. [8]
Under the 'Investments' heading, I suggest inserting the following
PEP has led eight public to private buyout transactions in Australasia including Spotless,
Patties, LifeHealthcare, Zenith Energy and Citadel, which is more than any domestic or international private equity firm operating in Australasia.
[9]
The firm has been a recipient of various Australian and international private equity industry awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year, as well as being included in the Top 20 Consistent Performers Globally by Preqin. [10] [11]
The paragraph beginning 'PEP has made more than 30 operating company investments...' to follow. After that, insert the following paragraph:
Among the firm's largest historical investments include
Spotless,
[12] Link Group,
[13] Veda,
[14] Allied Pinnacle and Manuka Health,
[15] which have each received awards and accolades from industry body Australian Investment Council.
"Some of the firm's current investments..." paragraph is out of date. I suggest updating to the following
Firm’s current investments include Intellihub, [16] Modern Star, [17] iNova Pharmaceuticals, [18] Healthe Care and Zenith Energy. [19] [20]
Happy to leave the informative detail about investment exits in 2018-19, and willing to add detail about more recent exits if appropriate.
The Pacific Equity Partners Wikipedia page hasn't been updated in some years. Some figures and information about deal activity has fallen out of relevance. I hope these changes will appropriately update the article and reflect the firm's recent investment activities.
(Below)
Lizzie PEP (
talk) 05:57, 15 June 2022 (UTC)
References
The user below has a request that a significant addition or re-write be made to this article for which that user has an actual or apparent conflict of interest. The requested edits backlog is high. Please be very patient. There are currently 166 requests waiting for review. Please read the instructions for the parameters used by this template for accepting and declining them, and review the request below and make the edit if it is well sourced, neutral, and follows other Wikipedia guidelines and policies. |
Changes to introductory section: Following making it the largest private equity firm in Australia...
Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners. [10]
The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind. [11]
History & Culture
Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content.
Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure.
[12] Staff longevity and team-based approaches to deals, likened to a
management consulting ethos, have been identified as key drivers of its success in the Australian market.
[13]
New Section - Investment Schedule
Business Name | Fund | Year Acquired | Transaction Type |
---|---|---|---|
Zenith Energy | SAF I | 2020 | Public to Private |
Magentus | Fund VI | 2020 | Public to Private |
Modern Star | Fund VI | 2020 | Secondary |
Healthe Care | Fund VI | 2021 | Corporate Carve-out |
Agright | SAF I | 2022 | Private Vendor |
Intellihub | Smart Metering Fund | 2022 | Secondary |
Cranky Health | Fund VI | 2022 | Private Vendor |
Altus Traffic | Fund VI | 2022 | Private Vendor |
iNova Pharmaceuticals | Fund VI | 2022 | Corporate Multinational Carve-Out |
UP Education | Education SPV | 2023 | Secondary |
LizziePEP(New) ( talk) 06:28, 20 February 2024 (UTC)
References
{{
cite web}}
: Missing or empty |title=
(
help)
{{
cite web}}
: External link in |website=
(
help)
LizziePEP(New) ( talk) 06:28, 20 February 2024 (UTC)
Investments | Year Acquired | Description of Transaction | Ref. |
---|---|---|---|
Hoyts | 2007 | Purchase valued Hoyts' Australian and New Zealand operations at $440 million, then on-sold to Wanda Cinemas in 2015. | [1] |
Independent Liquor | 2006 | Purchased in partnership with Unitas Capital for $600 million, later sold to Asahi Breweries for $1.3 billion. | [2] |
Griffin's Foods | 2006 | Acquired from Danone in 2006 and sold to Universal Robina in 2014. | [3] |
Frucor | 1998 | The first investment made by the firm. Purchased for $NZ67 million, later sold to Suntory in 2008. | [4] |
Peters Ice Cream | 2012 | Terms of the deal not disclosed. Sold to Froneri in 2014 for just under $450 million. | [5] |
Tegel Foods | 2005 | Acquired from Heinz for $250 million, later sold to Affinity Equity Partners in 2011 for $600 million. | [6] |
WINconnect | 2019 | Purchase of community energy network provider for deal understood to be worth around $100 million. Purchased by Origin Energy in 2021. [7] | [8] |
Manuka Health | 2015 | Sold in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company's operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing. [9] | [10] |
Allied Pinnacle | 2015-17 | Acquired Pinnacle Bakery & Integrated Solutions ($200 million), a maker of bakery ingredients and frozen baked products, from Kerry Group in 2015, before adding Allied Mills ($455 million, including debt) in March 2017. Sold to Japan's Nissin Foods in February 2019. | [11] |
ACG | 2015 | NZ private education provider. Divested in 2018 to UK-based Inspired Education Holdings. [12] | [13] |
{{
cite web}}
: External link in |website=
(
help)
LizziePEP(New) ( talk) 06:15, 19 March 2024 (UTC)
This is the
talk page for discussing improvements to the
Pacific Equity Partners article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives: 1Auto-archiving period: 30 days |
Private Equity | ||||
|
The following Wikipedia contributor has declared a personal or professional connection to the subject of this article. Relevant policies and guidelines may include
conflict of interest,
autobiography, and
neutral point of view.
|
The
Wikimedia Foundation's
Terms of Use require that editors disclose their "employer, client, and affiliation" with respect to any paid contribution; see
WP:PAID. For advice about reviewing paid contributions, see
WP:COIRESPONSE.
|
To-do list for Pacific Equity Partners:
Firm overview
Firm history
Portfolio investments
References
|
Part of an edit requested by an editor with a conflict of interest has been implemented. |
Hi, I'm LizziePEP, a current employee of Pacific Equity Partners. You can find out more about me on my user page, and through my current contributions on the Pacific Equity Partners Talk page. I have endeavoured to follow all COI and paid editor guidelines as closely as possible - let me know if I can be doing more to be fully compliant and transparent.
I'm proposing a number of changes and amendments to the current Pacific Equity Partners article, and would greatly appreciate the feedback and comments of experienced Wikipedia edits as to what should be tweaked in my contributions below. I have tried to reach out to previous article editors (with little success) and through the Wikipedia Help feature an editor recommended I submit an edit request for the article to get the input of other editors. Do let me know what you think.
I propose the following rework to the introductory section of the article (the first three paragraphs):
Pacific Equity Partners (PEP) is an Australasian
alternative investment firm that manages multiple alternative asset classes, including
private equity,
infrastructure, credit, and other alternative investment strategies.
As of March 31st, 2022, assets under management ("AUM") were A$8.6B, [1] making PEP the largest Australasia-based private equity firm. [2]
The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Tim, Rickard and Simon previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation. [3] [4] In 2019, Tim Sims AM was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives. [5]
The firm was the first institutional private equity firm established in Australasia. It was initially set up as a joint venture with US private equity firm Bain Capital, [6] which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election. [7]
Since its founding, PEP has completed over 100 transactions with combined aggregate value of A$43B and has generated a gross IRR of 44% across its funds. [8]
Under the 'Investments' heading, I suggest inserting the following
PEP has led eight public to private buyout transactions in Australasia including Spotless,
Patties, LifeHealthcare, Zenith Energy and Citadel, which is more than any domestic or international private equity firm operating in Australasia.
[9]
The firm has been a recipient of various Australian and international private equity industry awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year, as well as being included in the Top 20 Consistent Performers Globally by Preqin. [10] [11]
The paragraph beginning 'PEP has made more than 30 operating company investments...' to follow. After that, insert the following paragraph:
Among the firm's largest historical investments include
Spotless,
[12] Link Group,
[13] Veda,
[14] Allied Pinnacle and Manuka Health,
[15] which have each received awards and accolades from industry body Australian Investment Council.
"Some of the firm's current investments..." paragraph is out of date. I suggest updating to the following
Firm’s current investments include Intellihub, [16] Modern Star, [17] iNova Pharmaceuticals, [18] Healthe Care and Zenith Energy. [19] [20]
Happy to leave the informative detail about investment exits in 2018-19, and willing to add detail about more recent exits if appropriate.
The Pacific Equity Partners Wikipedia page hasn't been updated in some years. Some figures and information about deal activity has fallen out of relevance. I hope these changes will appropriately update the article and reflect the firm's recent investment activities.
(Below)
Lizzie PEP (
talk) 05:57, 15 June 2022 (UTC)
References
The user below has a request that a significant addition or re-write be made to this article for which that user has an actual or apparent conflict of interest. The requested edits backlog is high. Please be very patient. There are currently 166 requests waiting for review. Please read the instructions for the parameters used by this template for accepting and declining them, and review the request below and make the edit if it is well sourced, neutral, and follows other Wikipedia guidelines and policies. |
Changes to introductory section: Following making it the largest private equity firm in Australia...
Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners. [10]
The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind. [11]
History & Culture
Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content.
Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure.
[12] Staff longevity and team-based approaches to deals, likened to a
management consulting ethos, have been identified as key drivers of its success in the Australian market.
[13]
New Section - Investment Schedule
Business Name | Fund | Year Acquired | Transaction Type |
---|---|---|---|
Zenith Energy | SAF I | 2020 | Public to Private |
Magentus | Fund VI | 2020 | Public to Private |
Modern Star | Fund VI | 2020 | Secondary |
Healthe Care | Fund VI | 2021 | Corporate Carve-out |
Agright | SAF I | 2022 | Private Vendor |
Intellihub | Smart Metering Fund | 2022 | Secondary |
Cranky Health | Fund VI | 2022 | Private Vendor |
Altus Traffic | Fund VI | 2022 | Private Vendor |
iNova Pharmaceuticals | Fund VI | 2022 | Corporate Multinational Carve-Out |
UP Education | Education SPV | 2023 | Secondary |
LizziePEP(New) ( talk) 06:28, 20 February 2024 (UTC)
References
{{
cite web}}
: Missing or empty |title=
(
help)
{{
cite web}}
: External link in |website=
(
help)
LizziePEP(New) ( talk) 06:28, 20 February 2024 (UTC)
Investments | Year Acquired | Description of Transaction | Ref. |
---|---|---|---|
Hoyts | 2007 | Purchase valued Hoyts' Australian and New Zealand operations at $440 million, then on-sold to Wanda Cinemas in 2015. | [1] |
Independent Liquor | 2006 | Purchased in partnership with Unitas Capital for $600 million, later sold to Asahi Breweries for $1.3 billion. | [2] |
Griffin's Foods | 2006 | Acquired from Danone in 2006 and sold to Universal Robina in 2014. | [3] |
Frucor | 1998 | The first investment made by the firm. Purchased for $NZ67 million, later sold to Suntory in 2008. | [4] |
Peters Ice Cream | 2012 | Terms of the deal not disclosed. Sold to Froneri in 2014 for just under $450 million. | [5] |
Tegel Foods | 2005 | Acquired from Heinz for $250 million, later sold to Affinity Equity Partners in 2011 for $600 million. | [6] |
WINconnect | 2019 | Purchase of community energy network provider for deal understood to be worth around $100 million. Purchased by Origin Energy in 2021. [7] | [8] |
Manuka Health | 2015 | Sold in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company's operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing. [9] | [10] |
Allied Pinnacle | 2015-17 | Acquired Pinnacle Bakery & Integrated Solutions ($200 million), a maker of bakery ingredients and frozen baked products, from Kerry Group in 2015, before adding Allied Mills ($455 million, including debt) in March 2017. Sold to Japan's Nissin Foods in February 2019. | [11] |
ACG | 2015 | NZ private education provider. Divested in 2018 to UK-based Inspired Education Holdings. [12] | [13] |
{{
cite web}}
: External link in |website=
(
help)
LizziePEP(New) ( talk) 06:15, 19 March 2024 (UTC)