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Archer Capital Plans to Raise A$1.25 Billion for Fifth Fund

Archer Capital, an Australian private-equity firm formed in 1996, aims to raise A$1.25 billion ($1.3 billion) from investors for a fifth fund.

Archer is targeting Australian and international institutional investors, and is “confident of achieving that target in a short period of time,” the Sydney-based company said in an e-mailed statement today.

The company agreed to sell Australian business management software maker MYOB Pty Ltd., which it bought in 2009, to Boston-based Bain Capital LLC for an undisclosed sum, the companies said today. Archer has also been involved in the recent sale of Cellarmasters Wines to Woolworths Ltd. and acquisitions including the Red Rooster and Oporto fast-food chains, it said.

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