Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Archer Capital Raises A$1.5 Billion for Private Equity Fund

Dec. 21 (Bloomberg) -- Archer Capital, the Australian private-equity firm formed in 1996, raised A$1.5 billion ($1.5 billion) from local and international investors for its fifth fund.

Archer, which has invested more than A$600 million this year, announced plans to raise the money in September, the company said today in an emailed statement.

Sydney-based Archer this year made investments in companies including private hospital operator Healthe Care Australia, the Red Rooster and Oporto fast-food chains, and bought a controlling stake in V8 Supercars.

The firm also sold assets, including the sale of financial software company MYOB Pty Ltd. to Bain Capital LLC and iNova Pharmaceuticals (Australia) Pty to Valeant Pharmaceuticals International Inc. of the U.S. This year’s divestitures totaled more than A$2.5 billion and returned 3.2 times the initial investment, Archer said in the statement.

To contact the reporter on this story: Brett Foley in Melbourne at bfoley8@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.