PEP has cut a deal to acquire a controlling stake in Man Shake parent company Cranky Health, with proceeds to be plied towards growing the product portfolio and its market presence.
PEP’s no stranger to consumer goods plays. Some of its best investments have been in food and beverages groups.
But to see PEP, the firm with the sprawling harbour view office and uber-rich clients, charge into business with a former Australian rugby league representative and a self-made businessman is not something we expected to see.
It’s Man Shakes all round at Australian buyout firm Pacific Equity Partners after it agreed to acquire a controlling stake in the weight-loss product’s owner, Cranky Health.
RBC Capital Markets is set to launch an auction for global payments platform business Cohort Go, which is based in Brisbane and helps international students pay tuition and other costs.
Australia’s wealth managers and private equity shops are being enticed across the Tasman for a look at New Zealand financial advice and investments shop, Kiwi Wealth.
ASX-listed software and services business Energy One will become the largest provider of 24/7 operational energy services in Australia, after agreeing a deal to acquire Adelaide-based CQ Energy.
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