Full throttle for FleetPartners bidders, chequered flag on the horizon
Street Talk reports Pacific Equity Partners, Orix and Sumitomo are preparing binding final bids for FleetPartners in a UBS-run auction; no transaction has been agreed.
Investor · 1 deal
Every published round Pacific Equity Partners took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Energy Bay | Unnamed stage | 8 Oct 2026 | - | Participant | This Week in Australian Startups, Dealroom |
Companies Pacific Equity Partners has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Energy Bay | 8 Oct 2026 | 1 | 0 |
Fund closes reported for Pacific Equity Partners, as distinct from the investments it has made.
Companies Pacific Equity Partners has backed that another company then bought. An exit for the holding, not a deal Pacific Equity Partners did.
Stories naming Pacific Equity Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Street Talk reports Pacific Equity Partners, Orix and Sumitomo are preparing binding final bids for FleetPartners in a UBS-run auction; no transaction has been agreed.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
Pacific Equity Partners has agreed to take a 30 percent stake in Australian on-site renewables firm Energy Bay, mainly via new shares; existing backers include Skip Capital, Grok Ventures and Soletto. Value undisclosed.
Ritchie Bros has been knocked out of the Pickles sale, leaving buyout houses such as EQT, Warburg Pincus and Pacific Equity Partners to work through the data room ahead of first bids.
FleetPartners has received a A$3.85-per-share buyout proposal from a Sumitomo-led consortium, topping ORIX and Element Fleet's bids but trailing SG Fleet's, as a four-way contest for the Australian vehicle lessor continues.
Smartgroup has pulled out of the sale contest for ASX-listed fleet leaser FleetPartners, leaving Orix, SG Fleet and Element Fleet Management as the remaining suitors, per Street Talk.
US investment firm KKR has agreed to buy Zenith Energy, an Australian specialist in off-grid renewable power for mines, in a transaction reported at over A$2 billion following a bidding contest.
Australia's Clean Energy Finance Corporation commits $80 million to Pacific Equity Partners' decarbonisation infrastructure fund, which closed above expectations at $1.4 billion, and earlier backed a similar Crescent Capital vehicle.
Ticketing and live entertainment company TEG has bought a majority stake in FAN+, a Sydney marketplace for athlete and club experiences, which will integrate with Ticketek. The startup earlier passed through two accelerators and counts Artesian among its backers.
Metering firm Intellihub has bought the assets of Pooled Energy, a NSW smart pool retailer that entered administration amid electricity price rises. The article also recalls Intellihub's April purchase of GreenSync and Pooled's ARENA grant.
Smart metering venture Intellihub has completed its purchase of Melbourne energy tech firm GreenSync, whose deX platform will join Intellihub's new CrescoNet technology arm to expand virtual power plant capability.
Consumer lender MoneyMe has secured an initial $50 million commitment through a new partnership with investment firm Pacific Equity Partners, to grow its products, expand its securitisation warehouse and repay an existing note facility.
Quadrant Private Equity is about to complete its biggest-ever buyout fund, a $1.24 billion raise; the piece notes rival PEP's $2.5 billion close and recalls Quadrant's sales of APM and QScan.
AFR healthcare and fitness section roundup: Early Bird raised $2 million led by Hyper Ventures; Resmed sold MatrixCare; Radiopharm seeks $16 million; plus Mayne Pharma, Healthscope, Sigma and policy stories.
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