Archer Capital
Archer Capital is an Australian private equity investment firm based in Sydney, Australia. The company was founded as GS Private Equity in 1996.[1]
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Formerly | GS Private Equity |
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Type | Proprietary limited company |
Industry | Private Equity |
Predecessor | Byvest Management Buyout Group |
Founded | 1996 |
Headquarters | Sydney, Australia |
Products | Private equity funds |
Website | www |
Archer Capital hosts multiple investment funds which invest in businesses across a wide array of industries and sectors, specifically targeting mid-market leveraged buyouts in Australia and New Zealand.[2]
The firm currently owns or co-owns a number of Australian and New Zealand companies including Supercars Championship, Allity and Craveable Brands. Previous investments include Australian Geographic, Dome, John West Foods, MYOB, Rebel Sport and Repco.
Notable investments
![](../I/Red_Rooster_Wagga_Wagga.jpg.webp)
![](../I/V8_Supercar_start_2011.jpg.webp)
In 1998, the firm partnered with the then-management of Australian Geographic to purchase the business for A$50 million. It was later sold to a consortium including the Myer family.[3]
In 2000, Archer Capital gained a 50% stake in Dome coffeehouses, selling for A$20 million in 2003 to Navis.[4] In 2001, Archer was part of a consortium (paying A$30 million) which purchased Repco from Pacific Dunlop, publicly listing the company on the Australian Stock Exchange in 2003.[5]
Archer Capital was involved in the purchase of John West Foods from Unilever in 2003. Archer divested a few years later.[6]
In 2009, the company lead a A$450 million takeover of MYOB, taking the company private.[7] It was sold two years later for A$1.1 billion to Bain Capital.[7]
In 2011, Archer acquired Quick Service Restaurant Holdings (renamed Craveable Brands in 2017) for A$450 million from Quadrant Private Equity, which holds 620 Australian-owned Red Rooster, Chicken Treat and Oporto fast food restaurants.[8] In the same year it also became a major investor in the Supercars Championship.[9]
In 2013, Archer purchased 30 aged care facilities from Lendlease, forming provider Allity.[10] It has subsequently grown to be one of the largest care providers in Australia.[11]
Funds
Archer Capital has operated a total of 5 individual funds.[12]
Fund | Year established | Capital (A$b) |
---|---|---|
Archer Capital Fund No. 1 | 1998 | $0.104 |
Archer Capital Fund No. 2 | 2001 | $0.192 |
Archer Capital Fund No. 3 | 2004 | $0.45 |
Archer Capital Fund No. 4 | 2007 | $1.36 |
Archer Capital Fund No. 5 | 2011 | $1.5 |
References
- "ANALYSIS: Who is Archer Capital?". Speed Cafe. 17 May 2011. Retrieved 24 June 2018.
- "Our Focus". Archer Capital. Retrieved 24 June 2018.
- McMahon, Stephen (17 March 2009). "Myer family back on map". news.com.au. Retrieved 24 June 2018.
- "Dome - Business News". Business News. Retrieved 24 June 2018.
- Kruger, Colin (6 September 2006). "Look who's buying into Repco". The Sydney Morning Herald. Retrieved 24 June 2018.
- "Fishing trip for Simplot lands a $140m catch". The Age. 21 June 2003. Retrieved 2 September 2020.
- Tung, Liam (22 August 2011). "MYOB sold for $1.2 billion". ITnews. Retrieved 24 June 2018.
- Thieberger, Victoria (14 June 2011). "UPDATE 1-Australia's Archer buys fast food chain for A$450 mln". Reuters. Retrieved 20 May 2018.
- "V8 Supercars confirm new ownership structure". SpeedCafe. 17 May 2011. Archived from the original on 25 June 2013. Retrieved 23 March 2013.
- "Allity sale put on hold after share market collapse". Villages.com.au. 22 September 2016. Retrieved 24 June 2018.
- "Age of change as big players expand in aged care sector". The Sydney Morning Herald. 23 June 2015. Retrieved 24 June 2018.
- "Archer Capital History". Archer Capital. Retrieved 24 June 2018.