News Articles for Viburnum

Viburnum invests in Magellan Power

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Private equity firm Viburnum Funds has invested in Magellan Power, a Perth-born power systems manufacturer for the resources, defence and data centres industries.

Bottom-up growth under giant shadow

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GESB represents more than 60 per cent of the WA funds management sector, but diversity is emerging.

Shelf Subsea acquired by Norwegian player

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Osborne Park-based offshore contractor Shelf Subsea will become the Asian business of Norway-headquartered DeepOcean which acquired it for an undisclosed sum.

Viburnum exits Contract Resources in $377m deal

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Perth fund manager Viburnum and its partners have inked a $377 million deal to sell a portfolio company to ASX-listed waste management major Cleanaway.

Appointments November 1, 2024

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Our weekly appointments wrap includes Holly Knight, Seamus Rafferty, Reece Wheadon, Jacob Whiteford, Jenelle Goddard, Adam Simpson, Owen Whittle, David Flanagan and Jimmy Wilson.

Big name locals back Viburnum launch

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High profile mining players David Flanagan and Jimmy Wilson have joined a team advising Viburnum on its new private equity fund, backed to the tune of $20 million by a local family office.

Big get bigger in niche funds sector

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A superannuation fund followed distantly by two land investors dominates the local landscape.

Viburnum anoints PE chief, launches fund

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Melanie Hay will take over fund manager Viburnum's private equity business as the group sets about raising $300 million for its third mining industrials foray.

Viburnum lobs takeover offer for GTN

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Perth-based private equity firm Viburnum Funds has lobbed an off-market takeover bid for ASX-listed GTN, which is recommending shareholders reject the bid.

Maxiparts strikes deal for Independant

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Privately owned Welshpool-based truck and trailer parts business Independant Parts will be acquired by ASX-listed Maxiparts in a deal worth $27 million.

Funds call gains on stronger equities

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Investors get the pick of about 50 WA-based funds, which have mostly enjoyed a better year.

Wangara company sold for $125m

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Drilling services company MTi Group has been sold by local private equity group Viburnum Funds, adding to a string of sales of local firms to global mining services giants.

Weight of money goes private

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Family offices are becoming more prominent in the investment space.

Global firm buys Perth’s Minnovare

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Swedish company Hexagon has expanded its WA presence with a second local acquisition, buying drilling technology business Minnovare in a deal potentially worth in excess of $100 million.

Perth investors set up innovative PE fund

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Search funds are widely used internationally, supporting young entrepreneurs to buy established businesses.

$150m Kinetic sale tops private M&A deals

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Perth-based mining technology company Kinetic Logging Services has been sold for a bumper price of more than $150 million, with local investor Viburnum a big winner.

Viburnum invests in MaxMine

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Viburnum Funds has acquired a 25 per cent stake in mining data company MaxMine for an undisclosed sum, signalling a long-term partnership between the companies.

Viburnum buys into Cranecorp

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Private investment group Viburnum Funds has acquired a majority shareholding in Henderson-based Cranecorp Australia in a deal believed to be worth about $50 million.

NWQ making volatility work

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SPECIAL REPORT: A new, more aggressive fund and the international expansion of its existing conservative strategy will be key to the growth of boutique investment manager NWQ.

Viburnum in MPC buy

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A consortium that includes local investment group Viburnum has acquired Queensland-based MPC Group, formerly known as Murphy Pipe and Civil Group, for an undisclosed sum.

Coleman to chair biotech company

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Perth businessman Craig Coleman has been chosen to lead the board of biotech company Universal Biosensors Inc, as part of a board and management shake-up.

Rubik gets $68m takeover offer

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Wyllie Group-backed Viburnum is set to receive a big payout when fintech Rubik Financial, in which it is a substantial shareholder, is acquired by Geneva-based banking and finance software firm Temenos for $68 million.

Emeco says merger on-track despite new proposal

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Emeco Holdings has sought to reassure investors that its planned three-way tie-up with Orionstone and Andy's Earthmovers is progressing smoothly, despite news that one of the parties involved has received a takeover bid of its own.

CEO lunch with Tony Howarth

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With five decades of experience in the banking and corporate sectors, there was no shortage of issues to be discussed when Tony Howarth sat down to lunch with Business News at the newly reopened Julio's restaurant.

Shelf Subsea merges with Fugro TSM

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Underwater services company Shelf Subsea has merged with the local subsidiary of global geotechnical, survey and geosciences company Fugro in a deal worth $40 million.

MinRes refinances Empire debt

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Mineral Resources has bolstered its new relationship with Empire Oil & Gas, offering a $15.1 million facility to replace a previous deal with Viburnum Capital.

Nuts and bolts of mining innovation

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With a strong focus on cutting costs in mining, many WA small businesses are developing ways to dig up resources smarter and cheaper.

Call for big lift in digital investment

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WA needs to get behind its early stage tech sector or risk losing 25 per cent of state GDP.

Viburnum buys diving contractor

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Nedlands-based investment manager Viburnum has acquired oil and gas diving contractor Cal Dive International Australia, in partnership with Houston company SCF Partners.

Viburnum to receive $31m for Vision

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Perth-based Viburnum Funds looks set to receive roughly $31.4 million for its shares in Australian ophthalmology company Vision Eye Institute after Vision announced an agreed takeover bid by Chinese firm Jangho.

APE Mobile nets $2m funding

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Perth-based software firm APE Mobile has raised $2 million through private equity fund managers Jolimont Global and Viburnum Funds.

Viburnum plays ball on students’ pitch

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Students at the University of Western Australia have partnered with Nedlands-based money manager Viburnum Funds to set up a $20,000 student-run managed fund.

Equity funds hold on to private ventures

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Private equity funds are turning into long-term owners of some major WA businesses, after being unable to complete their planned exits.

Private equity backing helps WA businesses pursue strong growth

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Businesses like Calibre Global, Onsite Rental Group and NLV Group have enjoyed strong growth with the support of their private equity backers.

Entrust moves to $1bn with Finovia deal

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Entrust Private Wealth Management has announced a merger with Finovia, a Melbourne-based funds manager backed by the private investment arm of the Wyllie family.

Wyllie Group snares controlling stake in Dome Coffees

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Perth-based private equity investor, Viburnum Funds, has supported a group of management and staff led by CEO Nigel Oakey to acquire control of iconic food retail group Dome Coffees from Asia based Navis Capital Partners.

Wyllie's Viburnum makes move with $17.5m Surtron buy

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The Wyllie Group-backed private equity vehicle Viburnum Funds Pty Ltd has made its first acquisition, paying $17.5 million for Imdex Ltd subsidiary Surtron Technologies Pty Ltd.

Wyllie strategy focuses on private equity

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Big Western Australian family investment player Wyllie Group has joined the growing local fund management sector with the launch of plans to develop a $100 million private equity vehicle.