User:Lizzie PEP/sandbox

Draft changes to PEP Wikipedia page - November 2023 - COI
Changes to introductory section: Following ''making it the largest private equity firm in Australia... Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners. The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind. History & Culture Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content. Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure. Staff longevity and team-based approaches to deals, likened to a management consulting ethos, have been identified as key drivers of its success in the Australian market. New Section - Investment Schedule  November 2023 draft finishes

Fund that returned 23pc targets billions in investment PEP, as the firm is known, has raised more than $200m so far, but its executives expect private equity investment vehicle to swell beyond the $1b mark.

'''Pacific Equity Partners - Draft Updates '''

Pacific Equity Partners (PEP) is a leading private equity investment firm focusing on transactions primarily in Australia and New Zealand. PEP invests across a range of industries and sectors.

As of May 2022, assets under management ("AUM") were A$10B, making PEP the largest Australasia-based private equity firm.

The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Sims, Gardell and Pillar previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation.

The firm was the first institutional private equity firm established in Australasia. It was initially set up as a joint venture with US private equity firm Bain Capital.

Since its founding, PEP has completed over 100 investments with combined aggregate value of A$43B and has generated a gross investment returns of 48% across its funds.

Uniquely the firm is known for achieving high investment returns by focusing on business transformation and profit growth, rather than financial engineering.

Investments
PEP has led eight public to private buyout transactions in Australasia including Spotless, Patties, LifeHealthcare, Zenith Energy and Citadel, which is more than any domestic or international private equity firm operating in Australasia.

The firm has been a recipient of various Australian and international private equity industry awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year, as well as being included in the Top 20 Consistent Performers Globally by Preqin.

PEP has made more than 35 operating company investments as well as 100 bolt-on acquisitions since its founding. Among the firm's historical investments are Hoyts (sold to Wanda Cinemas in 2015), Independent Liquor (sold to Asahi Breweries in 2011), Griffin's Foods (acquired from Danone in 2006 and sold to Universal Robina in 2014), Frucor (sold to Suntory in 2008), Peters Ice Cream (sold to Froneri in 2014) and Tegel Foods (acquired in 2005 from Heinz and sold to Affinity Equity Partners in 2011).

Among the firm's largest historical investments include Spotless, Link Group, Veda, Allied Pinnacle and Manuka Health,

Firm’s current investments include IntelliHub, Modern Star, iNova Pharmaceuticals, Healthe Care and Zenith Energy.

More recently, PEP made two further acquisitions toward the end of 2019. It purchased the Asia-Pacific segment of NYSE-listed towing and trailering equipment manufacturer Horizon Global and it also acquired community energy network provider WINconnect from private operators. WINconnect is the third deal for the firm's Secure Assets Fund.

PEP has also successfully exited some major investments.

The firm realised a strong return from the sale of New Zealand honey supplier Manuka Health which it exited in 2018 for $NZ300 million. PEP first purchased Manuka in 2015 and made key changes including expanding the company's operations and leading an industry reform to standardise honey grades, allowing better transparency on quality and reducing counterfeiting. This work gained industry recognition in 2018 for quality management and responsible investing.

Other recent investment exits include the sale of Allied Pinnacle to Japan's Nissin Foods in February 2019 and the exit of NZ private education provider ACG in late 2018.