During the September 2021 quarter, VPESO completed the secondary acquisition of a $10m investment commitment and the underlying investments in the Advent Partners 2 Fund (AP2).
AP2, managed by leading Australian mid-market private equity manager, Advent Partners of Melbourne, is a $300m fund established in 2017, for investment into lower to mid-market expansion and buyout opportunities in Australia and New Zealand.
Advent Partners (formerly Advent Private Capital) were established in 1984 and are one of Australia’s oldest private equity fund managers. The Firm has operated continuously for over 30 years, establishing and managing many funds and investing in more than 80 private businesses.
AP2 is focused on lower to mid-market growth private equity and buyouts, investing in profitable companies with earnings (EBITDA’s) between $5m to $30m and an enterprise value at initial investment of between $30m and $150m. AP2 seeks to invest between $15m to $50m into businesses with low capital intensity and strong market positions, operating in industries experiencing strong growth. Advent Partners’ target industry sectors include healthcare, consumer branded, proven technology & software, education & training and leading-edge businesses.
AP2 had completed seven investments to date, which include; Silk Laser Clinics Australia, Compass Education, Mandoe, Medtech, Flintfox, Zero Latency and Imaging Associates.
