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Anchorage Acquires Two Major Australian Transport Companies During the First Quarter of 2020

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Anchorage Capital Partners Fund III (ACPIII) have had an active start to 2020 completing one acquisition  and announcing another during the March 2020 quarter.

During January 2020, ACPIII completed the acquisition of CF Asia Pacific (CFAP), Australia’s leading full-service rail leasing business and the fourth largest owner of assets on the Defined Interstate Rail Network.

Also During the March 2020 quarter, ACPIII announced that the Fund had entered into an agreement to acquire AHG Refrigerated Logistics, Australia’s largest fully integrated cold chain logistics provider, from ASX listed AP Eagers.

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Next Capital Fund IV, Completes the Investment into Supply Chain Consulting Business, TM Insight

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On 23 December 2019, Next Capital Fund IV annouced to Investors that they had come to an agreement to acquire supply chain consulting business, TM Insight (TMI).

TMI is a privately owned company established in 2010 for the purpose of providing supply chain consulting and implementation services to address growing customer needs in fast moving and evolving supply chain solutions.

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VPEG3 Commits $10 million to Next Capital Fund IV

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23 December 2018

Vantage Private Equity Growth 3 today announced that it had completed a $10 million investment commitment to Next Capital Fund IV managed by Sydney, Australia headquartered, Next Capital Management Pty Ltd.

Next Capital Management (www.nextcapital.com.au) was established in 2005 by Sandy Lockhart, Patrick Elliott and John White, who were former principals of Macquarie Bank’s private equity arm, Macquarie Direct Investment Limited (MDI).

James Murphy joined the partnership in 2014, following a period as an Investment Director with Next Capital.  Prior to joining Next, James’ background is in investment banking and strategy consulting.

Having completed 50 deals in a variety of industries during their careers, the Next Capital team have a strong track record of working with management to generate returns for vendors, management and investors alike.

Read more about Next Capital Fund IV

VPEG3 Commits $7.5 million to Mercury Capital Fund 3

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30 November 2018

Vantage Private Equity Growth 3 today announced that it had completed a $7.5 million investment commitment to Mercury Capital Fund 3, a $600m mid-market expansion fund, managed by Sydney, Australia headquartered Mercury Capital.

Mercury Capital (www.mercurycapital.com.au) is an independently owned, Australian private equity fund manager investing primarily into mid-market sized businesses within Australia and New Zealand.

Mercury’s core focus is investing in established businesses with market leading positions. Mercury seeks to add value through developing and executing a strategic plan to generate growth. Mercury’s approach is to work closely in partnership with existing owners and managers to enable a business to realise its full growth potential.

Read more about Mercury Capital Fund 3

Notice of VPEG3 2018 Annual General Meeting

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31 October 2018

The 2018 Annual General Meeting (AGM) of Vantage Private Equity Growth 3 (VPEG3) consisting of Vantage Private Equity Growth 3, LP (ILP NO. L0000419E) (VPEG3, LP) and Vantage Private Equity Growth Trust 3A, (VPEG3A) will commence at 11:30am AEDST on Thursday 29 November 2018 at L17, 8 Chifley Square, Sydney

Investors seeking to attend the AGM please advise Vantage by email at info@vantageasset.com, to register your name with building security for access to the meeting. Alternatively, should you wish to dial in to the meeting, please advise and we will provide conference call details prior to the meeting

Performance Highlights from VPEG3’s 2018 Annual Report;

  • $37.25m of new investment commitments made across 4 funds and one co-investment
  • $4.68m in Additional Capital Drawn by Underlying Private Equity Funds
  • 7 new underlying company investments added to the portfolio
  • Paid capital by all investors to VPEG3, LP of $0.20 per dollar of Committed Capital to VPEG3
  • Paid capital by all investors except SIV investors, to VPEG3A of $0.06 per dollar of Committed Capital to VPEG3

In addition, subsequent to 30 June 2018

  • In July 2018, Odyssey Fund 8 added to Adventure Holdings Australia (Oztrail) with the acquisition of Primus Australia Pty Ltd trading as Companion Brands.
  • Also, during July 2018, Adamantem Capital Fund 1 invested in Servian Group, a specialised data and analytics consulting firm.
  • In September 2018, Advent Partners 2 invested into Miso Holdco, one of Australia’s leading Information System software providers, delivering an extensive product suite to manage administration and communications to organisations within the Education Industry.
  • Also, in September 2018, Anchorage Capital Partners Fund III acquired South Pacific Laundry is a leading national laundry operator, serving customers in the accommodation and healthcare sectors across Australia.
  • In October 2018, Allegro Fund III acquired Endeavour Learning Group including Endeavour Colleges and FIA Fitnation in Australia and the College of Natural Health and Homeopathy in New Zealand.
  • In late October 2018, VPEG3 completed a co-investment with Advent Partners 1 in Tribe Brewing Pty Ltd, a high- quality brewer specialising in craft brewing, with an extensive range of independent brands across Australia.

VPEG3 Quarterly Report June 2018

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22 August 2018

VPEG3 Quarterly Investor Report for the 3 months ending 30 June 2018 

Special Points of Interest;

  • Odyssey Fund 8 completes the acquisition of Mine Site Technologies a leading provider of unified communication products
  • Adamantem Capital Fund 1 invests in Servian, a specialised data and analytics consultancy firm
  • VPEG3’s portfolio expands to eight underlying companies operating across a broad range of industry sectors

View or download a copy of the VPEG3 Quarterly Report June 2018

VPEG3 Quarterly Report March 2018

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22 May 2018

VPEG3 Quarterly Investor Report for the 3 months ending 31 March 2018 

Special Points of Interest;

  • Advent Partners 2 Fund completes an investment into premium laser and skin rejuvenation business, Silk Laser Clinics.
  • Adamantem Capital Fund 1 portfolio company, Heritage Lifecare, doubles the number of aged care beds across its facilities, with an additional three aged care business acquisitions completed and announced during the quarter.
  • VPEG3’s underlying portfolio expands to six underlying companies operating across a broad range of industry sectors

View or download a copy of the VPEG3 Quarterly Report March 2018

Advent Partners 2 Invests in Silk Laser Clinics

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12 January 2018

Advent today announced that the Advent Partners 2 Fund had completed an investment in premium laser and skin rejuvenation business, Silk Laser Clinics.

In 2009, the first Silk Laser Clinic opened in Hyde Park, South Australia, after its four Directors identified a need in the Adelaide market for affordable medical grade laser treatments in a comfortable and convenient environment.

Silk has grown since then with clinics now operating in twelve locations across Australia, including nine in Adelaide, South Australia, two in Darwin, Northern Territory and one in Hobart, Tasmania. In addition Silk currently has plans to expand with additional clinics to be added to the portfolio across the country.

Read more about the Advent Partners 2 Fund