Top Investments Named for the 2023 Year by New Zealand Private Capital Association
The New Zealand Private Capital Association unveiled this year’s winners of its prestigious investments of the year awards at its annual conference in Queenstown on 19 October.
NZ Private Capital ANNUAL AWARD WINNERS:
- INVESTMENT OF THE YEAR up to $300 million
- Awarded to Five V Capital for their investment in Totara.
- INVESTMENT OF THE YEAR over $300 million
- Awarded to Pacific Equity Partners for their investment in UP Education.
Commenting on the awards NZ Private Capital Executive Director, Colin McKinnon says: “These awards highlight the significant and outstanding contribution that firms within the private capital industry have made to the New Zealand economy and demonstrate the real value of investment in the sector to grow businesses and drive innovation.”
“The winners of our 2023 awards are examples of private capital partnering with companies to improve growth and performance, and to share expertise and to provide capital. This ultimately delivers improved productivity, creates jobs and contributes to the national economy.”
Entries were judged on return to investors and the companies’ financial performance. The companies’ contributions to the economy, employment, innovation, resilience and industry competitiveness were also considered.
Mr McKinnon adds: “The NZ Private Capital Investment of Year Awards recognise the private equity and venture capital firms that accelerate the ambition of New Zealand business owners through operational improvement and investment performance.”
Further information:
Totara is a global, enterprise-grade Learning Management System platform providing learning and development infrastructure to blue-chip and mid-sized corporates globally. Totara is headquartered in Wellington, New Zealand. Today Totara is available in over 47 countries, 30 languages, and powers the learning of over 16 million users.
Totara began as an ambitious startup in 2011, giving people the freedom to shape their e-learning choices through a democratic ethos. Now Totara is helping evolve talent development around the globe, with products used by thousands of employers to train millions of users. Customers range from small not-for-profits to the largest multinational corporations, a testament to Totara value, flexibility and scalability.
Five V Capital a certified B-Corporation, manages over $1.6 billion focused on investing in profitable, high-growth ANZ-headquartered businesses. Focused on partnership transactions with flexible capital solutions and an international network of investors, Five V has been fortunate to support some of New Zealand’s leading growth companies including Education Perfect and Totara. Five V has offices & investment teams in both Sydney & Auckland. Five V has recently commenced raising its fifth closed-ended private equity fund in addition to its open-ended Horizons Fund co-investment vehicle. www.fivevcapital.com
UP Education is a leading multi-sector education group delivering Vocational Education and Training, Higher Education, University Partnerships and Online Education across Australasia.
As a top-two pathway provider in Australasia, UP Education has six university partnerships which prepare international students to transition successfully into English speaking universities. The foundation programs equip students with the knowledge, skills and confidence to excel academically. UP Education provides international students from all over the world with the foundations needed to transition successfully into English speaking universities.
UP Education’s private colleges span hundreds of programs with an unwavering focus on delivering high quality educational outcomes and supporting sustainable employment outcomes. Through its student-centric approach and tailored learning environments, UP Education equips learners with the skills to work in a wide range of industries, including Construction, IT, Health, Early Childhood Education, Aged Care, Pharmacy, Hospitality, and Business Management.
Pacific Equity Partners (PEP) is one of Australia and New Zealand’s oldest and largest private equity firms, with $8B AUM across various investment strategies.
Since 1998, PEP has made more than 190 acquisitions and delivered an average Gross IRR since inception of 41% p.a. Our distinctive culture – built on a team-based approach of apprenticeship and longevity – and a consistent, disciplined investment focus have delivered strong, consistent results for our investment partners, ranging from the world’s largest institutions and sovereign wealth funds to individual investors.
PEP is celebrating its 25th year anniversary in 2023 and has been the recipient of various industry awards including the current holder of AVCJ Firm of the Year and AIC Investment of the Year.
ENDS
Contact:
Colin McKinnon, Executive Director,
New Zealand Private Capital Association, New Zealand
+64 27 640 6406