Post the launch of the PEP Gateway Evergreen (NZ PIE Access Fund), Cameron Blanks joined Madison Reidy to discuss PEP’s track record as a leading private markets investor in Australia and New Zealand, and the PEP Private Equity strategy.
Meet the prominent private equity player buying major New Zealand & Australian businesses and typically doubling their profits 👇 Pacific Equity Partners has bought and sold Tegel Foods Ltd, Griffin's Snacks, Peters Ice Cream, Manuka Health, Asaleo Care & HOYTS Group. Its first investment was Frucor Brands International B.V. - then a corporate carve-out from the NZ Apples & Pears Board. “26 years later we’re seeing a very active market still for deals.” PEP managing director Cameron Blanks told me. PEP’s most recent deal here was its partial investment in the freshly merged wealth firm FirstCape. “We’re one of the biggest pools of capital in the market.” But it's still battling a perception problem. "You hear all the Wall Street stories, Barbarians at the Gate and all this type of thing. “But the reality is, for a private equity firm to have a sustainable business, we need to be buying businesses and making them better and then having a very clear growth story for the next buyer.” In this episode: - PEP's best deals - How it doubles profits - What business it wants to buy next - Private equity returns v Stock market returns Watch the full episode on YouTube: https://lnkd.in/gA6gc2rb Read it on the New Zealand Herald: https://lnkd.in/gneA9GUU Listen on all podcast platforms: https://lnkd.in/gk_KSGmn MarketsWithMadison@nzme.co.nz