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New Content for PEP page
Hello, My name's Tracey and I work in PR representing Pacific Equity Partners. I'm reaching out to editors with proposed new content for the post. If you have time to review the suggestions it would be appreciated.--Tsen2 (talk) 04:19, 26 March 2013 (UTC)
Funds advised by PEP have made over 25 operating company investments, and over 70 bolt-on acquisitions at the company level. The 10 current PEP group operating companies span several industries including energy, consumer products, entertainment and basic financial services industries, [with a total combined enterprise value over A$8.5bn]. Together, these businesses employ over 50,000 people across Australia and New Zealand.
PEP’s current portfolio of companies include: Spotless Group, Peters Ice Cream, SCA Hygiene Australia, Energy Developments, American Stock Transfer and Trust Company, Hoyts Group [1] , Veda Advantage, Griffin's Foods [2] Xtralis and Link Market Services.
Recent PEP Funds transactions include: Acquisition of Spotless Group in August 2012 [3]; Acquisition of Peter’s Ice-Cream from Nestle in August 2012 [4]; Joint venture agreement with Svenska Cellulosa Aktiebolaget (SCA) to invest and develop SCA Hygiene Australasia in January 2012 [5]; Sale of Independent Liquor to Asahi in August 2011 [6]; Collins Foods IPO on the ASX in August 2011 [7]; and Sale of Tegel Foods to Affinity Equity Partners in May 2011. [8]
PEP has been the recipient of a number of awards in recent years including Firm of the Year [9], Best LBO Deal of the Year [10] and Private Equity Firm of the Year.
The firm's previous investments were AMR, Emeco, Guardian, Collins Foods Group, Frucor, Independent Liquor,[11] Godfreys, Oasis, REDgroup Retail, Startonics, TCG, Tegel Foods [12] and Vertex.
Additional external link http://www.theaustralian.com.au/business/companies/peps-
- At a glance, the current article appears to be much more neutral. However, if there are any errors or major omissions, I would suggest pointing them out separately to help volunteers maintain the page. CorporateM (Talk) 18:31, 6 April 2013 (UTC)
COI
Removed the COI template - looks like, from the name in the single edit username, it was an employee correcting the AUM number, and actually lowering it, so doesn't look inappropriately promotional to me.BubbaJoe123456 (talk) 18:59, 26 March 2019 (UTC)
Some proposed changes
Information to be removed:
Explanation of issue: Have modified Investment section to provide a more accurate picture of companies PEP has worked with. Links to support have been provided. References supporting change: Please see above — Preceding unsigned comment added by StaceyCretella (talk • contribs) 08:15, 8 April 2019 (UTC)
Reply 8-APR-2019
- With regards to removing the information, the request does not state what it is about the information that is incorrect.
- With regards to the addition of information, the request does not state what it is about those investment funds, which requires their being listed in the article. Although many businesses do list individual investments, many more do not list this type of rote information. Certain businesses (less than 20 years old) on the otherhand, having a lack of information about themselves to add to an article, will attempt to place this information in order to fill article space. These listings should not be done merely for that reason. Please clarify the necessity of this information to be added here.
- Additionally, the references are formatted as Citation Style 1, but the
|title=
parameter is missing. The article itself appears not to have chosen one particular style to use. This should be done before information is added to the article, so that anything added will align with whatever style is chosen.
Regards, Spintendo 11:41, 8 April 2019 (UTC)
- Standardized the citation format in the article. BubbaJoe123456 (talk) 12:25, 9 April 2019 (UTC)
Not done it is not editorially favorable to have an extensive list of funds/products/clients/employees/customers in an encyclopedia article about a company. VQuakr (talk) 03:21, 9 April 2019 (UTC)
- Partially Done I added some of the information, including the amount raised, but not the list of investments. BubbaJoe123456 (talk) 11:15, 10 April 2019 (UTC)
July 2019
Information to be added or removed: Correct AUM number is now A$4.7 billion as of 30 June 2019 Explanation of issue: AUM has changed References supporting change: https://www.pep.com.au/about-us/ — Preceding unsigned comment added by StaceyCretella (talk • contribs) 04:37, 9 July 2019 (UTC)
Not doneIs there a third party source that cites this figure? Would be much better if there were. BubbaJoe123456 (talk) 13:06, 9 July 2019 (UTC)
16 April 2019 - Update requested
I have deleted the subjective words "more notable" in the description of historical investments. Also, I'd like to update the content under the Investments heading to show current company set. This is just a sample, not an extensive list. Please insert: Some of the firm’s current investments include education provider ACG [1], Patties Foods [2], iNova Pharmaceuticals [3], medical devices group LifeHealthcare [4], smart metering company IntelliHUB [5] and Evolution Healthcare [6].StaceyCretella (talk) 03:43, 16 April 2019 (UTC)
Update to investments - Sept 2019
Making an update to Investments section to include sold assets:
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.[7] 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.[8]
Other recent investment exits include the sale of Allied Pinnacle to Japan’s Nisshin Foods[9] in February 2019 and the exit of NZ private education provider ACG[10] in late 2018. StaceyCretella (talk) 08:37, 25 September 2019 (UTC)
Update to investments - Apr 2020
After this line: Some of the firm’s current investments include Patties Foods,[7] iNova Pharmaceuticals,[8] medical devices group LifeHealthcare,[9] smart metering company IntelliHUB,[10] and Evolution Healthcare.[11]
Insert:
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 [11] and it also acquired community energy network provider WINconnect from private operators.[12] WINconnect is the third deal for the firm’s Secure Assets Fund. StaceyCretella (talk) 01:09, 23 April 2020 (UTC)
New changes to PEP Wikipedia page - COI Contribution
Hi all! My name is Lizzie PEP and I'm a current employee of Pacific Equity Partners (PEP).
I'd love to suggest a number of updates to the PEP Wikipedia page. I am pinging a couple of recent editors of the article to assist with this. BubbaJoe123456, VQuakr.
I want to closely follow all Wikipedia COI processes, so let me know if there is more I can do to align with best practice.
I am also very keen to hear feedback on the proposed changes (the first of 5 proposed changes I have copied below). Let me know what you think, and if you have any tips about how best to proceed!
"Pacific Equity Partners (PEP) is an Australasian alternative investment firm that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies.
As of [March 31st, 2022], assets under management ("AUM") were A$8.6B, making PEP the largest Australasia-based private equity firm."
Cheers,
Lizzie PEP Lizzie PEP (talk) 04:57, 24 May 2022 (UTC)
Comprehensive Edit Request for Pacific Equity Partners - COI
Hi, I'm LizziePEP, a current employee of Pacific Equity Partners. You can find out more about me on my user page, and through my current contributions on the Pacific Equity Partners Talk page. I have endeavoured to follow all COI and paid editor guidelines as closely as possible - let me know if I can be doing more to be fully compliant and transparent.
I'm proposing a number of changes and amendments to the current Pacific Equity Partners article, and would greatly appreciate the feedback and comments of experienced Wikipedia edits as to what should be tweaked in my contributions below. I have tried to reach out to previous article editors (with little success) and through the Wikipedia Help feature an editor recommended I submit an edit request for the article to get the input of other editors. Do let me know what you think.
- What I think should be changed:
I propose the following rework to the introductory section of the article (the first three paragraphs):
Pacific Equity Partners (PEP) is an Australasian alternative investment firm that manages multiple alternative asset classes, including private equity, infrastructure, credit, and other alternative investment strategies.
As of March 31st, 2022, assets under management ("AUM") were A$8.6B,[13] making PEP the largest Australasia-based private equity firm.[14]
The firm was founded in 1998 by Tim Sims AM, Rickard Gardell, Simon Pillar and Paul McCullagh. Tim, Rickard and Simon previously worked together and held senior executive positions at Bain & Co, where they advised corporations on strategy and profit optimisation.[15][16] In 2019, Tim Sims AM was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives.[17]
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,[18] which at the time was led by Mitt Romney, US politician and Republican Party's nominee for president of the United States in the 2012 election.[19]
Since its founding, PEP has completed over 100 transactions with combined aggregate value of A$43B and has generated a gross IRR of 44% across its funds.[20]
Under the 'Investments' heading, I suggest inserting the following
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.[21]
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.[22][23]
The paragraph beginning 'PEP has made more than 30 operating company investments...' to follow. After that, insert the following paragraph:
Among the firm's largest historical investments include Spotless,[24] Link Group,[25] Veda,[26] Allied Pinnacle and Manuka Health,[27] which have each received awards and accolades from industry body Australian Investment Council.
"Some of the firm's current investments..." paragraph is out of date. I suggest updating to the following
Firm’s current investments include Intellihub,[28] Modern Star,[29] iNova Pharmaceuticals,[30] Healthe Care and Zenith Energy.[31][32]
Happy to leave the informative detail about investment exits in 2018-19, and willing to add detail about more recent exits if appropriate.
- Why it should be changed:
The Pacific Equity Partners Wikipedia page hasn't been updated in some years. Some figures and information about deal activity has fallen out of relevance. I hope these changes will appropriately update the article and reflect the firm's recent investment activities.
- References supporting the possible change (format using the "cite" button):
(Below)
Lizzie PEP (talk) 05:57, 15 June 2022 (UTC)
References
- ^ “PEP signs NZ530m deal to acquire Academic Colleges Group”, “Australian Financial Review”, August 26, 2015.
- ^ “PEP in advanced discussions to acquire ASX listed Patties Foods” “Australian Financial Review”, 29 May 2016.
- ^ “iNova sold to PEP, the Carlyle Group” “Australian Financial Review”, 9 June 2017.
- ^ “Allens advises PEP on acquisition of LifeHealthcare” from Allens Media Release, 25 May 2018.
- ^ “Landis+Gyr and Pacific Equity Partners announce joint venture for acquisition of acumen metering business” from Landis+Gyr media release, 24 May 2018.
- ^ “North Island Hospitals sold to new Australian Owners” in Stuff.co.nz on 25 September 2018.
- ^ - Pacific Equity Partners secures sale for Manuka Health, Australian Financial Review, 27 September 2018.
- ^ - 2018 AVCJ Awards for Responsible Investment: Manuka Health, Asian Venture Capital Journal, 12 November 2018
- ^ - PEP secures sale for Allied Pinnacle, Australian Financial Review, 27 February 2019.
- ^ - Sale of ACG schools, Newsroom NZ, 23 June 2018.
- ^ [1], Horizon Global Investor Centre, 16 August 2019.
- ^ [2], Australian Financial Review, 19 December 2019.
- ^ "Pacific Equity Partners - About Us". www.pep.com.au. Retrieved 15 June 2022.
- ^ Mendoza, Carmela. "Pacific Equity Partners on why the Australian mid-market is thriving". Private Equity International. Retrieved 10 April 2019.
- ^ "Australia's Private-Equity Deals for the New Year". Wall Street Journal. Retrieved 15 June 2022.
- ^ Wilson, Drew. "Privately Speaking: Tim Sims of Pacific Equity Partners". Private Equity International. Retrieved 15 June 2022.
- ^ Carter, Bridget. "Following his father's example". The Australian. Retrieved 15 June 2022.
- ^ Martin, Tim (Winter 1999). "Australian Buyout Market — History and Potential". The Journal of Private Equity. 2 (2): 15–30. Retrieved 15 June 2022.
- ^ Taibbi, Matt. "Greed and Debt: The True Story of Mitt Romney and Bain Capital". Rolling Stone. Retrieved 15 June 2022.
- ^ "About Us - Pacific Equity Partners". Pacific Equity Partners.
- ^ Thompson, Sarah; Macdonald, Anthony; Sood, Kanika. "PEP hits 4x money at LifeHealthcare". Australian Financial Review. Retrieved 15 June 2022.
- ^ Thompson, Sarah; Macdonald, Anthony. "PEP closes $2.1 billion-plus Fund V, nabs Preqin gong". Australian Financial Review. Retrieved 15 June 2022.
- ^ "About Pacific Equity Partners". Asian Venture Capital Journal. Retrieved 15 June 2022.
- ^ Hobbs, Michael. "Spotless agrees to PEP buyout offer". Australian Financial Review. Retrieved 15 June 2022.
- ^ Thompson, Sarah (12 October 2020). "PEP goes back to its ex at Link Group, this time with Carlyle". Australian Financial Review. Retrieved 15 June 2022.
- ^ Woodman, Andrew. "PEP exits the last of its stake in Australia's Veda". Asian Venture Capital Journal. Retrieved 15 June 2022.
- ^ Thompson, Sarah. "Pacific Equity Partners secures sale for Manuka Health; ANZ advises buyer". Australian Financial Review. Retrieved 15 June 2022.
- ^ Chong, Florence. "Brookfield takes stake in smart meter firm Intellihub for A$1bn". IPE Real Assets. Retrieved 15 June 2022.
- ^ Thompson, Sarah; Macdonald, Anthony. "PEP to buy Modern Star's Australian, NZ business for $600m". Australian Financial Review. Retrieved 15 June 2022.
- ^ Thompson, Sarah; Macdonald, Anthony. "iNova Pharmaceuticals sold to Pacific Equity Partners, The Carlyle Group". Australian Financial Review. Retrieved 15 June 2022.
- ^ Carter, Bridget. "Pacific Equity Partners to buy Healthe Care's acute care hospitals". The Australian. Retrieved 15 June 2022.
- ^ Lu, Maggie; Segal, Simon. "Deal focus: PEP reaches its Zenith". Asian Venture Capital Journal. Retrieved 15 June 2022.