this is just "out of interest" today in media extract only: " PE...

this is just "out of interest"
today in media
extract only:

"
PE buyer Colinton taps QIC, Minderoo for Buildsafe

Australian private equity firm Colinton Capital Partners has teamed up with a pair of powerful financial investors to buy into privately owned building site safety products company, Buildsafe.

Street Talk can reveal Colinton Capital’s dealmakers have agreed a deal to take a controlling stake in Buildsafe alongside its three founders, and inject funds into the business to make the most of the building boom.

Sydney-based Colinton Capital will cut the cheque from its maiden Fund I and, interestingly, tow in a couple of well-heeled co-investors in the local institutional scene - bigwig QIC Ltd and the Forrests’ Minderoo.

Colinton Capital partner David Slocomb led the deal, while former Coates Hire CEO Jess Fraser (also a Colinton senior adviser) and ex-Stoddart Group boss Andrew Flourentzou will join the company’s board on completion of the transaction.

It’s interesting to see Colinton Capital drag in QIC and Minderoo. QIC is a capital markets heavyweight and runs a big Australian private equity program, while Minderoo and its sister company Tattarang are emerging as a keen buyer of stakes in Australian business across the economy.

Buildsafe is expected to be the eighth asset in Colinton’s Fund I, joining the portfolio alongside the likes of AMA, enterprise software company Clear Dynamics, textile technology business Alexium, software company intelliHR and cleaning company Dimeo.