BGH Capital

BGH Capital (BGH) is an Australian private equity company established in 2017 by Robin Bishop, Ben Gray, and Simon Harle. BGH is headquartered in Melbourne and is owned and managed by its founding partners.

BGH Capital
IndustryPrivate Equity
Founded2017 (2017)
FoundersRobin Bishop
Ben Gray
Simon Harle
HeadquartersMelbourne,
Australia
Websitehttps://www.bghcapital.com

Ben Gray and Simon Harle established and led the Australian and New Zealand private equity team at TPG Capital, while Robin Bishop was previously head of Macquarie Capital Australia and New Zealand.[1][2]

BGH Capital Fund I had a final close of approximately A$2.6 billion in May 2018. BGH Capital Fund II closed in February 2022 at $3.6 billion.[3]

Investments

In 2019, BGH purchased Perth-based education provider Navitas in a $2.3 billion deal with AustralianSuper[4] and invested in CyberCX, a cyber security services firm.[5]

In 2020, BGH acquired Healius' medical practices[6] (now known as ForHealth), purchased a stake in online travel agency TripADeal[7] – a 51% stake in TripADeal was sold to Qantas in 2022[8] – and acquired Abano Healthcare Group[9] and a majority stake in Village Roadshow.[10]

In 2021, BGH acquired dental chain 1300SMILES,[11] and invested in Melbourne-based bakery Laurent[12] and Australian chicken producer Hazeldene's.[13]

In 2022, BGH acquired Bupa NZ's[14] dental business and Virtus Health, which was de-listed from the ASX.[15] It also took a stake in Pushpay.[16]

References
  1. "Our team". BGH. 2020. Retrieved 18 May 2020.
  2. Pyne, Ingrid (13 April 2018). "Masters of their own universe: crack team set to shake up private equity". Sydney Morning Herald. Nine Entertainment Co. Retrieved 18 May 2020.
  3. "BGH Capital hits $3.6b hard cap for Fund II". Australian Financial Review. 1 March 2022. Retrieved 26 April 2022.
  4. Williams, Peter & AAP (21 March 2019). "Navitas accepts $2.3b offer from BGH Consortium". The West Australian. Seven West Media. Retrieved 18 May 2020.
  5. "BGH Capital backs major new cyber security player". Australian Financial Review. 14 October 2019. Retrieved 22 April 2022.
  6. "Just what the doctor ordered: BGH buys Healius' medical centres". Australian Financial Review. 14 June 2020. Retrieved 22 April 2022.
  7. "Tripadeal sells majority stake to Ben Gray's BGH". Australian Financial Review. 18 September 2020. Retrieved 22 April 2022.
  8. "Qantas buys stake in Byron Bay travel website". Australian Financial Review. 23 May 2022. Retrieved 22 August 2022.
  9. "Abano Healthcare locks in 70pc premium for new takeover". Australian Financial Review. 30 August 2020. Retrieved 22 April 2022.
  10. Powell, Dominic (18 May 2020). "Village Roadshow agrees to takeover talks with BGH". The Sydney Morning Herald. Nine Entertainment Co. Retrieved 18 May 2020.
  11. "BGH-owned Abano to buy 84% stake in Australia dentistry business 1300Smiles". DealStreetAsia. Retrieved 22 April 2022.
  12. "BGH Capital cooks up deal for Melbourne's Laurent Bakery". Australian Financial Review. 25 November 2021. Retrieved 22 April 2022.
  13. "Chicken meat producer Hazeldenes sold to private equity firm". ABC News. 28 October 2021. Retrieved 22 April 2022.
  14. "BGH's Abano swoops on Bupa NZ dental biz". Australian Financial Review. 8 February 2022.
  15. "Virtus health - removal from official list" (PDF). ASX.
  16. "BGH snaffles 20pc Pushpay stake, readies proposal". Australian Financial Review. 24 May 2022.

See also
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