Already a subscriber?QIC’s private debt team, led by Phil Miall, likes the look of Pacific Equity Partners’ first pick for its Fund VII.It is understood QIC tipped into the debt financing of PEP’s acquisition of an 80 per cent stake in industrial and safety supplies game, the No.2 player in its segment after Wesfarmers’ Blackwood.
QIC cut a $32 million cheque for ATOM’s senior secured acquisition financing facilities. ATOM turns over about $350 million of products a year and was making $40 million EBITDA, when“ATOM has a diversified and stable revenue base, with wide sector and geographic coverage and extensive range of products, making it a solid value proposition and compelling investment opportunity,” Miall said.Fund VII, which is its biggest to date.
has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.