Financial Review Asia Summit hears ‘wall of money’ to hit Australia from private equity

Japan and India are receiving the lion’s share of funds from Asia-focused private equity funds, but Australia is still set to receive billions of dollars from the sector in coming years, according to one of the country’s leading bankers.

Goldman Sachs head of mergers and acquisitions Marissa Freund says Australia attracts about 15 per cent of capital on average from financial sponsors, which in the case of a $US10 billion fund equates to a deal size of about $6 billion, adding in 50 per cent gearing and currency conversion. Loading...