 Tasman Capital Partners is an independent middle market private equity firm specialising in turnaround, leverage buy-out & buy-in, expansion capital and public to private investments in Australia and New Zealand.
Tasman is committed to the middle market which has been largely vacated over the last three years by competitors which have subsequently raised billion dollar funds. In Australia, more than 80% of public listed companies and large private companies are in the middle market providing Tasman with a strong universe of available investments and exciting investment opportunities.
Tasman's Partners have a successful track record of investing in the Australasian middle market, having invested A$400 million in 13 businesses delivering a gross internal rate of return of 33% from its realised investments. Tasman is focused on investing in businesses worth $20 million to $100 million.
Transition from Citigroup
The Tasman team is the former executive management team of Nikko Principal Investments Australia ("NPIA") which was formed in May 2006. NPIA was acquired by Citigroup in 2007, following Citigroup’s acquisition of Nikko Cordial Corporation in Japan.
In September 2008, Tasman led a management buy-out of NPIA and its private equity investments which included FleetPartners, a specialist fleet leasing and outsourcing business with operations in Australia and New Zealand and Hirequip, an equipment rental business based in New Zealand. The FleetPartners consortium included GIC Special Investments Pte and Ironbridge.
The Team
The Tasman team is one of the most experienced in the Australasian market with combined private equity experience in excess of 40 years, having originated, managed and exited a number of significant transactions across a range of sectors. Gene Lorenz and Rob Nichols, both Managing Directors and co-founders of Tasman, have worked together for 10 years.
Gene Lorenz and Rob Nichols are former Directors of DB Capital Partners ("DBCP") where they were responsible for over A$600 million of institutional funds under management. Whilst at DBCP, Gene and Rob led successful investments including;
• Tempo Services
• Loscam Limited - 2005 AVCAL Award Winner
• Wizard Mortgage Corporation (AFIG)
• Bledisloe Holdings
• Pacific Apparel Solutions
• Pacific Nursing Solutions - 2006 AVCAL Award Winner
Janine Middleton, Managing Director and co-founder of Tasman, is a former Managing Director of J.P. Morgan London. While in the Leveraged Finance Division, Janine worked on various private equity and leveraged transactions across Europe and the UK. Janine brings expert debt experience and skills to Tasman and is one the most experienced debt professionals in the Australian financial market.
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