KKR OFFLOAD AVC IN BILLION-DOLLAR DEAL

Global investment giant KKR has formalised an agreement with alternative investment firm PAG for purchase of its controlling share in Australian Venue Co (AVC) in a billion-dollar-plus deal. Today’s announcement finalises a process that began nearly a year ago with

BGH CAPITAL EYES AVC BUYOUT

Melbourne- based private equity company BGH Capital is running the ruler over Australian Venue Co’s business plan and venues around the country, looking to submit a speedy pre-Christmas takeover bid. Australian Venue Co (AVC) major shareholder KKR reportedly engaged investment

AVC LOOK TO RAISE $350m IN IPO

Australian Venue Co. has taken the next steps toward its public float, with fund managers this week informing investors the process will look to raise $352 million, while New York financial giants KKR retain their share.  American heavyweight KKR secured

AVC ROLLING OUT THE ASX ROADSHOW

After years of rumours and a pandemic delay, Australian Venue Co has finally kicked off its run at the ASX. Australian Venue Co (AVC) has 175 venues across Australia and New Zealand, having aggressively accumulated leasehold sites since 2014. Majority-owned

AVC HALTS DEAL TO BUY SAND HILL ROAD PORTFOLIO

The nine-digit deal for KKR’s Australian Venue Company to buy the Sand Hill Road portfolio has been put on hold as both groups share in the national pain of pub closures. News emerged early March of the agreement, understood to

COLES & AVC LODGE JV FOR SPIRIT FLEET

The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year

KKR TAKES MAJORITY BITE OF DIXON HOTELS

KKR has ended speculation, announcing acquisition of a “majority share” in the fast-growing Dixon Hospitality Group for an undisclosed amount. Dixon (DHG) stormed onto the Australian hospitality scene in 2012, expanding upon the ‘party’ boat business of former Spotless CEO

DIXON GROUP COURTS PRIVATE EQUITY AS KKR LOOMS

After shelving its mooted IPO, Dixon Hospitality Group is rumoured to be in talks with private equity buyers – including KKR – the company that sank Keystone. Dixon Hospitality Group (DHG) has hinted at plans for an Initial Public Offering

DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE

The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The