About Nicole Connolly

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So far Nicole Connolly has created 36 blog entries.

Allegro Funds named as AIC Firm of the Year and awarded TMA Australia’s Medium Company Turnaround for Pizza Hut Australia

In August the Allegro team was pleased to attend the 2023 Australian Investment Council (AIC) Investment Conference and the 2023 Turnaround Management Association (TMA) Australia National Conference. Our team is thrilled to bring home the AIC 2023 Firm of the Year Award in recognition of Allegro’s contribution to private capital industry development. Additionally, we are pleased to be recognised for our transformation of Pizza Hut Australia, receiving the AIC’s Small Cap Investment Award and TMA Australia’s Medium Company Turnaround of the Year Award.

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Allegro Funds acquires PwC Australia’s Public Sector business

PwC Australia’s Public Sector advisory business will become an independent government-specialist company, as Allegro Funds and PwC reached binding term sheet on the sale of the business. The transaction will have an effective date of 1 July 2023.

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Allegro exits investment in Best & Less Group

Allegro Funds (“Allegro”) announces that it has fully exited its investment in Best & Less Group (“BLG”).

On 5 June 2023, Allegro accepted the off market offer from BRRC Admin 1 Pty Ltd (“BBRC”), an entity owned by Brett Blundy and Ray Itaoui, to acquire all outstanding shares in BLG for $1.89 per share. Allegro had previously indicated that it would accept the offer, subject to there being no superior proposal. In absence of a superior competing offer, Allegro exited its remaining interest in BLG on 5 June 2023.

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Allegro to exit Pizza Hut Australia in agreement with Flynn Restaurant Group

Allegro Funds (“Allegro”) is pleased to announce that it has entered into an agreement to sell its stake in Pizza Hut Australia to America’s largest restaurant franchisee, Flynn Restaurant Group (“FRG”).

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ALLEGRO NEWS: May 2023 edition

Welcome to the May 2023 Allegro Newsletter.

On the investment side, we’ve been hard at work completing the take private of Slater and Gordon earlier this month. In terms of team news, we have strengthened our deal origination function with the appointment of 
Rachel Lawler as an Investment Director in the Deal Team.

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ALLEGRO NEWS: December edition

Welcome to the December 2022 Allegro Newsletter.

Active Complex Transformation is what we do, and this includes creating strong, sustainable businesses that are well-positioned for the future. For this reason, environmental, social, and governance (ESG) matters are at the forefront of our decision making, and we are proud to bring you exciting updates about the achievements of our portfolio companies in this regard. We have also completed the restructuring of Camp Australia, our most recent Fund III investment, and we have a few interesting internal updates to share as well.

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From our family to yours we wish you a Merry Christmas and a relaxing break.
Our office is closed from 23 December, reopening 16 January 2023.