Latest News

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.

Allegro Spring 2022 Newsletter

ALLEGRO NEWS: Spring edition
Chester and Adrian

Welcome to the September 2022 Allegro newsletter. In June we celebrated the launch of Allegro Fund IV with investors, advisers, portfolio company management teams and Allegro employees at the Sydney Opera House. We held our AGM in June, received some more awards, plus we had lunch with the New Zealand Prime Minister. Read all about this and more!

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