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ALLEGRO NEWS: December edition

16-December-2022|

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

23-September-2022|

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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Gull New Zealand Completion Announcement

27-July-2022|

Allegro Funds Pty Ltd (“Allegro”) is pleased to announce the completion of its acquisition of Gull New Zealand (“Gull”) from Ampol Limited (ASX:ALD).

Under the terms of the sale, Allegro has acquired 100% of Gull for net cash proceeds of approximately NZ$522 million (subject to adjustment).

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Allegro Autumn 2022 Newsletter

17-March-2022|

ALLEGRO NEWS: Autumn edition
Chester and Adrian

Welcome to the Autumn 2022 edition of the Allegro newsletter. A lot has happened since our last newsletter, and this has set the tone for the year ahead. Exciting times! We hope you enjoy this quick update about what we’ve been doing. Enjoy!

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Fund IV First Close

17-November-2021|

We are pleased to advise that we have reached the first close milestone of our Fund IV fundraising.

Since launching on 1 September 2021, we have experienced strong demand with commitments for the core fund at approximately $500 million and $100 million for the sidecar, which includes the required manager commitment.

We have been humbled by the support from our existing investor base with a re-up rate of more than 90% and are delighted to welcome several new investors – both offshore and domestic to the Fund.

We anticipate accepting further commitments into Fund IV during the remainder of this calendar year, with a final close to be held during the 1st quarter of 2022.

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Completion of Sale: Allegro Funds Sells Investment in The Interiors Group

30-September-2021|

Allegro is pleased to announce the sale of its investment in The Interiors Group (“TIG”) to Pencarrow Private Equity, one of New Zealand’s leading growth private equity firms.

Allegro’s interest in the business began in 2015 with the acquisition of Carpet Court, New Zealand’s largest national flooring brand. In 2018, Allegro bolted on CurtainStudio, a leading national window furnishings retailer, at which time the business was renamed The Interiors Group, reflecting the successful platform business it had become.

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