Allegro Funds

Allegro Funds Pty Ltd is a private equity firm based in Sydney, Australia, founded in 2004. The firm specializes in mid-market investments, focusing on expansion capital, management buyouts, special situations, and restructures in companies with enterprise values up to AUD$300 million. Allegro primarily targets companies that generate revenues exceeding AUD$50 million and prefers to invest between AUD$10 million and AUD$50 million in equity. The firm seeks controlling stakes and often aims to take a board seat in its portfolio companies, with a typical investment horizon of three to five years. While Allegro does not invest directly in property development, early-stage businesses, or primary industries like agriculture and mining, it is open to investing in companies that provide services to these sectors. Its investment activities are concentrated in Australia and New Zealand, covering various sectors, including B2B, B2C, e-commerce, and technology, media, and telecommunications.

Uddhav Bhargava

Investment Manager

Fay Bou

Partner and Managing Director

Steve Bushaway

Operating Partner

Timi Cheng

Operating Partner

Jennifer Cheung

CFO

Erica Garrido

Operating Partner

Sarah Hyden

Operating Partner

Dylan Jaya

Investment Manager

Chris Koeck

Investment Director

Johan Krynauw

Investment Manager

Khosrow Kyanian

Assistant Director

Jeffrey Largier

Managing Director

Alysha Mathieson

Associate

Chester Moynihan

Co-Founder and Partner

Harry Muraledaran

Associate

Mark Sheriff

Operating Partner

Theodore Sun

Investment Manager

Melita Swartz

Operating Partner

Robert Thorpe

Managing Director, Finance and Operations

Jeremy Trouncer

Associate

Menno Veeneklaas

General Operating Partner

Vanessa Xie

Associate

16 past transactions

Toll Global Express

Acquisition in 2021
Toll Global Express is a diversified transportation and logistics business with an unparalleled network across Australia and New Zealand. The group provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New Zealand.

Hannahs

Acquisition in 2017
Hannahs Shoes is a specialty retail footwear chain with 52 stores under the Hannahs brand, and 10 stores under the Hush Puppies brand and the Auckland Pulp store.

Number One Shoes

Acquisition in 2017
Number One Shoes Limited is a footwear retail chain based in Auckland, New Zealand, specializing in discount footwear. Founded in 2001, the company provides a wide range of products, including shoes, boots, slippers, sandals, and sports footwear for men, women, and children. In addition to its physical stores, Number One Shoes offers an online shopping platform. The company was previously known as Discount Shoe Warehouse Limited until it rebranded in October 2009. As of November 2017, it operates as a subsidiary of Hellaby Holdings Limited.

Terrex Seismic

Acquisition in 2017
Terrex Seismic Pty Ltd, based in Banyo, Australia, specializes in providing seismic acquisition services, surveying, and geophysical processing for the oil, gas, and resources industries. The company employs advanced techniques to gather seismic exploration data, utilizing both cable and cable-less recording systems. Terrex offers a range of seismic options, including man or helicopter portable shot hole explosives and various vibroseis systems, such as low-footprint enviro vibes for sensitive areas, truck-mounted vibrators for road surveys, and buggy vibrators for deeper investigations. By delivering detailed insights into subsurface structural and stratigraphic features, Terrex Seismic supports clients in navigating the complex demands of the energy sector.

Healthy Life

Acquisition in 2017
Healthy Life is a health retailer with wholesale and retail operations including 56 stores across Australia. Healthy life has wholesale and retail operations across 63 stores in Australia.

JSW Drilling

Acquisition in 2016
JSW Australia Pty Ltd specializes in providing comprehensive drilling services across various sectors, including mining and civil projects. Founded in 1996 and headquartered in Bibra Lake, Australia, the company operates branches in Kalgoorlie, Port Hedland, and Boddington. Its offerings encompass drill and blast operations, contour drilling in challenging terrains, and production blasting for minerals such as nickel, bauxite, iron ore, and gold. Additionally, JSW Australia provides services for resource definition, exploration, and fleet management, along with water well drilling, including production and monitoring bores. The company also engages in diamond drilling and various project management services, focusing on maximizing productivity and efficiency for its Tier 1 customers.

Experience Australia Group

Private Equity Round in 2016
Experience Australia Group is experiential tourism business which owns a portfolio of businesses providing tourism services.

Pizza Hut Australia

Acquisition in 2016
Pizza Hut Australia is a restaurant chain and international franchise known for Italian-American cuisine including pizza and pasta.

Carpet Court

Acquisition in 2015
Carpet Court owns and operates a chain of residential and commercial flooring product stores throughout New Zealand. It offers carpets, laminates, tiles, vinyl products, luxury vinyl tiles, and wood and timber floors, as well as curtains and blinds. The company is headquartered in Auckland, New Zealand.

Great Southern Rail

Acquisition in 2015
Great Southern Rail has owned and operated The Ghan (Adelaide-Alice Springs-Darwin), the Indian Pacific (Sydney-Adelaide-Perth) and The Overland (Melbourne-Adelaide) rail journeys since 1997 when it became the first transcontinental passenger rail business to be privatised in Australia.

Custom Bus

Acquisition in 2014
Custom Bus is a bus-body building company established in 1955, recognized for its high-quality and durable city buses designed for a lifespan of 25 years. The company caters to the Australasian passenger sector by manufacturing electric buses, coaches, and trucks, alongside providing essential vehicle components such as spare parts, bench seats, and seat belts. Custom Bus serves a diverse clientele, including some of the largest government and private bus operators in Australia, ensuring its products meet the rigorous demands of public transportation.

Bos International

Debt Financing in 2012
Bos International provides debt solutions, treasury, and risk management services for corporate customers and financial institutions.

TSC Group

Acquisition in 2012
TSC Group Holdings Pty. Ltd. specializes in technical maintenance services and small-scale fit-outs for commercial and industrial heating, ventilation, and air conditioning (HVAC), refrigeration, and fire safety and security systems in Australia and New Zealand. The company offers a comprehensive range of HVAC services, including design, installation, refurbishment, replacements, project engineering, and preventative maintenance, along with 24-hour breakdown support. In the fire safety sector, TSC Group provides design, installation, service, maintenance, and compliance testing for fire prevention and detection systems, fire alarms, suppression systems, and emergency lighting. Additionally, its security services encompass the design and installation of access control systems, CCTV, intruder alarms, and monitoring solutions, with 24-hour emergency support. TSC Group serves a diverse clientele, including sectors such as commercial, health, education, telecommunications, industrial, and government. Founded in 2012 and based in Auburn, Australia, TSC Group operates as a subsidiary of Cofely Australia.

Vulcanite

Acquisition in 2011
Vulcanite is a design and manufacturing company specializing in engineered rubber products for the rail, construction, and industrial sectors. It partners with clients to deliver flexible engineering services and is certified under the AS/NZS ISO 9001:2008 standard. The company focuses on creating components from rubber and steel-molded composites that effectively isolate mechanically induced vibrations. This expertise allows Vulcanite to cater to railway rolling stock builders and manufacturers of vibratory piling hammers, providing solutions that enhance performance and reliability in various applications.

I-MED Radiology Network

Acquisition in 2011
I-MED Radiology Network is Australia's largest private medical imaging provider, operating over 200 clinics across major metropolitan areas and significant rural regions. Established in July 2000, the network merged with MIA Group Limited in 2004 to enhance its services. With a workforce of approximately 3,900 staff, including 300 specialist radiologists and 50 nuclear physicians, I-MED conducts over 4 million patient examinations annually. The clinics offer a comprehensive range of diagnostic imaging services, including X-ray, CT, MRI, nuclear medicine, ultrasound, cardiac imaging, and interventional procedures. By employing advanced technology and expert radiologists, I-MED aims to deliver accurate results that support effective treatment follow-ups for patients referred by medical practitioners.

Discovery Parks

Acquisition in 2008
Discovery Parks owns and operates lifestyle holiday parks in Australia. With almost 60 fantastic locations across Australia, whether you are looking for a family holiday, a short escape, work stay or corporate accommodation, Discovery Parks has the solution for you.
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