Bridging Continents: Inbound Investment from Hong Kong SAR to Australia

TPG Growth Capital Asia Limited has agreed to acquire Infomedia Ltd for approximately A$661.6 million in a scheme implementation agreement. This acquisition aims to leverage Infomedia’s experienced management and innovative software solutions to accelerate its international expansion across the Asia Pacific, EMEA, and Americas regions.​

PAX Technology Ltd agreed to acquire Pax Technology Australia Pty Ltd from Eagle Fintech Australia Pty Ltd and Retech Solutions Ltd for A$30.0 million, with A$24.6 million contingent on the target’s financial performance. This acquisition aims to strengthen PAX’s global sales network, particularly in the Australia and New Zealand markets.

Animoca Brands Limited acquired Blowfish Studios Pty Ltd for A$35.0 million, including upfront payment and earnouts based on employment and performance milestones. Blowfish’s existing management will continue to operate the company, collaborating with Animoca Brands on blockchain integration, NFTs, play-to-earn features, synergies, and product launches.​

ADV Partners Limited has acquired Techfront Australia Pty Ltd for A$10.5 million (US$7.3 million). The acquisition follows Techfront’s voluntary insolvency filing in April 2020. As part of the deal, ADV Partners paid A$1 million (US$0.7 million) to unsecured creditors and A$7.5 million (US$5.2 million) to BlackRock Limited. Techfront,continues to operate under the new name SureVision Global Pty Ltd, with all employees retained.

A group of investors including Horizons Ventures Ltd (Hong Kong) led by DST Global invested A$140.3 million (US$100.0 million) in Airwallex Pty Ltd during its Series C funding round, valuing the company above US$1.0 billion. The funding will accelerate Airwallex’s international expansion into the US, UK/Europe, and Southeast Asia.​

Airwallex Pty Ltd raised A$17.3 million (US$13.0 million) from Tencent Holdings Ltd, MasterCard Incorporated, Gobi Partners, and Sequoia Capital. The funding has been used to accelerate Airwallex’s global expansion and to launch a range of new product features for users of its international payments platform.​

Affinity Equity Partners (HK) Ltd acquired the Nine Live business of Nine Entertainment Co Holdings Ltd (NEC) for A$640.0 million (US$491.5 million) in a leveraged buyout, consolidating media assets in Sydney. The sale aims to optimize NEC’s focus on its core Free-to-Air TV, Digital, and Subscription Streaming businesses.​

Infinova International Ltd agreed to acquire a 97.5% stake in Swann Communications Pty Ltd for approximately A$127.6 million in cash. The acquisition allows Swann to continue leading product development and design while leveraging Infinova’s expertise in final product development and manufacturing.

An investor group led by Templewater Ltd and BP Ventures Inc has invested A$168.8 million in Hysata Pty Ltd. This Series B funding round supports Hysata’s expansion and technology development, aiming to scale up manufacturing and accelerate green hydrogen adoption.

TrueGreen Mobility Ltd has raised A$149.6 million from Tor Investment Management, supporting the company’s expansion and production plans. The funding supports Nexport Mobility’s efforts to advance clean mobility technology, including establishing a large-scale production facility in NSW’s Southern Highlands and collaborating with Brisbane-based charging company Tritium.

PAG Asia Capital has signed a binding agreement to acquire Unispace Global Pty Ltd for A$300.0 million, retaining existing executives to support global growth. The deal supports Unispace’s global expansion plans, particularly in Asia, leveraging PAG’s extensive local market knowledge and real estate investment experience.​

China Merchants Port Holdings has agreed to acquire a 50% stake in the Port of Newcastle for A$607.5 million, comprising A$162.5 million in shareholder loans and A$445.0 million in equity. The acquisition marks CMPort’s first investment in Oceania and aligns with its ‘Port-Park-City’ development model, aiming to integrate port operations with park and infrastructure development for long-term financial returns.​

Beijing Enterprises Water Group Limited has agreed to acquire TRILITY Pty Ltd from Mitsubishi Corporation, JGC Corporation and Innovation Network Corporation of Japan for an estimated consideration of approximately A$250.0 million (US$200.3 million). This acquisition enables significant expansion domestically and internationally while bringing advanced knowledge and innovation to TRILITY’s operations.​

Baring Asia Private Equity Fund VI, managed by Baring Private Equity Asia, agreed to acquire SAI Global Limited for A$1.3 billion. The objective is for Baring Private Equity Asia to collaborate with SAI Global’s management team to expand and establish the company as a recognised leader in risk management solutions by leveraging Baring’s industry expertise and market presence to drive growth.​

CCCC International Holding Limited has agreed to acquire John Holland Group Pty Ltd from Leighton Holdings for approximately A$953.1 million, aimed at expanding CCCI’s global infrastructure operations. With the acquisition, CCCC is supporting John Holland’s ongoing growth in the Australian infrastructure market and expanding its capabilities globally, particularly in Southeast Asia and Hong Kong SAR.​

Hastings Funds Management Ltd and China Merchants Group have jointly acquired Newcastle Port Corporation for A$1.8 billion, each taking a 50% stake. This partnership marks a notable collaboration in the competitive process to acquire the major Australian coal export terminal.

Argyle Street Management Limited has acquired the remaining 87.16% stake in Donaco International Limited for A$68.7 million, paying A$0.045 per share in cash. The acquisition provides Argyle Street with 100% ownership of Donaco International. The transaction was funded through internal resources of A$50 million and completed on 19 August 2025.

PAG Asia Capital Ltd has acquired Australian Venue Co Ltd from KKR & Co Inc for A$1.4 billion (US$902.5 million). The acquisition provides an exit strategy for KKR whilst enabling PAG to leverage its expertise and international connections to expand the hotel operator's business. The transaction completed on 26 February 2024.​

PAG has acquired Patties Foods Pty Ltd from Pacific Equity Partners Pty Ltd for A$350.0 million (US$235.6 million). The transaction provides an exit strategy for Pacific Equity Partners from the Australian manufacturer, supplier and marketer of frozen bakery, savoury and dessert products. The deal completed on 9 January 2023, subject to regulatory approvals.​

Baring Private Equity Asia has acquired Hilton Sydney from Bright Ruby Resources Pte. Limited for A$530.0 million. The acquisition is a strong sign of confidence in Australia’s recovering tourism sector and the fundamental value of CBD hospitality real estate.​

PAG Asia Capital Ltd has acquired Cordina Chicken Farms in a management buyout transaction alongside the company's management team for a A$300.0 million amount. The acquisition involves the Australian-based poultry processor through a strategic partnership with existing management.

China Mengniu Dairy Company Limited has acquired the remaining 97.1% stake in Bellamy's Australia Limited for A$1.4 billion, paying A$13.25 per share. The acquisition enables China Mengniu to gain full control of the premium infant formula manufacturer, supporting its international expansion strategy in the organic baby food market. The transaction completed on 23 December 2019.​

PAG Capital has acquired Craveable Brands from Archer Capital Pty Limited and other minority shareholders for approximately A$500.0 million (US$350.0 million). The acquisition enables Craveable Brands, which operates 576 stores across Australia and New Zealand under the Red Rooster, Oporto and Chicken Treat brands, to leverage PAG Asia's expertise and international connections for further expansion.

Melco Resorts & Entertainment Limited has acquired a 10.0% stake in Crown Resorts Limited from Crown International Holdings Group for A$879.8 million. The strategic acquisition enables Crown Resorts to enhance its performance and development in Australia whilst attracting international patrons through Melco's gaming expertise.​

Chow Tai Fook Enterprises Limited and Far East Consortium International Limited have jointly acquired a 9.99% stake in The Star Entertainment Group Limited for A$490.3 million (US$376.3 million). The strategic investment enables both Hong Kong SAR-based companies to leverage their combined capabilities and scale whilst benefiting from cross-selling opportunities and exposure to The Star's Queen's Wharf development.​

Humanwell Healthcare (Group) Co., Ltd and CITIC Capital China Partners have acquired Ansell Limited's sexual wellness business for A$803.9 million (US$600.0 million). The acquisition includes condom, lubricant and devices business along with manufacturing sites, providing the buyers with a global platform in the sexual wellness market. The transaction completed in September 2017.

SIIC Medical Science and Technology (Group) Limited and Primavera Capital have jointly acquired Vitaco Holdings Limited for approximately A$359.9 million, offering A$2.25 per share in cash. SIIC Medical acquired a 60% stake whilst Primavera acquired 40%, providing both buyers with exposure to Vitaco's health and wellness product portfolio across Australia and New Zealand. The transaction completed on 6 December 2016.​

Far East Land and Housing Development Company Pte. Ltd and Sino Land Company Limited have jointly acquired Ausco Martin Pty Limited from Reco Martin Pte Ltd for approximately A$565.8 million. The transaction funded by advances from Sino Land and Far East Land on a several and pro rata basis. The transaction was part of the buyer's strategy to expand its diversified real estate portfolio in the Australian market.​

Sunshine Insurance Group Co., Ltd has acquired Sheraton On the Park, Pty. Ltd from Starwood Hotels &Resorts Worldwide Inc for approximately A$463.0 million. The acquisition diversified the Chinese insurancegroup’s portfolio with a premier trophy asset in a leading Asia Pacific travel and financial hub. The transactioncompleted on 10 October 2014.​

Affinity Equity Partners (HK) Ltd has acquired a 35% stake in Virgin Australia Holdings Ltd.'s Velocity Frequent Flyer program for A$336.0 million (US$313.6 million). The strategic investment provides Affinity with exposure to access additional capital for loyalty program growth and strengthen its balance sheet. The transaction was completed through a privately negotiated agreement.​

Wilmar International Limited and First Pacific Company Ltd have jointly acquired an 89.9% stake in Goodman Fielder Ltd from various shareholders for A$1.9 billion. The acquisition enables both buyers to gain control of one of Australasia's largest food manufacturers, supporting their expansion strategy in the region's food processing sector. The transaction completed on 2 March 2015.​

Acclime Holdings HK Limited has acquired Boutique Capital Pty Ltd for an undisclosed amount. The Boutique Capital team has moved into the North Sydney office of Acclime Holdings HK Limited, with its leadership and team remaining in place. The deal supports continuity of service for existing clients and broadens regional capability. 

Rota Capital, a subsidiary of Rota International Holding Group, has merged with Capital Finance Limited to expand its brokerage services and increase Capital Finance’s share capital to 20 million euros. The merger aims to boost Rota Capital’s turnover and international exposure in a competitive market. The deal was completed in January 2023.​

Mid Market Trust, a Hong Kong SAR‑based unit of Market Mid Pty Ltd, has acquired Market Sub Trust for A$655.0 million (US$448.8 million) in cash.

Lei Shing Hong Capital has acquired HS Credit (Melbourne) Pty Ltd from Hap Seng Consolidated Berhad for A$250.2 million (US$175.5 million), including a 10% deposit payable within seven days of signing. The deal supports HSCB’s strategy to streamline operations and reduce borrowings, while enabling Lei Shing Hong to expand its financial‑services platform.​

Affinity Equity Partners has agreed to acquire Scottish Pacific Group Ltd for A$630.5 million, via a scheme of arrangement valuing shares at A$4.4 each. The objective of Affinity Equity Partners’ acquisition of Scottish Pacific is to acquire a leading Australia-listed debt and trade finance provider, enhancing its exposure to working-capital financing services.

Lei Shing Hong Capital Ltd has acquired Hap Seng Credit (Australia) Pty Ltd from HSC International Ltd for approximately A$253.0 million (MYR 770.0 million), comprising MYR 77.1 million upfront and MYR 694.1 million at completion.​

AIA International Ltd has agreed to acquire The Colonial Mutual Life Assurance Society Ltd and ASB Group (Life) Ltd from Commonwealth Bank of Australia for A$3.7 billion, later revised to A$2.4 billion. The deal includes a 20-year partnership for life insurance product distribution across Australia and New Zealand.​

Chow Tai Fook Enterprises Limited (CTFE) acquired Australia-based Alinta Energy Limited from US private equity firms TPG Capital LP, Oaktree Capital Management LP, and Anchorage Advisors LLC for approximately A$4.0 billion (US$3.0 billion). The acquisition aims to grow Alinta’s business through value-accretive investments in the Australian energy market.

Affinity Equity Partners has acquired HLS Imaging Holdings (Lumus) from Healius for A$965.0 million (US$656.8 million) in cash through a leveraged buyout. The objective of the sale of Lumus Imaging by Healius Limited to Affinity Equity Partners is to reduce debt, support strategic execution in Healius’ pathology business, and return cash to shareholders. 

EQT Partners has acquired VetPartners Australia from Agnaten SE for A$1.4 billion. EQT aims to invest significantly in advanced diagnostic equipment, technology, innovation, recruitment, and professional development to benefit both animals and their caregivers.​

Harrison AI has raised A$129.0 million (US$92.1 million) in a Series B round. The funding round led by Horizons Ventures, alongside Blackbird Ventures and Skip Capital. The funding will support scaling clinical AI applications, expanding the AI data science and engineering team, and launching new AI-powered diagnostic tools in partnership with global clinical collaborators.​

Harrison AI has secured A$60.0 million (US$44.7 million) in a funding round. This includes a A$40.0 million (US$29.8 million) Series B round led by Horizon Ventures, Blackbird Capital and Skip Capital, plus a A$20.0 million (US$14.9 million) strategic investment from I‑MED Radiology.​

CDH Genetech and Grand Pharmaceutical Group Limited agreed to acquire Sirtex Medical for A$1.9 billion, offering A$33.6 per share via a scheme of arrangement. A A$200.0 million reverse break fee and A$19.0 million Sirtex break fee were included. This acquisition aims to support its strategic venture into the field of interventional oncology.​

China Resources and Macquarie Group, together with doctor-shareholders, agreed to acquire up to 74% of GenesisCare for A$2.3 billion from KKR & Co. L.P. and other investors. The acquisition aims to leverage Australian healthcare expertise and technology to improve healthcare access in new markets, including China.​

Affinity Equity Partners acquired Health Communication Network from Primary Health Care for A$156.0 million. The objective is to partner with the team to accelerate the growth of Medical Director and enhance its reputation for delivering innovative products and services to customers.​

Modern Dental Laboratory Co., Ltd. has acquired Southern Cross Dental Laboratories (SCDL) from private equity firm Ironbridge Capital Pty Limited for an estimated A$77.0 million (US$58.9 million).​

Sinomine International Exploration (Hong Kong) Holdings Co Ltd, the Hong Kong SAR (China) based investment company, is to acquire an approximately 5.34% of enlarged share capital of Cobre Ltd at A$0.06 per share. Sinomine’s investment is to fund a follow‑up phase of targeted diamond drilling at Cobre’s Okavango Copper Project (OCP) in the Kalahari Copper Belt. The consideration was A$1.5 million (US$0.98 million).​

Billions (Hong Kong) Corporation Limited agreed to acquire a 79.3% stake in Murray Zircon Pty Ltd from Orient Zirconic Resources (Australia) Pty Ltd for approximately A$21.1 million in cash. The transaction completed on 23 Dec 2024.

Sparky International Company Limited has offered to acquire a 90.7% stake in Tietto Minerals Limited for A$716.6 million. The offer, which was increased from A$0.58 to A$0.68 per share. The acquisition aims to expand Zhaojin’s overseas gold mining operations and accelerate growth at Tietto’s Abujar Gold Mine in Côte d’Ivoire.​

Xinhai Investment Ltd, a subsidiary of Hainan Mining Co Ltd, acquired the remaining 49% stake in ROC Oil Co Ltd for A$242.2 million (US$163.0 million) in cash. This transaction consolidates Xinhai’s control over the Sydney-based oil and gas producer in a private deal. The transaction completed on 07 Nov 2023.​

Chijin International (HK) Ltd, a unit of Chifeng Jilong Gold Mining Co Ltd, acquired a 7.9% stake in Tietto Minerals Ltd by purchasing 85 million new shares for A$49.3 million (US$33.7 million) at A$0.58 per share. This private transaction strengthens Chijin’s investment in the West Perth gold miner.​

Shandong Gold Mining (Hong Kong) Co., Limited entered into a bid to acquire Cardinal Resources Limited for approximately A$625.7 million via an off-market takeover offer starting in June 2020. The deal provides Shandong Gold with the opportunity to expand its resource portfolio. The transaction completed on 19 Jan 2021.​

APAC Resources Ltd of Hong Kong SAR acquired a 21.2% stake in Metals X Ltd, a Perth-based metals miner, for an estimated A$35.0 million (US$22.6 million) in cash through a privately negotiated transaction. The transaction completed on 30 Jun 2023.​

GFL International Co., Ltd and Process Minerals International Pty Ltd agreed to acquire an additional 13.8% stake in Reed Industrial Minerals Pty Ltd from Neometals Ltd for about A$103.8 million in December 2018. The transaction enabled Process Minerals to increase its shareholding to 50%.

Xinhai Investment Ltd, a unit of Hainan Mining Co Ltd, acquired a 51.0% interest in ROC Oil Co Ltd for A$317.9 million (US$229.5 million) in cash. This acquisition enhanced Xinhai’s controlling interest in the Sydney-based energy producer. The transaction completed on 12 Jun 2019.

Goldwind International Holdings (HK) Limited and Xinjiang GoldWind Science & Technology Co., Ltd. acquired Stockyard Hill Wind Farm Pty Ltd from Wind Power Pty Ltd for A$110.0 million. The aim of the transaction is to deploy Goldwind’s 3s Smart Wind Turbine technology to deliver Australia’s largest wind farm and support  renewable energy generation.

Cheung Kong Infrastructure Holdings Ltd, Power Assets Holdings Limited, and Cheung Kong Property Holdings Limited acquired 100% of DUET Group for A$14.1 billion through a scheme implemented from January 2017. The consortium pursued the deal to expand its Australian energy infrastructure portfolio. The acquisition, with CKI and CKP each taking 40% and Power Assets 20%, was completed on 15 May 2017.​

Xinneng (Hong Kong) Energy Investment Limited agreed to acquire an 11.8% stake in Santos Limited for approximately A$1.0 billion (US$0.8 billion). The acquisition marks ENN’s strategic entry into gas production, expanding its presence across the natural gas value chain.

Guangdong Rising HK Ltd, a wholly owned subsidiary of Guangdong Rising Assets Management Co Ltd,acquired the remaining 77.5% stake in PanAust Ltd for A$928.9 million (US$734.8 million) via a tender offer atA$1.85 per share. The acquisition led to an increased ownership stake and PanAust’s subsequent delisting fromthe ASX. The transaction completed on 12 Jun 2015.

Transcendent Resources Limited entered a bid implementation agreement to acquire Roc Oil Company Limited for approximately A$479.0 million in cash. The offer price was A$0.69 per Roc share, with additional payments for options and rights. The reason for acquisition is to enable the Group to enter the upstream oil & gas industry and acquire oil & gas assets. The transaction completed on 14 Nov 2014.

A consortium comprising Cheung Kong Holdings Ltd, Cheung Kong Infrastructure Holdings Ltd, and Power Assets Holdings Ltd offered to acquire the remaining 82.54% of Envestra Ltd for A$4.2 billion. The acquisition has expanded Cheung Kong’s regulated assets in Australia and strengthened its presence in South Australia and Victoria. The transaction completed on 21 Aug 2014.​

PAG has agreed to acquire the Flinders Gate Complex from DEXUS for A$254.5 million (US$165.9 million). The Flinders Gate Complex is a key property in Australia, and its sale to PAG is part of Dexus’s strategy to reduce gearing and focus on higher-return real assets. The transaction completed on 31 October 2025.​

PAG Asia Capital Ltd acquired 367 Collins Street, Melbourne from Mirvac Ltd for A$315.0 million (US$210.1 million). Mirvac completed the sale in October 2024, allowing PAG to reinforce its presence in Melbourne’s prime commercial office market.​

An investor group comprising PAG and Fawkner Property Ltd planned to acquire Midland Gate Shopping Centre in Perth for around A$465.0 million (US$300.1 million) in a leveraged buyout. Midland Gate was listed for sale by Commonwealth Bank Officers Superannuation Corp and Vicinity Retail Partnership in 2019.

PAG of Hong Kong SAR purchased a Sydney office building from Dexus Property Group for A$393.1 million (US$264.0 million) via auction. Announced in April 2023, Dexus’s decision to divest this key non-residential building signals a shift in the office tower market amid rising borrowing costs and falling occupancies. The transaction completed on 31 Jul 2023.​

Link Real Estate Investment Trust has agreed to acquire a 49.9% stake in an office portfolio across Sydney and Melbourne from Oxford Properties Group for approximately A$604.6 million. The consideration includes an initial A$30.0 million settled through an escrow account, with the balance payable on completion. The acquisition is financed through Link’s internal resources and bank facilities. Investa will continue managing the portfolio.

GIC Pte. Ltd and ESR Group Limited jointly acquired an Australian logistics property portfolio from Blackstone Group for A$3.8 billion. The Singaporean sovereign wealth fund contributed 80% equity while ESR held 20%. This deal makes ESR the third-largest logistics real estate manager in Australia by assets under management. The transaction was supported by fully underwritten debt facilities from major banks.​

Link REIT executed a unit sale agreement to acquire 100 Market Street from Blackstone Group for approximately A$683.0 million. The transaction was funded by external bank loans alongside internal capital. The asset is a high-quality office building in Sydney’s CBD and the deal is projected to be immediately accretive to Link’s portfolio.

Foo Hang Jewellery Ltd acquired 595 Collins Street, Melbourne, from the National Pension Service for approximately A$314.0 million. The transaction was legally advised by Allens. This marks Foo Hang Jewellery’s first investment into the Australian property market, reflecting Melbourne’s growth as a destination for international property investment.

ESR Real Estate (Australia) Pty Ltd, a subsidiary of ESR Group Limited, launched a cash offer to acquire all outstanding shares in Propertylink Group for A$973.1 million. The deal, completed in early 2019. It expanded ESR’s presence in the Australian logistics and business park sector.​

Early Light International Ltd has acquired a 50% interest in Northpoint Office Tower, a Sydney-based commercial property lessor, from Redefine Properties Ltd jointly owned by Redefine Properties Ltd and Cromwell Property Group. The transaction was completed for a total of A$300.0 million (US$234.8 million).​

Early Light International (Holdings) Limited purchased the Exchange Centre at 20 Bridge Street, Australia from Kumpulan Wang Persaraan for approximately A$335.0 million. This deal signals Early Light’s first Australian property purchase and strengthens its presence in the region.

The Cheng Family of Hong Kong SAR acquired a 75% interest in Midcity Centre, Sydney, from Fortius Funds Management Pty Ltd for an estimated A$310.0 million (US$228.6 million). This purchase strengthens Cheng Family’s Sydney portfolio, acquiring a prime retail asset on Pitt Street Mall, adjacent to Myer’s flagship store and Sydney’s busiest shopping strip.

The Hong Kong SAR Monetary Authority Investment Portfolio acquired a 25% stake in Barangaroo International Tower’s Tower 1 from Lend Lease Group for A$350.0 million. This transaction supported HMA’s investment goals by securing a foothold in a landmark commercial property in Sydney’s Barangaroo precinct, with Colliers International advising on the deal.​

Wanda Australia Real Estate Investment Co., Limited agreed to acquire GoldFields House for approximately A$414.7 million from Valad Core Plus Fund in December 2014. Wanda Group plans to develop a mixed-use project featuring a 5-star hotel, luxury residences, and retail space.

Blackstone Real Estate Asia, through an undisclosed affiliate, acquired a 50% interest in 275 Kent Street property from Mirvac Group Ltd for A$435.0 million (US$403.6 million). The objective of the transaction was to accelerate Mirvac’s non‑core asset sales program.​