The Australian buyout market has shrugged off concerns about the credit crunch after the completion of its two largest deals this year, worth a combined A$2.9bn (€1.8bn).
US private equity firm Carlyle Group acquired Coates Hire, an equipment rental company, for A$1.7bn two days ago, while European rival CVC Capital Partners and its Asian affiliate, CVC Asia Pacific, yesterday sold healthcare business DCA Agedcare Group for A$1.2bn to UK-based healthcare provider BUPA after just 10 months of ownership.
