Treasury Group (TRG) has agreed to acquire a 15% equity stake in ROC Partners, an Australian and Asian private equity investment and advice business.
Under the agreement, TRG also agreed to provide a five year working capital facility to be drawn down at ROC’s discretion over time.
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The total capital commitment by TRG will be up to $4.5 million which will be funded by TRG out of internally available working capital.
Additionally, TRG will provide a range of support services to ROC including risk and compliance, accounting and operational support services.
Andrew McGill, managing director and CEO of TRG, said: "The ROC Partners team is the leading private equity team of its type in Australia and I am delighted that TRG has been able to invest with them in support of their future growth and success.
"Michael Lukin and his colleagues are highly regarded by both clients and general partners across the Asia-Pacific markets in which they operate and have been known to TRG for many years."
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By GlobalDataMajority owned by its management team, ROC specialises in advice and private equity investment services for investors in Australia, US and Europe.
Following the buyout total funds under advice are expected to be approximately $5.4 billion including investments in primary funds, secondaries and co-investment opportunities across the Asia-Pacific region.
