US global private equity firm opens in Australia 7 May 2010 The New-York-based global private equity firm, The Riverside Company, is opening an office in Australia. To be located in Melbourne, the new office will focus on finding and evaluating attractive middle market opportunities in Australia. Riverside invests in leading small and medium-sized businesses valued at to US$200 million. Since the firm was established twenty-two years ago, it has invested in 227 transactions worth US$50 billion. Riverside CEO Bela Szigethy said that the firm’s decision to expand into Australia is a strategic part of a careful expansion plan. “We’ve known that Australia was the next logical step, and we’ve been building relationships there for years in anticipation of this day. “We are excited by Australia’s abundance of entrepreneurial small cap managerial talent and successful economic ties with growing Asian markets,” he added. Riverside’s office in Australia will strengthen the firm’s presence in the Asia-Pacific region. The company already has offices in Hong Kong, Tokyo, and Seoul. More information |