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Buyout PE

Mercury Capital

Mercury Capital acquires controlling stakes in established, profitable businesses, from Australia. It states a focus on consumer & retail, education, financial services and business & professional services.

Capital raised$18macross 2 SEC-filed vehicles
Most recent fund2023filing since 2021
HeadquartersAustralia
Stated fund size1000

Stated investment criteria

What Mercury Capital says it buys

Read from Mercury Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Minimum revenue it statesNZD 150m1
OfficesSydney, Melbourne, Auckland, Singapore1
People listed on its team page152

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Mercury Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Mercury Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$18m
Largest single vehicle$17m
Filing history2021 to 2023
Smallest accepted commitment$100k
Filed fromOKLAHOMA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Portfolio

Disclosed holdings

Companies Mercury Capital lists on its own website. 12 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
ResourceCo20206
Architectus20215
E&P Financial Group20215
Green by Nature20215
Re.Group20224
Avive Health20233
Matrix Education20233
Findex20242
Fyfe20242
JMC20242
Forsyth Barr20251
Paramount20251
Estia Health
Fiftyfive5
HealthStrong
MessageMedia
NXP
Novotech CRO
Squiz
TEG
Tamaki Health
Vetwest
Volunteer HQ
aremedia.com.au
bluestargroup.co.nz
eap.com.au
nexusdayhospitals.com.au

Compiled from Mercury Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Mercury Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2017. 1 recorded acquisition.

CompanySideCounterpartyYearConsideration
JMC AcademyBought2024$150m
NovotechSoldTPG2017$300m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Consumer & Retail

What companies have actually sold for in consumer & retail, across 837 recorded transactions.

Median consideration$90m
Middle 50%$25m-$280m
Revenue multiple1.2×
EBITDA multiple8.05×

The full consumer & retail picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in consumer & retail.