Australian Venue Co Secures New Backing from CVC Capital

Deal News | Aug 01, 2025 | CVC Capital Partners

Australian Venue Co (AVC), a significant player in Australia’s hospitality industry, has secured a new private equity partner to advance its growth trajectory. CVC Capital Partners, via its Asia VI fund, has acquired a 45% stake in AVC from PAG, the existing majority stakeholder. Now holding equal stakes of 45% alongside PAG, CVC aims to fuel growth by revamping existing establishments and exploring new opportunities. Operating 243 venues across Australia and New Zealand, AVC is poised to expand its footprint. CEO Paul Waterson emphasizes that this strategic partnership will grant AVC access to essential financial support for ambitious growth plans.

Sectors

  • Hospitality
  • Private Equity

Geography

  • Australia – AVC primarily operates within Australia and is experiencing growth in this region.
  • New Zealand – AVC also has operations in New Zealand, indicating a cross-country presence.

Industry

  • Hospitality – AVC operates pubs, bars, and hotels, making hospitality a core industry.
  • Private Equity – CVC Capital Partners and PAG are private equity firms involved in the transaction.

Financials

  • 45% – CVC Capital Partners' stake in Australian Venue Co.

Participants

NameRoleTypeDescription
CVC Capital PartnersBidding CompanyCompanyA global private equity firm that acquired a 45% stake in AVC.
Australian Venue Co (AVC)Target CompanyCompanyOne of the largest operators of pubs, bars, and hotels in Australia.
PAGSelling CompanyCompanyAn Asia Pacific-focused alternative investment firm that had previously held a majority stake in AVC and now partners equally with CVC.
Paul WatersonCEO of AVCPersonChief Executive responsible for leading AVC’s growth strategies.