Sydney, Australia 01 May 2025

On 4 December 2024, an entity owned by funds managed or advised by Pacific Equity Partners Pty Limited (‘PEP’) signed an agreement to take SG Fleet Group Ltd (‘SG Fleet’) private in a transaction at an enterprise value of A$1.4B.  The acquisition was completed on 30 April 2025.

SG Fleet is a leading provider of integrated mobility solutions, fleet management, and leasing services across Australia, New Zealand, and the United Kingdom. Established in 2004, the company has grown rapidly to become the #1 fleet management organisation in Australia, managing a portfolio of more than 277,000 vehicles for a diverse customer base of corporate and government clients.

SG Fleet’s services include a comprehensive range of leasing and management options for corporate fleets and employees’ personal vehicles via novated leases. We are excited to partner with an experienced management team to support future growth, both organic and through acquisition.

This is the tenth public-to-private transaction undertaken by the PEP Funds, higher than any other private equity firm in the Australia and New Zealand market.

About Pacific Equity Partners (PEP)

PEP is Australasia’s oldest and largest private equity firm with A$14 billion AUM across various investment strategies. Since 1998, PEP has made more than 200 investments including bolt-ons, has engaged in over A$50 billion of transactions, including both acquisitions and exits, and has delivered a 28% average Net IRR p.a. across the closed end funds. PEP has been the recipient of various industry awards over the past 27 years, including most recently the 2024 Firm of the Year Award from the Australian Investment Council (AIC).