Mercury Capital
Private equitySydney · Growth–Late Stage · 5 people tracked
Investment thesis
Mercury Capital is a private equity manager focused on the Australian and New Zealand mid-market. Since raising its first A$120m fund in 2010, it has grown through successively larger funds (A$300m in 2015, A$600m in 2018 and Fund Twenty2) and typically takes controlling or substantial minority positions. It partners with founders and management teams to drive growth, buy-and-build consolidation and operational improvement across a diverse range of sectors including financial and professional services, education, healthcare, media, recycling/circular economy, engineering, software and consumer businesses.
Source: firm website, verified Aug 3, 2026.
Team · 5 people
from the firm's websiteWhat they invest in
from 25 of 28 portfolio companiesHealthtech ×7Digital Health ×5E-commerce ×3Enterprise Software ×3Fintech ×3Impact & Social Good ×3Wellness & Fitness ×3B2B Marketplaces ×2
HQs:Australia×18New Zealand×4
Investments · 28 tracked
founders shown can be your intro pathAre Media is a multi-channel publisher of magazines and content across lifestyle, entertainment, fashion, beauty, homes and food, with brands including New Idea, Marie Claire and Better Homes and Gardens.
Media & EntertainmentAustralia, AU
Sally Eagle(Chief Executive Officer of Are Media Australia & New Zealand)Marena Paul(Finance Director)Ian McHutchison(Director of Operations)Veronique Maury(General Counsel)Jocelin Abbey(Director of Content and Consumer Growth)Anna Quinn(Director of Sales)
Architectus is an Australian architecture and design practice offering architecture, urban design and planning, interior design, landscape architecture, and in-house digital/technology consultancy services.
Construction TechPropTechAustralia, AU
Vetwest operates a network of veterinary clinics across the Perth metropolitan area and Mandurah in Western Australia, providing animal care and veterinary surgery services for pet owners.
ConsumerHealthtechPerth, AU
Avive operates a licensed private mental health hospital offering inpatient psychiatric care with private single bedrooms, circadian lighting, and multidisciplinary clinical teams.
Digital HealthHealthtechMental Health
Portfolio company (details to be confirmed).
E&P is an Australian-owned financial services firm providing strategic financial advice, SMSF accounting services, and wealth management to individuals, families, organizations, corporates and institutions.
Fintech
Estia Health Limited is an Australian residential aged care provider.
Digital HealthHealthtechWellness & Fitness
Co-investorsBain Capital
Fiftyfive5 helps organizations identify and unlock demand-led growth strategies through data-driven analysis and deeper customer understanding.
Data & Infrastructure
Forsyth Barr is an investment and financial services firm offering transactional broking services, managed portfolios, funds, fixed interest, equities, and capital markets services for individual and institutional investors in New Zealand.
FintechNew Zealand (nationwide), NZ
Fyfe is an Australian engineering and environmental consultancy providing services across renewable energy, resources, transport, power and network infrastructure, water and wastewater, land development, and data centres over the full project lifecycle.
Climate TechConstruction TechEnergyEnterprise Software
Green by Nature is a landscape services company that designs, builds, and maintains green spaces for education, government, commercial, residential, sports, and events sectors across Australia and New Zealand.
AgTechImpact & Social GoodMelbourne, AU
Amplar Health invests in and operates primary care services across Australia, including a major stake in MyHealth Medical Group and ownership of Better Medical, a network of 61 GP and medical clinics.
Digital HealthHealthtechWellness & Fitness
Australasia's leading label printer formed by Mercury through label company acquisitions; acquired by Multi-Colour (NZ) in October 2021.
International Volunteer HQ (IVHQ) offers corporate volunteering programs abroad, arranging customizable CSR-focused trips in 40+ countries where employee teams work on education, environmental, health, and community development projects.
Impact & Social GoodMarketplacesSocialTravel & Hospitality
JMC Academy is an accredited Australian higher education provider offering programs in the creative industries.
Creator EconomyEdTechSydney, AU
Matrix Education is a tutoring and coaching provider offering online and on-campus courses for students during school terms and holidays.
EdTechSydney, AU
MessageMedia is a global messaging platform that enables businesses to reach customers via SMS, social, and 85+ integrations.
Enterprise SoftwareMarketing TechSaaS
Nexus Day Hospitals operates specialised private hospital facilities in Australia that provide surgical and medical care in a patient-focused environment.
HealthtechMedical DevicesAustralia, AU
Novotech is a contract research organization (CRO) that provides clinical trial execution and scientific advisory services for biotech and biopharma sponsors, including complex cell and gene therapy trials.
BiotechDigital HealthHealthtech
Anand Kumaresh Tharmaratnam(Chief Executive Officer & Chairman)inVivek Kapoor(Chief Financial Officer)Tim Bray(Chief Human Resources Officer)inJudith Ng-Cashin(Chief Medical Officer)inPrashant Dhami(Chief Strategy Officer)Dylan Matzinger(Chief Business Officer)in
NXP is a New Zealand distributor of business consumables including office, paper, café, cleaning, tech, packaging, safety, and furniture supplies.
B2B MarketplacesE-commerceLogistics & Supply ChainRetail TechAuckland, NZ
Anne-Marie Sutton(CEO)Dale Bamford(CFO)David Box(GM Sales)Jane Foote(CIO)Kelly Geddes(GM Operations)Sooi Wong(GM Merchandise)
Paramount Liquor is Australia's largest independently-owned liquor wholesaler serving on-premise venues and businesses.
E-commerceRetail Tech
Re.Group designs, builds, owns and operates recycling systems and facilities, providing kerbside recycling, material recovery, organics (FOGO) processing and container deposit schemes for local governments and communities.
Circular EconomyCleantechImpact & Social GoodAustralia, AU
ResourceCo recovers and re-manufactures primary resources, extracting value from materials that would otherwise go to landfill.
Circular EconomyCleantechEnergyNew MaterialsAustralia, AU
Tāmaki Health is a management service organisation operating the Local Doctors and White Cross network of primary healthcare and after-hours medical clinics across Auckland and New Zealand, serving around 230,000 enrolled patients at 45 clinics.
Digital HealthHealthtechWellness & FitnessAuckland, NZ
Ticketek Entertainment Group (TEG) is a live entertainment company operating ticketing, event touring, promotion, venue, digital and data businesses for concerts, sports and experiential events.
E-commerceMarketplacesMedia & EntertainmentSports TechAustralia, AU
Cameron Hoy(Chief Executive Officer - Ticketek Entertainment Group)Belinda Shaw(Chief Financial Officer - Ticketek Entertainment Group)Amanda Luhrmann(Group General Counsel & Company Secretary)Tane Oakes(Chief Technology Officer - Ticketek Entertainment Group)Tim McGregor(Global Head of Touring)Timothy Ho(Managing Director - TEG Asia)
Co-investorsSilver Lake Partners
Exits · 1
IPOs and acquisitions across the tracked portfolioHexagon Holdingsacq. by Multi-Colour (NZ)
Frequently asked questions
- How many investments has Mercury Capital made?
- Mercury Capital has 28 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Mercury Capital invest at?
- Mercury Capital invests at the Growth, Late Stage stages.
- What sectors does Mercury Capital focus on?
- Mercury Capital focuses on Sector Agnostic.
- Where is Mercury Capital located?
- Mercury Capital is headquartered in Sydney, AU.
- Does Mercury Capital lead rounds?
- Yes, Mercury Capital leads investment rounds.
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