 PEP has approximately AUD 3.9 billion of capital under management, making it the largest PE firm in Australia and among the 50 largest private equity firms globally.PEP has made more than 30 operating company investments as well as 100 bolt-on acquisitions since its founding.Among the firm's historical investments are Hoyts (sold to Wanda Cinemas in 2015), REDgroup Retail (Angus & Robertson, Whitcoulls, Borders Pacific Region, defunct in 2011), Independent Liquor (sold to Asahi Breweries in 2011), Godfreys, Griffin's Foods (acquired from Danone in 2006 and sold to Universal Robina in 2014), Frucor (sold to Suntory in 2008), Peters Ice Cream (sold to R&R Ice Cream in 2014) and Tegel Foods (acquired in 2005 from Heinz and sold to Affinity Equity Partners in 2011).