Archer Capital is a leading
private equity investment house which has enjoyed a long presence
in the Australian buy-out market. Sydney based Archer invests in leveraged buy-outs,
seeking companies with strong market positions and/or growth potential,
leading to strong, stable cash flows. Previous successful investments by the Archer Capital team include Tasman Building Products and Emeco.
A$7.5 million has been committed to Archer Capital Fund 3. Through ING Private Equity
Access Limited shareholders gain access to:
Emeco International (www.emeco.com):
the largest private equity transaction in Australia in 2004. Emeco
is the market leader in the Australian earthmoving equipment rental
market, with clients including the major mining companies and
contract miners.
iNova Pharmaceuticals (formerly 3M Pharmaceuticals in Asia Pacific
and Africa) (www.inovapharma.com):
manufacturer of branded prescription drug products.
Onesource Group (www.onesource.co.nz):
one of New Zealand’s leading distributors of office technology
equipment operating under a number of subsidiaries - Konica Minolta
Business Solutions (copiers, printers, and document solutions),
Cogent Communications (telecommunications) and Leasing Solutions
(financing services).
This fund has exited:
Paradise Food Industries (www.paradisefood.com.au):
a biscuit and snack food manufacturer based in Queensland was sold in March 2008.
Repco Corporation which is a distributor of automotive parts was sold in June 2007.
A fresh commitment of A$10 million has also been made to Archer
Capital Fund 4 as the team continues its private equity
program which is targeted at mid-sized to large management buy-outs
in Australia and New Zealand. Through ING Private Equity Access
Limited shareholders gain access to:
Amart All Sports (www.amartallsports.com.au):
a sporting goods and leisure wear retailer that has acquired Rowe & Jarman
and Rebel.
iNova Pharmaceuticals (formerly 3M Pharmaceuticals in Asia Pacific
and Africa) (www.inovapharma.com):
manufacturer of branded prescription drug products.
Catalyst has a mid-market buyout and expansion capital focus investing in companies with enterprise values between $50 million and $300 million. Located in Sydney, the group's enviable track record includes successes
with B&D Doors, JUST Group, Pacific Brands and
Taverner.
A commitment of $8 million has been made to Catalyst Buyout Fund No. 1. The investments are:
Aperio Group Pty Ltd (www.aperiogroup.com.au):
a manufacturer of flexible packaging products in Australia and
New Zealand operating in the food, beverage, other consumables
and broad industrial packaging sectors.
Ezibuy Limited (www.ezibuy.com.au):
a clothing and home decor catalogue retailer.
Global Television Ltd (www.globaltv.com.au):
an equipment and services supplier to TV and broadcast companies.
Metropolitan Glass and Glazing Ltd (www.metroglasstech.co.nz):
a New Zealand manufacturer, supplier and distributor of value
added glass products to the construction industry.
Moraitis Group Pty Ltd (www.moraitis.com.au):
a fresh produce wholesaler and distributor to supermarkets, fruit
markets and retail outlets throughout Australia.
CM is a specialist
venture capital manager based in Brisbane. The team invests
in early stage companies in the life sciences, information
technology and telecommunication sectors. Investments are generally funded over a number of years rather than with a single up-front amount. CM's previous funds include investments in Pharmaxis, Cathex (both listed on the Australian Stock Exchange) and Dilithium Networks.
ING Private Equity Access Limited has committed $8 million to CM
Capital Venture Trust 4 (CM4). The investments are:
AdGent 007, Inc (www.agent007.com): an offering which enables on line publishers to more effectively target advertising to their readership.
Ingenero Pty Ltd (www.ingenero.com.au): provider of ‘turnkey’ green energy solutions.
Mesaplexx (previously Microwave & Materials Design) (www.mandmd.com.au):
produces superconductor frequency filters for wireless communications.
Metastatix Inc: a drug company developing small molecule drug therapies.
Osprey Medical Inc (www.ospreymed.com):
is developing cardiovascular catheter systems.
Piedmont Pharmaceuticals (www.piedmontpharma.com):
speciality human and veterinary pharmaceuticals including the development and distribution of pediculicide (for
head lice) through its core product ResultZ.
Sunshine Heart (www.sunshineheart.com):
a listed company (ASX code: SHC) focused on the development of
an innovative cardiac assist device to treat patients in moderate
to severe long term heart failure.
ThreatMETRIX Inc (www.spammatters.com): has developed a software product to address the issue of fraud in online payments.
UiActive Inc was formed by the merger of two complementary companies,
Bullant (www.bullant.com.au)
and Encoz. This is an early stage company which will develop a
service delivery platform for applications and content to mobile
handsets.
Based in Auckland, Direct Capital Partners focuses on mid-market
expansion and management buyout investments in New Zealand and Australia. The founding directors established Direct Capital in 1994 and are now considered to be pioneers of private equity in New Zealand.
NZ$8 million has been committed to Direct Capital Partners III. Through ING Private Equity Access Limited shareholders gain access to:
Express Logistics Group Limited (www.xprs.co.nz):
a New Zealand based logistics provider specialising in dry goods
delivery.
GoBus Limited (www.gobus.co.nz): provider of public transport services in the Waikato region of New Zealand.
Innovair Group Limited (www.innovair.com.au):
a manufacturer and marketer of a range of advanced automatic air
dispensing systems.
International Forwarding Limited (www.gluck.com.au):
a logistics provider.
New Zealand Pharmaceuticals Limited (www.nzp.co.nz):
a manufacturer and exporter of pharmaceutical intermediates and
products.
Paper Coaters Group Limited (www.papercoaters.co.nz):
a specialist in laminated plastic and foil packaging.
Professional Hearing Services (www.professionalhearing.com.au):
an audiology business providing healthcare at the retail level.
The fund has exited:
Max Fashions (www.max.co.nz):
a New Zealand-based women's apparel label was sold during December 2007.
Hastings
Private Equity is part of Melbourne-based Hastings Funds Management and capitalises
on the strong networks and deal-flow of that organisation. The manager is targeting investments in mature companies.
A$8 million has been committed to Hastings Private Equity Fund II. Through ING Private Equity Access Limited shareholders gain
access to:
Bras N Things (www.bnt.com.au): specialist retailer of women's intimate apparel, swimwear and accessories
Endeavour Learning Group: a vocational and higher education
provider.
NQR Grocery Clearance Stores (www.nqr.com.au):
a Melbourne-based grocery clearance business and retailer of end-of-line
and near best-before-date grocery products.
Photolibrary Pty Ltd (www.photolibrary.com):
an online supplier of photographic images.
Reflections Group Pty Ltd (www.reflectionsgroup.com.au):
specialises in retail shopping centre cleaning, security services,
pest control and facilities management.
This fund has exited:
Auscap Closure Systems during January 2007.
G&S Engineering (www.g-s.com.au):
a provider of specialist engineering, maintenance and construction
contracting services, mainly to blue-chip coal mining companies
operating in the Bowen Basin was sold in March 2008.
Shorko Holdings Pty Ltd (www.shorko.com) was exited in January 2008. It manufactures and distributes
BOPP (plastic packaging film).
Ironbridge Capital invests primarily in large management buyout transactions in Australia and New Zealand working out of offices in Sydney and Auckland. Prior to forming Ironbridge, the principals of the business were responsible for the strongly performing portfolios of the Gresham Private Equity Fund which included investments in Repco, Cashcard and The Riviera Group. .
A$5 million has been committed to the Ironbridge Capital 2003/4
Fund. Through ING Private Equity Access Limited shareholders gain
access to:
Barbeques Galore (www.bbqgalore.com.au):
a retailer of barbeques and barbeques accessories.Recreational Tourism (www.acb.co.nz):
operates a chain of backpacker complexes.
Mrs Crocket's Kitchen Pty Limited (www.mrscrockets.com.au):
a chilled foods manufacturer in Australia.
STARDEX (www.dexta.com.au):
a specialist Australian general insurance underwriting agency.
Brisbane-based NBC Capital focuses on small to medium sized management buy-outs and
expansion capital opportunities, mostly drawn from the manager’s
Queensland deal-flow, across a range of industries.
ING Private Equity Access Limited has a total commitment of
A$6 million to NBC Private Equity Fund
II.
Through ING Private Equity Access Limited shareholders gain access to:
Aunger Car Craft Pty Ltd (www.aunger.com.au):
a manufacturer and marketer of vehicle accessories for the after
care market.
Australian Water Systems Pty Ltd is the operating name of the
business which integrated two similar businesses – Clark
Tanks (www.clarktanks.com.au)
and Tanks Direct (www.tanksdirect.com.au).
The companies manufacture and distribute water tanks.
BCP Pre-cast Ltd (www.bcp.com.au):
a specialist manufacturer of precast concrete products.
PEP invests in large management buy-out opportunities
in Australia and New Zealand. The PEP stable of funds started in
1998 andthe investment team is now one of the largest of Australia's private equity firms. Past investments include Frucor, Angus & Robertson, Emeco and The Communications Group.
ING Private Equity Access Limited has committed $8 million to Pacific
Equity Partners Fund III (PEP III).
Godfreys Group Limited (www.godfreys.com.au):
Australia's leading cleaning appliance retailer.
Griffins Food Limited (www.griffins.co.nz):
a New Zealand snack foods business.
Hoyts Group (www.hoyts.ninemsn.com.au): comprises three separate but related businesses: Theatrical Exhibition/Cinemas, Val Morgan Cinema Advertising and Hoyts Film Distribution.
Link/AAS Group (www.linkmarketservices.com.au)
provides
administration and other outsourced services for the superannuation,
retail master trust industry and listed companies.
Tegel Poultry (www.tegel.co.nz
and www.nrm.co.nz):
is involved in breeding, hatching, feeding, processing and marketing
chickens in New Zealand.
Veda Advantage Limited (www.vedaadvantage.com):
a provider of business intelligence services and solutions.
Xtralis (www.xtralis.com):
a company specialising in fire protection and video-based surveillance.
Its products include Aspirated Smoke Detectors globally and security
products to Central Monitoring Stations in the UK.
A commitment of A$10 million has been made to Pacific
Equity Partners Fund IV (PEP IV). Through ING Private Equity Access Limited shareholders gain access to:
Hoyts Group (www.hoyts.ninemsn.com.au): comprises three separate but related businesses: Theatrical Exhibition/Cinemas, Val Morgan Cinema Advertising and Hoyts Film Distribution.
Propel will hold majority and minority
positions in Australian mid market management buy-out and buy-in
deals. Propel was founded in June 2007 by former executives of DB Capital Partners
(the private equity arm of Deutsche Bank) following takeover activity at Deutsche Bank.
ING Private Equity Access Limited has committed A$8 million to Propel Private Equity Fund II. Through ING Private Equity Access Limited shareholders gain access
to:
Quadrant's focus
is on medium sized management buy-outs and expansion capital opportunities
in Australian and New Zealand. The small Sydney team has a long record of success with investments such as Atlas Steels, Australian Airports Limited, Penrice Soda, Tasman Building Products, UndercoverWear and Village Life.
ING Private Equity Access Limited has made a commitment of A$8 million to Quadrant
Private Equity No.1. Through ING Private Equity Access Limited shareholders gain access to:
ATF Hire (www.atfhire.com.au):
provider of rental temporary fencing and height
safety equipment for construction sites and large
public events.
Mark & Wallings: a wholesaler and retailer of tyres, wheels
and associated products.
Ortho Group: Orthopaedic surgical practices.
Sentinel Limited (www.sentinelrs.co.nz
and www.seniorsfinance.com.au):
a New Zealand based provider of home equity release, commonly
known as reverse mortgages for the over 60's. Australian Seniors Finance is the
Australian-based arm of Sentinel.
The Jewellery Group (www.zamels.com.au): a retail jewellery store chain.
Tower Software Engineering P/L (www.towersoft.com/global):
an ACT based software company focusing on electronic records management.
A new commitment of $10 million has been made to Quadrant Private
Equity No. 2. Through ING Private Equity Access Limited shareholders gain access to:
Independent Pub Group: an owner of gaming hotels.
Quick Service Restaurants: fast food chain including Red Rooster and Chicken Treat.
Wolseley Partners was established in 1999 by its three principals
as a Sydney-based firm providing consulting and advisory services
to a range of corporate clients and private equity firms. The Fund will buy controlling
interests in mid-size unlisted manufacturing, distribution and services
companies – a sector of the private equity market that is
currently under-serviced and experiencing strong deal flow.
ING Private Equity Access Limited has made a commitment of A$8 million to Wolseley Partners Fund 1. Through ING Private Equity Access Limited shareholders gain access to:
Cartridge World (www.cartridgeworld.com):
an inkjet and laser cartridge refiller and remanufacturer.
EW Cox Manufacturing (www.ewcox.com.au):
a manufacturer of building maintenance units for high rise buildings.
Freshmax Pty Limited (www.freshmax.co.nz):
a New Zealand fresh produce wholesaler and distributor.
Pacific Services Group (www.pacificservicesgroup.com.au): an electrical and communications contracting
and services business operating in the industrial and commercial
markets.
Wolseley Media: niche magazine publishing business which includes brands such as TV Soap, Australian MAD, Inside Sport, Golf Australia, Bluewater and Australian Muscle Cars.
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