Posts Tagged ‘COF’

Coffey International Acquires Global Justice Systems and Libra Advisory Group

Thursday, March 4th, 2010

Global professional services consultancy Coffey International Limited (COF) today announced it has acquired 100 % of Global Justice Systems (GJS), based in Australia and the United Kingdom (UK), and Libra Advisory Group Limited, a UK-based consultancy. Coffey paid $4.9 million for 100 % share capital in GJS and paid £0.25 million ($0.42 million) cash and £1.75 million ($3 million) in shares for Libra Advisory Group. Both have been funded from existing cash reserves and have earn-outs based on performance over the next two years. GJS has annual revenue of approximately $9 million and Libra has annual revenue of approximately £2 million ($3.3 million). Both businesses will join Coffey International Development’s global team of approximately 1,500 development professionals.

Coffey International Limited managing director Roger Olds said: “The addition of these two businesses   to Coffey International Development represents a strategic opportunity to address significant changes occurring in the international development services market.” A significant part of Coffey International Development’s current business is in fragile states and post- conflict environments, providing stabilisation and recovery services such as post-conflict and post-disaster governance and reconstruction ; conflict analysis mitigation and peace-building ; security sector reform ; justice reform etc. “The UK Government has been the world leader in bringing together development, defence, and diplomacy (the 3Ds), and Libra has led the UK market in providing specialist consulting services for the 3Ds. GJS has been a key supplier in Justice Sector Reform and Rule of Law across many nations.

Both companies have been key sub-contractors to Coffey and prime contractors in their own right, and have developed specialist reputations based on the extensive experience of their teams. Bringing these together creates a market leading capability globally which will further enhance the Coffey capability to deliver major projects. “These projects are being created and delivered by our traditional aid clients, but there is also a new segment of government clients that are charged with stabilising communities using these new skill sets as opposed to conflict. Coffey is very keen to be playing a growing role in this new approach to global stabilisation,” Roger said.

www.coffey.com

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Coffey International Ex Dividend On 5/3/2010

Monday, February 22nd, 2010

Coffey International (COF) will go ex dividend on 5/3/2010. The current dividend payment is 7.5 cents and it is 100% franked. The record date is 12/3/2010 and the dividend will be paid on 26/3/2010. Based on the full year payment the dividend yield is 6.1%.

*Current Yield: 3.8% Franking: 100% DRP Discount: 0%

www.coffey.com

*Yield has been calculated on the closing price on the 18/2/2010. Current yield is based on the current dividend payment only.

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Coffey Secures Another $40 million In Iraq

Wednesday, October 7th, 2009

Global professional services consultancy Coffey International Limited (COF) today announced that the U.S. Agency for International Development has awarded Coffey a US$40 million funding increase within the contract for the Tatweer Project in Iraq. Coffey is managing the Tatweer Project, part of the United States Government’s program to rebuild a strong Iraqi civil service. This increases total funding for the project to its ceiling of US$340 million. The Tatweer Project aims to rebuild administrative capacity of key ministries within the Iraqi Government, and to deliver services to the Iraqi people. The additional US$40 million contract will allow the project to be extended to all eighteen Iraqi provinces, ensuring that project successes obtained in Baghdad can continue at every level of the Iraqi state. Project advisors will expand their work with ministers, mid and senior level staff to develop project management, human resources, information technology and financial management skills.

Managing Director Roger Olds said: “I am delighted Coffey continues to play a vital role in improving the lives of Iraqis, a role we have been undertaking for 30 years. Our success with Tatweer also helps to create opportunities for Australian and international firms seeking to participate in the reconstruction of Iraq and grows the reputation Coffey has as a global provider of specialist knowledge solutions, particularly in difficult environments.”

Coffey is a leading global professional services consultancy focusing on both physical and social infrastructure. It uses specialist knowledge to deliver extraordinary outcomes for its clients across the full lifecycle of a project, from concept to completion. It works involves a wide range of built assets – like roads, buildings, gas pipelines, mines, and sporting facilities – just about everything that is required to meet the demands of a growing world population, rapid urbanisation and heightened environmental sustainability awareness.

www.coffey.com

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Coffey International Ex Dividend On 12/10/2009

Tuesday, September 22nd, 2009

Coffey International (COF) will go ex dividend on 12/10/2009. The current dividend payment is 4.5 cents and it is 100% franked. The record date is 16/10/2009 and the dividend will be paid on 30/10/2009. Based on the full year payment the dividend yield is 5.8%.

*Current Yield: 2.0% Franking: 100% DRP Discount: 0%

www.coffey.com

*Yield has been calculated on the closing price on the 18/9/2009. Current yield is based on the current dividend payment only.

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Coffey International Secures $100 million AusAID Contract

Monday, September 14th, 2009

Global  professional  services  consultancy  Coffey  International  Limited  (COF)  today  announced that  subsidiary Coffey International Development has been awarded a  A$100  million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF). The project is part of an Australian Government intervention in road rehabilitation and maintenance  in the southern Philippines.  PRMF is  aimed at  increasing  economic  activity and improving public access to  infrastructure  and  services  in  the  region.  It  will  contribute  towards  this  goal  by  rehabilitating  and maintaining  a  core  road  network   in  s elected  provinces  and  by  strengthening  the  capacity  and governance systems of the Government of the Philippines.

To ensure  the  successful  implementation  of complex  projects such as the PRMF, Coffey International Development  can  tap  into  its  broad  range  of  engineering,  technology  and  project  management services .  These  are  supported  by  Coffey  International  Development’s  best  practice  approaches  to governance, institutional capacity building, environmental management  and  sustainable development. Coffey International  Development’s knowledge of Geographical  Information Systems (GIS) to capture road  information  and  the  location  of  community  services  will  also  help  targeted  provinces  improve service delivery and efficiently manage road sector plans.

Managing director Roger Olds said that he was very  pleased to see Coffey International Development going from strength to strength. “This contract is one of  several major project wins by Coffey International Development in the past six months  throughout  the  world  reflec ting  the  outstanding  strategic  work  that  has  been  done  in  this business. Coffey International Development is well plac ed to continue delivering good profit  growth as well as strengthening its position as a global player in this market. “In addition to winning new tenders, a number of contracts have been extended in the past 12 months, proving  Coffey  International  Development’s  reliable  performance  in  delivering  high  quality  services and  commitment to  the  Coffey group’s v ision of being ‘global spec ialists  solving emerging  challenges to improve the lives of communities’.”

Parent company Coffey International Limited is a global professional services consultancy providing specialist expertise in the delivery in social and physical infrastructure. Coffey International Limited (COF) has been operating for 50 years. It has a range of specialist businesses working in the social and physical infrastructure markets, and collectively, it aims to achieve our vision: to be global specialists solving emerging challenges to improve the lives of communities.

www.coffey.com

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Coffey Wins Law Reform Contract in Mexico

Monday, July 6th, 2009

A Coffey International Limited company, MSI, based in the United States, has been awarded a five- year, USD $66.3 million rule of law project funded by USAID/Mexico. Rule of Law III (ROL III): Support for Legal Reforms is the third USAID-funded initiative of its kind, in support of the Merida Initiative, which aims to prevent and eradicate organized crime. The project will work with state and federal justice institutions to strengthen their capacity to improve transparency, public oversight and public accountability to better serve Mexican citizens under the new constitutional reforms that shape the police and criminal procedure codes. MSI will support Mexican-led efforts to improve the justice system, professionalise law enforcement and reduce human trafficking and human rights abuses. MSI will also support efforts to increase public oversight through policy reforms, specialised training, technical assistance, public outreach, and exposure to successful strategies and programs. Ultimately, these efforts will help bring Mex ico in line with the global standards set forth in the U.N. and Inter-Americ an Conventions in support of justice reforms and against corruption.

Coffey International Limited (COF) has been operating for 50 years, with a range of specialist services working in the social and physical infrastructure markets Its aim to achieve our vision : to be global specialists solving emerging challenges to improve the lives of communities . Around the world, it provides services at every stage of the infrastructure lifecycle – starting with planning and financing the project , through development and resolving the technical challenges to the management of resources, timelines and budgets. The cycle continues as we use our specialist knowledge to ensure objectives continue to be met in the long term and infrastructure is appropriately maintained. Its work involves a wide range of built in assets like roads, buildings, gas pipelines, mines and sporting facilities.

www.coffey.com

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Coffey Takeover of European Business

Wednesday, April 15th, 2009

Global engineering and project management consultancy Coffey International Limited (”COF) today announced that it has acquired The Evaluation Partnership (TEP) for £1.1 million.  This purchase will be funded from its existing acquisition debt facility. The deal will be subject to an earn out over the next 2 years of operation. The 13-person business is based in Richmond, United Kingdom, and will merge with Coffey subsidiary Coffey International Development.

TEP provides specialist policy monitoring and evaluation services to the European Commission and has worked with most of the Directorates-General over the past five years. The business carries out evaluations throughout the policy making cycle, from initial setting of agendas, to decision-making and the review of outcomes across the whole policy spectrum from trade to agriculture to health to education. Coffey International Development is a leading global international development consultancy, which implements and manages projects designed to strengthen social infrastructure, such as economic growth, law and governance, stabilization and disaster recovery, capacity building, education, health and training.

Coffey managing director Roger Olds said: “This is a strategic acquisition which provides access to the European Commission as a new client for Coffey International Development. The services that TEP provide are an important part of our expanding business in Performance Monitoring and Improvement.  “Established in 1990, TEP has built an excellent reputation as a valued advisor to the European Commission and has a strong cultural fit with Coffey. The knowledge, experience and relationships TEP brings will be highly complementary to those already established by Coffey International Development”.

www.coffey.com

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