Posts Tagged ‘Investment’

ASX Company News: Mariner Goes Shopping

Friday, February 3rd, 2012

Mariner (MCX) has explored a number of investment opportunities over the last 3 months, and is now pleased to announce to the market a number of acquisitions: 1,078,167 shares in Capilano Honey Limited, representing 12.65% of the issued equity of that company; 6,630,958 shares in Farm Pride Foods Limited (ACN 080 590 030), representing 12.02% of the issued equity of that company; 1,700,000 shares in Tasmanian Pure Foods Limited (ACN 124 272 108), representing 19.65% of the issued equity of that company; 1,441,039 shares in Peanut Company of Australia Limited (ACN 057 251 091), representing 19.83% of the issued equity of that company.

These four investment stakes will be acquired from a listed Australian investment company for a total consideration of $3,160,000. The acquisitions are in line with Mariner’s strategy, outlined by Mariner’s new management team in early 2011, to acquire strategic stakes in the small cap sector.

www.marinercorporation.com.au

http://www.traderdealer.com.au/Fundamentals/mcx

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ASX Company News: China Century Capital Acquires Jinji Resources

Wednesday, July 27th, 2011

China Century Capital Limited (CCY)  announced an in principal agreement to acquire 100% of Jinji Resources Pty Limited. Jinji Resources Pty Limited is an unlisted company based in Sydney, which focuses on investments in the Australian resources sector as well as financial sectors in Australia and Asia. The agreed purchase price for all the shares in Jinji is A$11 million and will be fully paid by the issue of shares in CCY to the shareholders of Jinji. Jinji’s current net cash and listed investments are approximately A$7.5 million.

Jinji’s investment portfolio includes significant stakes in both Kimberley Metals Limited (KBL) and Kidman Resources Limited (KDR). These 2 companies have performed great in the past 12 months, and we are expecting a further growth as they start production. Jinji also has significant investments in Litigation Lending in Australia, and we are expecting further cash returns from several cases, which are due to be settled in the next 6-12 months. A Micro finance business in Cambodia is also growing fast, and there are also good potential returns for that investment. The Directors of CCY believe that the combined balance sheet will be much stronger and hugely beneficial for the shareholders. This includes all assets in Jinji and CCY. Following the issue of the new shares for the acquisition, the Company will have 433,068,382 million shares on issue. The shares will be issued at approximately $0.055 per share.

www.chinacenturycapital.com.au

http://www.traderdealer.com.au/fundamentals/ccy

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ASX Company News: HFA Holdings Secures Additional $500 million FUM

Tuesday, June 21st, 2011

HFA Holdings Limited (HFA) is pleased to announce that its wholly-owned US subsidiary, Lighthouse Investment Partners LLC (LHP), has been awarded a significant Asset Management and Advice Mandate from a large US-based pension plan. Initially, the mandate is expected to be approximately USD$500 million which will transition into the proprietary LHP managed accounts program and its related funds. This mandate will materially add to the existing USD$5.3 billion in Assets Under Management under the HFA Holdings Group. With a maturing of the global hedge fund industry and the increasing allocations from institutional investors into hedge funds, LHP has expanded its product offerings to include more tailored solutions for larger clients interested in more customized offerings. LHP is a leading global fund of hedge fund manager offering a diverse range of alternative investment products. In 2010, LHP completed the build-out of its proprietary managed accounts program making it one of the largest managers in the fund of hedge fund industry, covering a number of different hedge fund investment strategies via approximately 90 managed accounts.

Apollo is one of the world’s largest alternative asset managers with USD$70 billion of Assets Under Management as of March 31, 2011. Apollo’s clients include some of the world’s most prominent pension funds, as well as other institutional and individual investors. As a result of the mandate, HFA will in the future disclose its “Assets Under Management and Advice”, replacing the existing measure of “Assets Under Management”.

www.hfaholdings.com.au

http://www.traderdealer.com.au/fundamentals/hfa

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Exciting Investment Opportunity

Thursday, June 16th, 2011

Exciting Investment Opportunity: Niuminco Limited

Our parent company MDS Financial is inviting Trader Dealer blog readers to take part in an exciting investment opportunity.

Investors in Niuminco Ltd will have access to extensive gold and copper mining interests in Papua New Guinea, where proven gold deposits and a strengthening economic environment have underpinned a booming resources sector.

For more information and to download a prospectus visit www.mdsfinancial.com.au/niuminco

Applications close on July 13th, so get in quick to secure your investment!

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ASX Company News: Bunnings Warehouse Property Trust Buys 13 New Properties

Friday, February 18th, 2011

The Directors of Bunnings Property Management Limited, the Responsible Entity of Bunnings Warehouse Property Trust (BWP or the Trust), announces that the Trust has agreed to acquire from a wholly owned subsidiary of Bunnings Group Limited, a portfolio of 10 operational Bunnings Warehouses and three properties on which BGL will develop Bunnings Warehouses (Portfolio Acquisition). The acquisition price of $241.7 million represents the total amount payable to BGL assuming the completion of the Bunnings Warehouses to be developed by BGL.

Mr Grant Gernhoefer, General Manager of Bunnings Property Management Limited, said: “The  Portfolio Acquisition adds substantially to the Trust’s existing portfolio and is expected to provide unitholders with a secure, growing income stream and long-term capital growth, consistent with the Trust’s objectives. The fully underwritten Entitlement Offer to part fund the Portfolio Acquisition will ensure BWP maintains its conservatively geared balance sheet to provide financial flexibility for funding further acquisition opportunities.”

www.bwptrust.com.au

http://www.traderdealer.com.au/Fundamentals/bwp

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ASX Company News: ANZ Invests $126 million in Bank of Tianjin

Monday, November 15th, 2010

ANZ announced a further investment of RMB832 million (A$126 million) in Bank of Tianjin (BoT) as part of a capital raising to support BoT’s strategic growth agenda.

BoT is seeking to raise a total of RMB4.2 billion (A$629 million) in the capital raising and is inviting a number of existing shareholders and new investors to participate. Shares will be issued at RMB5.20 per share which represents a reported price to 31 December 2009 book of 1.9 times and values BoT at RMB15.6 billion (A$2.3 billion).

The additional investment means ANZ will maintain its current 20% stake in BoT. It follows the announcement last month that ANZ would invest a further RMB1.65 billion (A$250 million) as part of a capital raising by Shanghai Rural Commercial Bank (SRCB). ANZ CEO Asia Pacific, Europe and America Alex Thursby, said: “ANZ’s additional investment in the growth of BoT and SRCB demonstrates the depth of our commitment to China and our strategic partnerships.

“Our partnership with BoT provides access to the mass retail and small-to-medium sized business banking markets in the Bohai Economic Region, which is the economic powerhouse of North China and a priority investment area for the Chinese government. “As we deepen the cooperation between the two banks with this investment, ANZ will continue to support BoT in developing a Trade and Markets business and our banks will establish a new business referrals framework to ensure customers have access to our combined capabilities, expertise and market insight.”

Tianjin is the major port of the Bohai Economic Region and has strong trade and investment links to Korea and Japan as well as ASEAN countries, which are growth markets for ANZ. Integrating the economic development of the Bohai Economic Region cities of Beijing, Tianjin and Shijiazhuang is a priority for the Chinese government.

ANZ established its strategic partnership with BoT in 2006 with an investment of A$159 million. ANZ is the bank’s second largest shareholder after the Tianjin Government. BoT has around 4,000 employees, nearly 8 million customer accounts and provides retail, small-to-medium enterprise and corporate banking services through a network of 196 branches and sub-branches and 153 ATMs. The BoT capital raising is subject to approval from its shareholders and regulator approvals.

www.anz.com

http://www.traderdealer.com.au/Fundamentals/anz

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Unique IPO Opportunity!

Wednesday, August 11th, 2010

MDS Financial Services acts as Lead Manager for Allmine IPO

Our parent company MDS Financial Services Pty Ltd specialises in IPOs and capital raisings for ASX listed and emerging companies and is pleased to act as lead manager for the Allmine IPO.

Unique IPO Opportunity

Allmine Group is a mobile mining plant services company with a unique ‘one stop shop’ service proposition that provides plant owners with a 100% plant maintenance solution.

Having increased revenues from $2.7 million to over $27 million within a 3 year timeframe, Allmine is now embarking on a $10 million IPO to further support this growth through organic expansion and bolt on acquisitions.

The Allmine Group has built a strategic service footprint of workshops and mobile service units across Western Australia and the Northern Territory with particular focus on the Pilbara iron ore, and uranium sectors.

Interested? Read more about the Allmine IPO and download a prospectus at www.mdsfinancial.com.au/allmine

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Seven Network Merges With Caterpillar Dealer

Tuesday, February 23rd, 2010

Seven Network Limited (SEV) and Australian Capital Equity Pty Ltd today announce the proposed creation of a leading Australian diversified operating and investment group through a scrip for scrip merger of Seven and WesTrac Holdings Pty Ltd . WesTrac Group is a wholly-owned subsidiary of ACE.  The combined group will be called Seven Group Holdings Limited and listed on the ASX.

Seven Group Holdings will comprise wholly-owned operating businesses and key strategic investments including 100% of WesTrac Group, the sole authorised Caterpillar dealer in Western Australia, New South Wales / Australian Capital Territory and the North East region of China; 47% of Seven Media Group, a joint venture with Kohlberg Kravis Roberts comprising Australia’s leading television network, Seven Network, Pacific Magazines, one of Australia’s two largest magazine publishing companies, and Yahoo!7; 23% of West Australian Newspaper Holdings, the leading media group in Western  Australia; 22% of Consolidated Media Holdings, which owns 25% of Foxtel and 50% of Premier Media Group; 66% of National Hire Limited, which in turn owns 46% of Coates Hire, the largest equipment hire business in Australia; and Cash and other existing Seven investments.

Plans to create Seven Group Holdings were announced today by Mr Kerry Stokes, the Executive Chairman of ACE and Seven, and Mr Peter Ritchie, the Deputy Chairman and Independent Director of Seven. Mr Stokes said: “Seven and WesTrac Group are two great companies. Both are performing strongly and both have terrific opportunities for growth. We have had a long and proud association with both companies, which are both leaders in their respective areas, with what I consider the best management teams in the country. “Since the deal to create SMG, Seven has evolved into an investment holding company with strong media platforms and the financial capacity to expand into new sectors. We are excited about the potential opportunity this transaction has to transform Seven, and about the growth opportunity for all Seven shareholders.”

The parties have agreed an enterprise value of WesTrac Group of $2.0 billion, comprising an equity value of $1.0 billion and assumed net debt of $1.0 billion. As part of the agreed enterprise value, WesTrac’s investment in National Hire will be acquired at a value of $246 million. As ACE has been unable to provide Seven access to due diligence, ACE has underwritten this valuation as at 30 June 2011. Based on WesTrac Group forecast FY2011 EBITDA of $231 million and EBIT of $192 million, and excluding the underwritten value of National Hire ($246m), the terms imply a blended multiple for WesTrac Group of 7.83 x FY11E EBITDA and 9.43 x FY11E EBIT.

WesTrac Group has an ownership interest in three key businesses, a 100% interest in each of WesTrac Australia and WesTrac China and a 66% interest in National Hire Group Limited. WesTrac Group was established by ACE in 1990 with the WA territory, and expanded subsequently into North East China in 2001, and NSW/ACT in 2004, at the invitation of Caterpillar. WesTrac Australia operates the sole authorised Caterpillar dealer in WA, NSW and the ACT, providing equipment sales, service, and support, and is the market leader in each of these territories. WesTrac Australia services the mining, infrastructure, and non-residential construction markets in each of these regions. WesTrac is focused on equipment management through full equipment lifecycle and is not reliant solely on machine sales. WesTrac Australia is expected to achieve forecast sales and EBITDA of approximately $1.9 billion and $197 million respectively in FY2011.

www.sevengroup.com.au.

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Charter Hall Group Acquires Macquarie Real Estate Assets

Saturday, February 13th, 2010

Charter Hall Group (CHC) is pleased to announce that it has agreed to acquire the majority of Macquarie Group Limited’s core real estate management platform. This transaction involves Charter Hall acquiring the management business associated with two listed and three unlisted real estate funds for $108 million and the majority of Macquarie’s holding in three of these funds for $189 million. The acquisition positions Charter Hall as one of the largest specialist real estate fund managers in Australia, with assets under management in excess of $10 billion across listed, wholesale and unlisted retail equity sources. The Platform complements Charter Hall’s existing operations, enhancing the current vertically integrated business, resourced by an additional 155 property executives increasing total Charter Hall staff to 220 personnel. Charter Hall will be investing in and providing management services across the full spectrum of real estate investment and development activities.

Commenting on the Acquisition, Charter Hall’s Chairman, Kerry Roxburgh, said “We are very excited about the Acquisition and believe that the Platform represents a strong strategic fit with our existing business. This Acquisition is expected to be earnings accretive in FY11 and provides an excellent basis to grow and develop Charter Hall.” David Southon, Joint Managing Director of Charter Hall said “The Acquisition of a vertically integrated platform complements the existing business, providing substantial scale and significant growth potential. The combination of Charter Hall’s capabilities and the continuity of Macquarie’s management team will provide an enhanced offering to investors.” David Harrison, Joint Managing Director of Charter Hall added “The Acquisition of this well- resourced Platform enables Charter Hall to diversify its equity sources further without losing focus on our unlisted wholesale and retail business. The outlook for real estate has improved substantially and we believe the Acquisition of the Platform at an attractive point in the real estate cycle will deliver long term value for security holders, provide one of the largest specialist property teams in Australia across the risk/return spectrum and exploit the growth opportunities available in a recovering property market.”

As partial consideration for the management business, Macquarie will receive an $85 million placement at $0.70 per security, representing a 10% strategic interest in Charter Hall. In addition, the Gandel Group, an existing strategic investor in Charter Hall, has committed to be issued with up to $68 million under the Offer and will at a minimum maintain their 12.2% interest in Charter Hall. Charter Hall has agreed to purchase the majority of Macquarie’s core real estate management platform which comprises of the management of two listed and three unlisted real estate funds — Co-investment holdings in Macquarie Office Trust, Macquarie CountryWide Trust and Macquarie Direct Property Fund Real estate management business. Charter Hall is acquiring a well-resourced platform with employment offers being made to over 95% of Macquarie real estate executives involved in the management business.  The purchase price of $108 million for the funds management business represents an FY11 EBIT multiple of 7.7x and 1.5% of assets under management. In addition, a further $15 million may be payable subject to an earn-out. The Acquisition will provide immediate scale which will complement organic growth of Charter Hall’s funds management business. Benefits include positioning Charter Hall as one of Australia’s largest specialist real estate fund managers, with assets under management increasing to over $10 billion. It will diversify Charter Hall’s equity sources – along with providing access to listed equity and significantly increases exposure to core funds, etc.

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth and Auckland.  It combines Charter Hall Limited with Charter Hall Property Trust, which will now own and/or manage over $10 billion in real estate assets.

www.charterhall.com.au

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Macquarie Group Acquires Tristone Capital

Monday, June 1st, 2009

Macquarie Group (MQG) today announced it has entered into an agreement to acquire Tristone Capital Global Inc. . The acquisition will substantially enhance Macquarie’s energy offering by integrating Tristone’s energy advisory and capital markets capabilities within Macquarie’s global resources activities. This acquisition will create an integrated energy platform, offering advisory, capital markets, research and trading expertise. Tristone is an independent energy advisory firm providing fully integrated corporate finance, acquisitions & divestitures (“A&D”), equity capital markets (“ECM”), and sales, trading and research services. Tristone focuses exclusively on the global energy sector, providing technical and financial services to exploration and production companies, oilfield service and midstream companies, government entities, royalty trusts, limited partnerships and institutional investors worldwide.

John Prendiville, Global Head of Resources for Macquarie Capital said: “Tristone is a highly regarded global independent energy advisory firm and we are delighted to have them join us. The acquisition of Tristone creates a fully integrated global energy group that can offer a full suite of products to our clients in whatever region they exist. The combined business gives us an increased presence in vital energy-sector hubs around the world, particularly in Calgary, Houston, Denver and London, and a new Macquarie presence in Buenos Aires.” Mr Prendiville said. Paul Donnelly, President and CEO of Macquarie Capital Markets Canada, said “Macquarie’s investment in Tristone’s team of highly respected professionals is consistent with our approach of providing clients with extensive industry expertise and international reach in key global industries. It continues the expansion of our advisory and capital markets activities and other related industries including leading pipeline and utility companies who are an important part of our infrastructure business.”

Following a transition period, Tristone will be fully integrated into Macquarie, with its acquisitions and divestitures division to be branded “Macquarie Tristone” The consideration for the acquisition is expected to be approximately C$116 million, comprising two separate components. C$57 million will be paid to the vendors in cash upon financial close as adjusted to reflect the consolidated net tangible assets of Tristone at that time and C$59 million will be payable in exchangeable shares. A subsidiary of Macquarie will issue the Exchangeable Shares to the vendors. These Exchangeable Shares will be held in escrow and released over a 5 year period and the final number is subject to adjustment based on the performanceof the Tristone business over a two year period. Upon release they will be exchangeable on a one-for-one basis for ordinary Macquarie shares subject to certain conditions. The number of Exchangeable Shares issued at Close may be adjusted up or down, depending on the level of advisory revenues earned over a two year period from Close and certain other conditions. In addition, approximately C$15 million of retention securities in the form of Exchangeable Shares and options to purchase Exchangeable Shares will form a retention pool and will be allocated to certain Tristone employees joining Macquarie. This retention pool will be released in equal portions on the 3rd, 4th and 5th anniversaries of Close and subject to continuing employment with Macquarie. No more than 4 million MQG Shares will be issued for Exchangeable Shares; any consideration exceeding that amount will be settled in cash in accordance with the terms of the Exchangeable Shares. Macquarie shareholder approval for the issue of up to the 4 million MQG Shares will not be sought.

Macquarie has had a permanent and growing presence in Canada since opening its first office in 1998. Macquarie employs more than 420 people in Canada with offices in Toronto, Vancouver, Calgary and Montreal. Macquarie’s activities in Canada include advisory and capital markets, specialized asset management, lending, financial markets and institutional broking.

www.macquarie.com/ca

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