Corporate Advisory - Portfolio

Recent advisory transactions

Delivering innovative solutions and transformational outcomes

 

Across Government Facilities Management Arrangements Reform

Government Advisory, 2020
 

 

  • Investec advised the Department of Planning, Transport and Infrastructure of the South Australia Government on commercial terms and market engagement for its Across Government Facilities Management Arrangements Reform
program

GreenCollar

Private M&A, 2020

  • Investec acted as the exclusive financial advisor to KKR on their acquisition of a stake in GreenCollar, the leading environmental markets project developer across the carbon, water quality, bio-diversity and plastics markets in Australia
  • The investment represents the first impact investment in Australia from KKR’s newly raised US$1.3 billion KKR Global Impact Fund

Openpay

IPO, 2019
Placement, 2020

  • Investec acted as the independent financial advisor to Openpay, a rapidly growing provider of buy now, pay later products, on its IPO on the ASX in December 2019 and subsequent capital raising via placement in June 2020
  • As independent advisor, Investec assisted Openpay to secure $50m via its IPO (implying a market capitalisation of $150m), as well as an additional $34m via further placement from institutional investors, implying a market capitalisation of over $250m at the placement price

Sundrop Farms

Divestiture, 2019

  • Investec was the exclusive financial advisor to KKR on its sale of Sundrop Farms to H.R.L Morrison & Co
  • Sundrop Farms operates a world first horticultural operation integrating solar, desalination, seawater cooling and controlled greenhouse growing at commercial scale

Comdain Infrastructure

Divestiture, A$170m, 2019

  • Investec advised the shareholders of privately owned Comdain Infrastructure (provider of critical utility and infrastructure services) on its sale to Service Stream Limited
  • The acquisition resulted from a targeted and competitive sale process conducted by Investec involving a number of local and international strategic players, as well as key domestic private equity funds

Xenith IP

Public M&A, $207m, 2019

  • Investec advised Xenith IP’s Board with its acquisition by IPH, which follows a contested process whereby Xenith IP had initially proposed to merge with QANTM prior to receiving a competing offer from IPH
  • Following substantial negotiations, the agreed offer from IPH represents a 73% premium for Xenith shareholders relative to the last close prior to the announcement of the initial proposed merger with QANTM
  • Investec has been Xenith IP’s advisor since advising on its IPO in November 2015

Havilah Resources

Capital Raising, 2019

  • Investec is advising Havilah Resources (ASX-listed mineral exploration company based in South Australia) on securing a strategic investment of up to $100m from GFG Alliance to fund Havilah’s work programs for its iron ore and copper assets
  • Transformational funding and strategic partnership with GFG Alliance will provide Havilah a pathway to commercialisation and position Havilah as a fully funded minerals explorer and developer

Property Exchange Australia

Private M&A, $1.6bn, 2018

  • Investec advised Morgan Stanley Infrastructure Partners (MSIP) on their acquisition of a stake in Property Exchange Australia (PEXA), as part of the Link Group and CBA consortium, which acquired 100 percent of PEXA
  • Investec leveraged its sector expertise in assisting MSIP understand the e-conveyancing market in Australia and its interactions within the broader eco-system of land registry / data

Northern Territory Land Titles Office

Strategic Review, 2019
 

  • Investec advised the Northern Territory Government on a scoping study on potential commercialisation options for its land title office

SRG Limited

Acquisition, NZ$35m, 2018

  • Investec advised SRG Limited (ASX listed and specialist engineering and construction services company) on a comprehensive acquisition search and subsequent acquisition of TBS Group
  • Investec was able to leverage its sector knowledge and transaction experience to identify and help unlock TBS Group, a New Zealand based industrial services contractor and non-core asset owned by Bapcor Limited

Pacific Equity Partners

Leveraged Buyout, A$211m, 2018

  • Investec advised Pacific Equity Partners on its acquisition of Life Healthcare (ASX listed independent medical device distributors), leveraging its public market execution expertise to maximise transaction certainty
  • Investec also provided financing as co-underwriter and mandated lead manager as well as a hedging facility

Landgate Partial Commercialisation

Strategic Review, 2018
Government Advisory, $1.41bn, 2018-19

 

  • Investec advised the Western Australian Government on the partial commercialisation of Landgate, Western Australia’s land registry
  • Investec structured a bespoke model involving the partial commercialisation of Landgate’s automated land titling functions and search products

Western Australian TAB

Strategic Review, 2017
Government Advisory, 2017-19

  • Investec advised the Western Australian Government on a scoping study on the potential sale of Western Australian TAB
  • Investec advised the State on structuring the sale, the racing industry funding model and the optimal market process to meet both the State’s and racing industry’s objectives

South Australia Motor Vehicle Registry

Strategic Review, 2017
Government Advisory, 2018-2019

 

  • Investec advised the South Australia Government on a scoping study on commercialisation options for its Motor Vehicle Registry (MVR) and subsequent market engagement with Land Services South Australia
  • Investec pioneered MVR as a potential new registry asset class and was the first MVR scoping study undertaken by a government in Australia

Seymour Whyte

Strategic Review, 2017
Public M&A, A$115m, 2017
 

  • Investec advised Seymour Whyte (an Australian engineering and construction company) on a strategic review and subsequent acquisition by VINCI Construction (a global construction company)
  • Investec leveraged its global network and relationships within the sector to maximise value for Seymour Whyte’s shareholders

Steinhoff Asia Pacific

Public M&A, A$361m, 2017
 

  • Investec advised Steinhoff Asia Pacific (a global furniture and household goods retailer) on its acquisition of Fantastic Holdings (an Australian furniture retailer)
  • Investec used innovative tactics to maximise transaction certainty for Steinhoff (including voting intention statements, call options)

The Cheesecake Shop

Divestiture, 2017
 

  • Investec advised the founders on the sale of The Cheesecake Shop (an Australian cake and bakery business)
  • Investec undertook a global search for potential buyers leading to a successful sale to PAG Capital (an Asian based private equity firm)

Brownes Dairy

Cross Border Acquisition, 2017
 

  • Investec was the exclusive financial advisor to Australia Zhiran, a consortium of Chinese investors including Shanghai Ground Food Tech Co., Ltd, on its acquisition of Brownes Dairy from Archer Capita
  • The transaction represented the largest acquisition of an Australian food business by a Chinese acquirer in 2017

Ardent Leisure

Shareholder Activism, A$1.0bn, 2017

 

  • Investec advised Ariadne (a diversified investment company) on its public market activist campaign in relation to Ardent Leisure (a leading operator of theme parks and leisure assets)
  • Largest successful activist campaign in Australia in over a decade

South Australia Land Services

Strategic Review, 2016
Government Advisory, A$1.605bn, 2017
 

  • Investec advised the South Australian Government on the commercialisation of the State’s land registry and valuation services
  • Investec structured a unique commercialisation model that delivered the State upfront proceeds of $1.605bn at a record multiple of 35x EBITDA

Xenith IP Group

Strategic Review, 2015
IPO, A$90m, 2015
Private M&A, A$172m, 2016-17

 

  • Investec advised on the initial public offering of Xenith IP Group and subsequent acquisitions of Watermark ($20m) and Griffith Hack ($152m)
  • Transformational combination to create Australia’s leading intellectual property firm

Amaysim

Strategic Review, 2015
IPO, A$317m, 2015
Private M&A, A$194m, 2016-17
 

  • Investec advised the founders and company on the initial public offering of Amaysim (a leading online-led mobile services provider in Australia)
  • Investec also helped execute Amaysim’s expansion strategy into low cost mobile services (Vaya, $70m), broadband (AusBBS, $4m) and energy (Click Energy, $120m)