M&A Deal Summary

SOULS PRIVATE EQUITY LIMITED Acquires Imdex

On January 1, 2005, private equity firm SOULS PRIVATE EQUITY LIMITED acquired energy services and equipment company Imdex

Acquisition Highlights
  • This is SOULS PRIVATE EQUITY LIMITED’s 2nd transaction in the Energy Services and Equipment sector.
  • This is SOULS PRIVATE EQUITY LIMITED’s 7th transaction in Australia.
Investment Fate
  • Imdex was sold to a strategic buyer in 2007 for 10M AUD.

M&A Deal Summary
Date 2005-01-01
Target Imdex
Sector Energy Services and Equipment
Buyer(s) SOULS PRIVATE EQUITY LIMITED
Deal Type Buyout (LBO, MBO, MBI)

Target

Imdex

Osborne Park, Australia
website
Imdex is a global drilling products and services company listed on the Australian Stock Exchange. Imdex services the mining, oil and gas, water well and civil industries. SPEL invested in Imdex through an equity capital raising designed to fund Imdex’s acquisition of the Samchem, Reflex and Chardec businesses.

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Buyer(S) 1

Buyer

SOULS PRIVATE EQUITY LIMITED

Sydney, Australia

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Souls Private Equity Limited is a listed investment firm focused on public and private company investments in Australia and New Zealand. Souls prefers growth companies with minimum revenue of AU$10 million and at least AU$3 million in EBITDA. Target sectors include industrial products, plastics, consumer products, financial services, software, healthcare, and insurance. Souls' investment horizon is three to seven years. The Firm will not fund seed or start-up opportunities. Souls Private Equity Limited is managed by Pitt Capital Partners and is headquartered in Sydney.

DEAL STATS #
Overall 8 of 14
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 14
Country (Australia) 7 of 13
Year (2005) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Asian Property Investments

Hong Kong, China

Asian Property Investments Limited (APIL) was incorporated in Hong Kong in 2005 as a private limited company for the purpose of capitalising on the favourable property investment conditions in Hong Kong by investing in a mixture of residential and commercial properties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 CMA

Sydney, Australia

CMA Corporation Ltd is a integrated Australian based metal recycling group with operations in the sourcing, supply, processing, smelting and exporting of scrap metal. The Company also has contracting operations in resource sector plant de-commissioning, industrial demolition, site clearance, remediation and marine works.

Buy -
Mergr

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