Advent Partners Mergers and Acquisitions Summary

Private Equity Profile

Advent Partners’ most common sectors for investment are healthcare services (18%) and business services (12%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and growth capital (42%). Its largest (disclosed) acquisition occurred in 2006 when it acquired Locker Group Pty. for $109M.

The Firm’s most common exit type is trade sale (45%). Advent Partners’ largest (disclosed) exit occurred in 2012 when it sold Genesis Care Pty for $350M.

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M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity17
    • M&A Sell Activity9
  • Total Sectors Invested 13
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Advent Partners

Level 17, HWT Tower, 40 City Road, Southbank,
Melbourne, 3006
Australia,
61 3 9690 9566
www.advent.com.au
enquiry@advent.com.au

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $10 and $150 million AUS with operating profits of at least $2 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early stage transactions. Advent was formed in 1984 and is based in Melbourne.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Engineering, Financial Services, Food, Healthcare Services, Leisure, Machinery, Manufacturing, Metals/Mining, Packaging, Software, Technology Hardware, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Acquisition Financing, Stake Purchase

Geographic Preferences: Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 -
Investment Size 40 150
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 17 - - - - - 17
vol $187M $187M
Sell (0.2/yr) # 8 1 - - - - 9
vol $527M $114M $641M
  26

Most Recent M&A

Company Date Value Type
Botanical Food Co. Pty. Ltd. (Gourmet Garden) 2016-04-19 114M USD Add-on Acquisition
Queensland, Australia · www.gourmetgarden.com
Integral Diagnostics Ltd. 2015-09-30 - IPO
Wendouree, Australia · www.integraldiagnostics.com.au
Integral Diagnostics Ltd. 2014-08-01 - Growth Capital
Wendouree, Australia · www.integraldiagnostics.com.au
Botanical Food Co. Pty. Ltd. (Gourmet Garden) 2013-12-01 - Growth Capital
Queensland, Australia · www.gourmetgarden.com
Locker Group Pty. Ltd. 2013-02-05 - Add-on Acquisition
Victoria, Australia · www.locker.com.au
Genesis Care Pty Ltd. 2012-06-27 350M USD Secondary Buyout
Sydney, Australia · www.genesiscare.com.au
Orionstone Pty Ltd. 2011-07-01 - Growth Capital
Mackay, Australia · www.orionstone.com.au
Scada group 2010-04-27 142M AUD Trade Sale - Public Company
Merewether, Australia · www.scadagroup.com
Genesis Care Pty Ltd. 2009-01-01 48M USD Buyout (LBO, MBO, MBI)
Sydney, Australia · www.genesiscare.com.au
Integrated Packaging Group Pty Ltd. 2008-09-03 30M USD Buyout (LBO, MBO, MBI)
Melbourne, Australia · www.ipstretch.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Integrated Packaging Group Pty Ltd. 2008-09-03 Ausplaztik Pty. Ltd. 2010-02-01 1
Melbourne, Australia · www.ipstretch.com Mildura, Australia

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services - - 3 (18%) 48M (26%)
Business Services - - 2 (12%) -
Retail 2 (40%) - 2 (12%) -
Manufacturing - - 1 (6%) 109M (58%)
Machinery 1 (20%) 30M (100%) 1 (6%) 30M (16%)
Consumer Products - - 1 (6%) -
Electrical Equipment 1 (20%) - 1 (6%) -
Energy Services and Equipment - - 1 (6%) -
Engineering - - 1 (6%) -
Food - - 1 (6%) -
Leisure - - 1 (6%) -
Media - - 1 (6%) -
Metals/Mining 1 (20%) - 1 (6%) -
Total 5 $30M 17 $187M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Australia 5 (100%) 30M (100%) 17 (100%) 187M (100%)
Total 5 $30M 17 $187M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (40%) 30M (100%) 7 (41%) 187M (100%)
Growth Capital 3 (60%) - 7 (41%) -
Stake Purchase - - 2 (12%) -
Secondary Buyout - - 1 (6%) -
Total 5 $30M 17 $187M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (44%) 291M (45%)
IPO 2 (22%) -
Trade Sale 2 (22%) -
Secondary Sale 1 (11%) 350M (55%)
Total 9 $641M

Top M&A Advisors

Financial Deals
Ernst & Young Capital Advisors LLC
 1
Legal Deals
Norgled Management Pty Ltd. (Norton Gledhill)
 1

Deal Values

buy # Total
$100M to $1B 1 $109M
< $100M 2 $78M
TOTAL $187M
Largest Locker Group Pty. Ltd.
$109M (2006-11-16)
sell # Total
$100M to $1B 3 $606M
< $100M 1 $35M
TOTAL $641M
Largest Genesis Care Pty Ltd.
$350M (2012-06-27)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
20%
1 20%
Strategic(s)
80%
4 80%

Investor Summary

Size

Middle-Market

PE Assets

500M AUD

Established

1984

Specialist/Generalist

Generalist

Leadership

Robert Radcliffe-Smith

Managing Partner

Rupert Harrington

Chairman

Symon Vegter

Partner

Mark Jago

Partner

Brad Lynch

Partner

Mergr

Product

Company

Legal