Secondary Buyout • Marine

Ironbridge Capital Acquires Riviera Marine Pty.

On September 1, 2006, private equity firm Ironbridge Capital acquired marine company Riviera Marine Pty. from Gresham Private Equity Fund for 287M AUD

Acquisition Context
  • This is Ironbridge Capital’s 1st transaction in the Marine sector.
  • This is Ironbridge Capital’s 3rd largest (disclosed) transaction.
  • This is Ironbridge Capital’s 6th transaction in Australia.

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M&A Deal Summary

Date September 1, 2006
Target Riviera Marine Pty.
Sector Marine
Buyer(s) Ironbridge Capital
Sellers(s) Gresham Private Equity Fund
Deal Type Secondary Buyout
Deal Value 287M AUD

Target Company

Riviera Marine Pty.

Coomera, Australia
Riviera Marine Pty. Ltd. is a provider of open and enclosed fly bridge yachts, sport motor yachts, sport yachts, and SUV yachts.
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Buyer Overview 1

Buyer

Ironbridge Capital

Sydney, Australia

Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Ironbridge Capital is a middle-market private equity firm that targets growth capital and buyout investments in Australia and New Zealand. Ironbridge focuses its investment activity within the services sector and targets businesses with the potential for strong and sustained growth in revenue and profitability. Ironbridge Capital was formed in 2003 and has offices in Sydney and Auckland.


Deal Context for Buyer #
Overall 9 of 19
Sector: Marine 1 of 1
Type: Secondary Buyout 1 of 1
Country: Australia 6 of 13
Year: 2006 2 of 3
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Amart Furniture

Rochedale South, Australia

Amart Furniture is a discount furniture and bedding retailer. Amart Furniture was founded in 1970 and is based in Rochedale South, Australia.

Buy AU$478M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 iNova Pharmaceuticals

Singapore, Singapore

iNova Pharmaceuticals is a developer and marketer of over-the-counter and prescription medicines. iNova Pharmaceuticals was founded in 1958 and is based in Singapore.

Buy $349M

Seller Profile 1

SELLER

Gresham Private Equity Fund

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 525M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gresham Private Equity is the private equity arm of financial advisory firm Gresham Partners. Gresham Private Equity seeks buyout, growth capital, public to private, and buy and build investments in Australia and New Zealand. The Firm seeks transactions valued from $100 to $500 million. Target sectors include business services, marine, distribution, apparel, industrial products, communications, and consumer services. Gresham Private Equity was established in 1999 and is based in Sydney.


Deal Context for Seller #
Overall 4 of 10
Sector: Marine 1 of 1
Type: Secondary Buyout 1 of 1
Country: Australia 2 of 5
Year: 2006 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Witchery Fashions Pty

Collingwood, United States

Witchery Fashions Pty Ltd. is a apparel retailer through its focus on fashionably designed and high quality ladies apparel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Anthology Travel

Sydney, Australia

Anthology is a specialist manager and marketer of nature-based tourism assets. The company operates Wildman Wilderness Lodge in the Mary River National Park, NT, and Wilpena Pound Resort in the Flinders Ranges National Park SA for Indigenous Business Australia.

Buy -

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