Investment Summary

Exits International Parking Group Pty

On February 1, 2003, invested in consumer services company International Parking Group Pty from Propel Investments Pty

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in Australia.

Investment Summary

Date 2003-02-01
Target International Parking Group Pty
Sector Consumer Services
Sellers(s) Propel Investments Pty
Deal Type Unknown

Target

International Parking Group Pty

Melbourne, Australia
website
International Parking Group (IPG) is a provider of carparking development and operating management at major public hospitals. At the time of exit, IPG held eight hospital car parks under long-term lease/licences issued by various health service authorities.

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Seller(S) 1

SELLER

Propel Investments Pty

Pyrmont, Australia

website


Category Private Equity Firm
Founded 2007
PE ASSETS 447M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Propel investments is middle-market private equity firm focused on buyout, buy-in, and expansion investments in Australia and New Zealand. Propel looks to invest AU$20 to $80 million in established businesses valued between AU$50 to AU$250 million. Target industries include business services, financial services, retail/wholesale, bulk storage facilities, consumer products, and healthcare. Propel Investments was formed in 2007 and is based in Sydney.


DEAL STATS #
Overall 1 of 12
Sector (Consumer Services) 1 of 4
Type (Unknown) 1 of 1
Country (Australia) 1 of 9
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Marstel Terminals

Auckland City, New Zealand

Marstel Terminals Ltd is a marstel specialty services include the storage of bulk and packaged hazardous and non-hazardous products, packaging, contract blending and manufacturing. The product range includes chemicals, fuels, lubes and edible oils.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Hudson Building Supplies Pty

Rouse Hill, Australia

HBS is an established well-known brand in the timber and hardware industry. The company has 15 trade-focused stores in NSW and southeast Queensland and is the third largest building supplies business on the east coast of Australia.

Buy -