Investment Summary

Gresham Private Equity Fund Exits Tasmanian Walking Company

On September 23, 2013, Virgin Australia Airlines invested in consumer services company Tasmanian Walking Company from Gresham Private Equity Fund

Investment Highlights
  • This is Virgin Australia Airlines’ 1st transaction in the Consumer Services sector.
  • This is Virgin Australia Airlines’ 1st transaction in Australia.

Investment Summary

Date 2013-09-23
Target Tasmanian Walking Company
Sector Consumer Services
Investor(s) Virgin Australia Airlines
Sellers(s) Gresham Private Equity Fund
Deal Type Add-on Acquisition

Target

Tasmanian Walking Company

Australia
The Tasmanian Walking Company consists of two iconic 'experiential tourism' assets in Tasmania, Cradle Huts, and Bay of Fires Walks.

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Investor(S) 1

Investor

Virgin Australia Airlines

South Brisbane, Australia

Category Company
Founded 2000
Sector Airlines
Revenue 5.4B AUD (2018)
DESCRIPTION

Virgin Australia Airlines is an airline company with the largest fleet size to use the Virgin brand. Virgin Australia Airlines was founded in 2000 and is based in Spring Hill, Australia.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 1 of 2
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Skywest Airlines

Singapore, Singapore

Skywest Airlines Ltd (formerly known as Advent Air Ltd) was a diversified airline, aerospace and investment group incorporated in Singapore.

Buy AU$98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Velocity Frequent Flyer

Spring Hill, Australia

Velocity Frequent Flyer operates and manages airline loyalty program of Virgin Australia. The company provides members with personal, real and inspirational experiences. Velocity Frequent Flyer was founded in 2005 and is based in Spring Hill, Australia.

Buy -

Seller(S) 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 STATS #
Overall 10 of 10
Sector: Consumer Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Australia M&A 5 of 5
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Noel Leeming

Auckland, New Zealand

Noel Leeming is Noel Leeming Group?s flagship retail brand. It strives to offer a superior standard of service and the widest possible range of branded consumer technology and appliances. Noel Leeming promises its customers that it will never knowingly be undersold. It provides comprehensive after sales support.

Sell $65M