Investment Summary

Pemba Capital Partners and HighPoint Capital Exits Placard Pty

On September 30, 2019, ASSA ABLOY invested in manufacturer Placard Pty from Pemba Capital Partners and HighPoint Capital

Investment Highlights
  • This is ASSA ABLOY’s 4th transaction in the Manufacturing sector.
  • This is ASSA ABLOY’s 3rd transaction in Australia.

Investment Summary

Date 2019-09-30
Target Placard Pty
Sector Manufacturing
Investor(s) ASSA ABLOY
Sellers(s) Pemba Capital Partners
HighPoint Capital
Deal Type Add-on Acquisition

Target

Placard Pty

Melbourne, Australia
Placard Pty Ltd. core business is manufacturing, personalisation and fulfilment of plastic card products within its high-security facility located in Bayswater, Victoria which is accredited by Visa, MasterCard, Amex and Diners Club. Placard manufactures card products such as Financial Cards, Driver Licences, Loyalty Cards, Gift Cards, and Photo I.D products for customers in Australia and New Zealand and around the world.

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Investor(S) 1

Investor

ASSA ABLOY

Stockholm, Sweden

Category Company
Founded 1954
Sector Manufacturing
Employees64,460
Revenue 150.2B SEK (2024)
DESCRIPTION

ASSA ABLOY is a provider of access solutions. Every day, help people feel safe, secure, and experience a more open world. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 87 of 147
Sector: Manufacturing M&A 4 of 17
Type: Add-on Acquisition M&A Deals 84 of 142
Country: Australia M&A 3 of 5
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 LifeSafety Power

Libertyville, Illinois, United States

LifeSafety Power, Inc. engages in Smarter Power Solutions and remote monitoring capabilities, providing modular AC, DC, and PoE systems to meet the growing needs of the life safety industry. FlexPower uses a unique modular design that allows for many system configurations such as single, dual or multi-voltage outputs and power distribution, control, or signaling, fire alarm interface with failsafe, failsecure lock control, plus network communication, all of which are standard in one advanced multi-listed system platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 LUX-IDent s.r.o

Lanskroun, Czech Republic

LUX-IDent s.r.o is a provider of radio frequency identification (RFID) components. LUX-IDent was founded in 2002 and is based in the Czech Republic.

Buy -

Seller(S) 2

SELLER

Pemba Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pemba Capital Partners is an independent private equity firm backed by the FirstRand Group focused on public and private company investments in Australia and New Zealand. Pemba looks to invest in profitable companies valued from $30 to $150 million AU. Pemba is a generalist investor, looking for opportunities in a variety of industries positioned for organic growth or growth through acquisitions. Pemba will not invest include early-stage or pure technology, hostile takeovers, property or construction, infrastructure, and agriculture or resources. Pemba Capital Partners was formed in 1998 and is based in Sydney, Australia.


DEAL STATS #
Overall 14 of 22
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 8
Country: Australia M&A 13 of 21
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Coverforce

Sydney, Australia

Coverforce is a provider of group income protection insurance for blue collar workers and a general insurance broker focused on the SME market. Coverforce was established in 1994 and is based in Sydney, Autralia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 McGirr Technologies

Sydney, Australia

McGirr Technologies is a provider of digital solutions for modern courts, prosecutors, tribunals, and commissions. Supporting all case types, their proven platform streamlines and automates the most complex business processes from end-to-end. McGirr Technologies was established in 1985 and is based in Sydney, Australia.

Buy -
SELLER

HighPoint Capital


Category Private Equity Firm
Founded 2008
PE ASSETS 30M AUD
Size Small
Type Sector Agnostic
DESCRIPTION

HighPoint Capital Pty Ltd is a private equity investor that looks to provide growth capital and replacement capital to smaller, mid-market private companies in Australia. The Firm generally prefers profitable enterprises (> $1.5 million of EBITDA) and will consider private companies valued up to $60 million. HighPoint is sector agnostic, however the Firm prefers companies with sustainable growth opportunities, high barriers to entry, and potential for outside capital/expertise to accelerate growth. HighPoint Capital was formed in 2008 and is headquartered in Sydney.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Australia M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 OptiPay

Sydney, Australia

OptiPay provides flexible cash flow solutions to businesses, by providing Invoice Finance, Trade Finance and Inventory Finance. OptiPay was founded in 2014 and is based in Sydney, New South Wales.

Buy -