M&A Deal Summary

SOULS PRIVATE EQUITY LIMITED Acquires Pitt Capital Partners

On July 31, 2007, private equity firm SOULS PRIVATE EQUITY LIMITED acquired financial services company Pitt Capital Partners

Acquisition Highlights
  • This is SOULS PRIVATE EQUITY LIMITED’s 1st transaction in the Financial Services sector.
  • This is SOULS PRIVATE EQUITY LIMITED’s 13th transaction in Australia.

M&A Deal Summary

Date 2007-07-31
Target Pitt Capital Partners
Sector Financial Services
Buyer(s) SOULS PRIVATE EQUITY LIMITED
Deal Type Buyout (LBO, MBO, MBI)

Target

Pitt Capital Partners

Sydney,NSW, Australia
Pitt Capital Partners is a boutique merchant bank 75% owned by Washington H Soul Pattinson and 25% owned by Souls Private Equity Limited. Offices are located in Sydney, Melbourne, Adelaide and Hong Kong. Pitt Capital Partners has in excess of 30 highly qualified executives with extensive experience across a diverse range of industries.

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Buyer(S) 1

DESCRIPTION

Souls Private Equity Limited is a listed investment firm focused on public and private company investments in Australia and New Zealand. Souls prefers growth companies with minimum revenue of AU$10 million and at least AU$3 million in EBITDA. Target sectors include industrial products, plastics, consumer products, financial services, software, healthcare, and insurance. Souls' investment horizon is three to seven years. The Firm will not fund seed or start-up opportunities. Souls Private Equity Limited is managed by Pitt Capital Partners and is headquartered in Sydney.


DEAL STATS #
Overall 14 of 14
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 14
Country: Australia M&A 13 of 13
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 Hydramatic Engineering Pty

Redhead, Australia

Hydramatic Engineering was founded in 1972 to design and manufacture high quality roof bolting machines, drilling rigs and associated equipment for use in the underground coal mining industry. This highly specialised mining equipment is used to install roof and rib bolts and support the overlying strata of underground mines and tunnels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-19 Specialist Oncology Services

Westmead, Australia

Specialist Oncology Services (SOS) Pty Limited. SOS provides a high quality specialist medical service through consolidation of successful specialist clinics. This is achieved with an accessible ‘brand’ name in an environment where health care is fragmented and uncoordinated.

Sell -