Case Studies
NATIONAL CREDIT MANAGEMENT LIMITED
NCML is a leading provider of integrated receivables management services in Australia. The company's services offering consists of contingent debt collections, outsourced credit management services, and debt purchase. The company has offices in key strategic state capitals servicing over 1,000 customers across both the public and private sectors.
ROYAL WOLF
Royal Wolf is Australia’s leading supplier of domestic storage and freight containers. During our partnership with the management buy-out team, the company tripled its earnings through expansion of the container lease fleet, product innovation and successful execution of strategic "bolt-on" acquisitions to strengthen Royal Wolf's competitive positioning. The investment was exited in March 2007 in a trade sale to General Finance Corporation (a company listed on the American Stock Exchange), resulting in 4.4 times multiple on equity investment and an IRR of 62%.
SKINS
Skins is a leading designer and marketer of premium compression sports apparel that provides improved performance and recovery for sports participants of all levels. The "active" sports apparel market is the fastest growing segment of the sporting goods market globally. Equity Partners provided expansion capital to Skins in December 2007. During our involvement we worked closely with the management team to develop and grow Skins's strategic value. Over the 4 year period of our investment revenue grew from $16 million per annum to $50 million per annum and the distribution footprint was significantly expanded from 8 countries to 37 countries. In April 2012 we facilitated a strategic alliance between Skins and Itochu, one of Japan's leading trading companies, which enabled Skins to buy back the share capital held by Equity Partners for over $30 million, delivering a 2.4 times multiple on equity investment and an IRR of 24%.