Seeking Potential Acquisition Targets
An ASX-ready, unlisted public company with an ASX experienced board, shareholder spread, and sufficient cash to run the ASX listing is currently seeking potential acquisition targets, with a desire for an ASX Listing.
The company is seeking industrial and technology businesses in sectors including healthcare, financial, education and food sectors that are:
- High growth (or the potential for high growth)
- Scalable (or with operating leverage)
- Strong thematic (industries with tailwinds)
- Proven management teams
- Quality revenue (SaaS or recurring)
Importantly, the company is after a business where they can partner with management to grow the business and where their expertise and network can add value.
An ASX listing can be a great alternative for a quality business as it offers liquidity, access to capital, currency for acquisitions and a potential listed multiple arbitrage.
The Investment Vehicle is a turnkey solution to getting listed with the necessary infrastructure in place and a highly experienced team that has successfully both listed and grown many businesses before.
The company has 130+ shareholders (for spread), ~$1.2m cash (to source, diligence and list a good quality, high growth business on the ASX), and their team is very experienced in running the IPO process, and working with the businesses post listing (both strategically and regarding running the ASX listed infrastructure post listing).
They offer an IPO-in-a-box solution for good quality businesses to get listed.
The Enterprise Value of businesses they are looking for is anywhere from around $15m – $80m. The company is open to businesses in a number of industries with a particular interest in technology (SaaS), healthcare, fintech, edu-tech and food, specifically those characterised by technology enablement offering scalable growth prospects.
The company will fund most of the costs of getting listed and likely would raise between $5m-$20m at the point of listing. Some of this could come off the table (for the cash component of the acquisition), and the rest of the cash would stay in the business post listing for growth. The balance of the purchase price to the vendors would be in listed entity shares. This is not likely a full exit for the vendors, but a partial exit and listing so they can take the business to the next level.