Capital Raising
OPEN
Marathon Consolidated
Building world-class Australian businesses, with global capabilities.
INDUSTRY
Financial
RAISING
A$5M
PRE-MONEY VALUATION
~A$9M
MINIMUM INVESTMENT
A$50,000
Investment Highlights
Company Overview
Transaction Overview
Team
News
Transaction Summary
Marathon Consolidated
9% p.a. > A$500,000 investment amount
7% p.a. < A$500,000 investment amount
Distributions paid monthly
Anticipated 58% uplift in share price to over A$380 per share
Investment Highlights
Up to 9% p.a. distribution, paid monthly
Poised to acquire an undervalued business below its liquidation value
Anticipated 58% investment return over the next 12-months
Strong financial performance with over $80M of revenues and over $5M of operating profits
Proven track record with a 14.8% p.a. 5-year compound annual growth
Company Overview
Core purpose is to harness the financial and strategic value of change
To identify, study, understand, value and create change for the companies in which we invest by providing long-term patient capital and partnering in a constructive manner to support the management teams and boards in creating long lasting shareholder value
Investments that we understand
Our investment strategy centres on our circle of competence and understanding before investing, ensuring informed decisions, and minimising risk
Innate ability to identify undervalued investments
Our distinct expertise allows us to spot undervalued investments, unlocking hidden potential for superior long-term returns
Defensive and diversified portfolio of value investments
Our portfolio is built on a defensive and diversified approach, emphasizing value investments for long-term stability, growth and maintaining profit margins in an inflationary environment
Building world-class Australian businesses with global capabilities. Marathon is a growing Australian public company. The focus of Marathon’s diverse operations is to maximise growth in capital returns to shareholders through the acquisition of controlling or strategic shareholdings in Australian businesses.
Marathon’s strategy permits investment in the majority of asset classes around the globe.
Our competitive advantage is our long-term orientation and the flexibility across asset classes provided by our uniquely broad investment mandate.
The Company’s portfolio may include a range of types of assets, including listed and unlisted equities; listed and unlisted fixed income securities; REITs; derivatives; commercial real estate and cash.
Marathon
Investment Opportunity
NAV
$236.86 per share as 31 December 2023
Inception
2014
Strategy
Building world-class Australian businesses with global capabilities. Marathon is a growing Australian public company. The focus of Marathon’s diverse operations is to maximise growth in capital returns to shareholders through the acquisition of controlling or strategic shareholdings in Australian businesses.
Distributions
Up to 9% p.a. distribution, paid montly
Management Fee
1.5% per annum of the Net Asset Value of the Company, paid monthly in arrears
Performance Fee
20% of the increase in the Net Asset Value above the High Watermark, paid annually
Minimum Investment
A$50,000
Portfolio – Investee Companies
MBL Food & Packaging (formerly the Master Butchers cooperative) is a food and packaging company headquartered in Western Australia and established in 1949
Growth Pillars are; Food Service, Packaging, Blending & Manufacturing, Butchery and Bakery
Growth Targets are $100m in revenue and $5m net profit annually by June 2025
Growth Strategy is to increase earnings through organic and acquisitive growth by improving market share
Marathon’s investment return is 29.2% p.a. since 2015
Property Vine is a real estate services company specialising in Management Letting Rights (MLR’s), Property Management and Sales, headquartered in Queensland and established in 2018
Growth Strategy is to create an industry-leading accommodation and real estate services ecosystem
12 MLR’s under management with a focus on acquisitive growth throughout Queensland
Marathon’s investment return is 19.5% p.a. since 2018
National Tyres is a retail, commercial and fleet tyre service company headquartered in North Queensland and established in 2021
Growth Strategy is to purchase and consolidate individual tyre retailers to realise economies of scale in a fragmented market
Marathon has recruited an exceptional management team that is growing profitability
Marathon expects a long-term investment return of over 15% p.a.
Transaction Overview
Raising A$5M at a pre-money valuation of ~$9M for the acquisition of an undervalued business below its liquidation value.
- Raising A$4.5M
- Convertible at A$245 per share
- Current share price is A$240 per share
- A$380 per share forecast 12-month share price (58% uplift)
- Minimum Investment A$50,000
News
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