Press

PRIMARYMARKETS ADVISED SALMAT ON SALE OF MESSAGENET PTY LIMITED

13-Dec-2017

Salmat Limited (ASX:SLM) today announces that it has entered into an agreement to sell MessageNet Pty Limited - the Salmat Group SMS business - Message4U Pty Limited trading as MessageMedia for $14.8 million.

The sale is aligned to Salmat's current strategic priorities, which are aimed at strengthening and innovating the core business for long term sustainable growth......

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The Latest Path to Silicon Valley Riches: Stake Sales

23-Nov-2017

Entrepreneurs, venture investors reap riches through secondary sales in startups, rather than waiting for IPO

To reap riches in Silicon Valley, entrepreneurs and venture investors typically had to wait until their startup was acquired or went public.


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Many Didn't Learn Lessons of 1987

20-Oct-2017

Many Didn't Learn Lessons of 1987

The personal anecdotes about the impact of the 1897 share-market crash should reach a crescendo in Sydney on Friday when the Australian Stockbrokers Foundation hosts a lunch to "celebrate" the largest one-day fall in the history of exchange trading....

One of the more humorous stories came from Gavin Solomon, founder of a platform for trading illiquid securities and assets, who on the Tuesday when the crash hit Australia, bought a brand new 944 Porsche valued at $70,000 for $20,000 from a broker who had a big margin call. "I drove home and my wife hated it." Solomon says. "The broker in question is now worth $50 million to $100 million, is retired and living in Switzerland, while I am still working. Go figure." 

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Bondi Born, Seafolly, Jets, Tigerlily: Australian beach brands prized by private equity

28-Aug-2017

From afar, the motley crew of sleep-deprived, yet patientqueuers gave no indication of what they were queuing for. Frocked-up fashionistas lined up alongside the homeless;

cashed-up international students waited next to wide-eyed Airtaskers; avid luxury merchandise on-sellers ostentatiously displayed their wads of $50 and $100 notes.
This odd microcosm of fashion society played out in June, in the middle of the iconic Sydney beachside suburb of Bondi.

You can access a PDF version here:


 

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Ten years since the global financial crisis, world still suffers 'debt overhang'

21-Jun-2017

It is almost exactly 10 years since the financial world began a wobble that would swing into what we now know as the global financial crisis. On June 22, 2007, the public downfall of New York-based global investment bank Bear Stearns began in earnest. America's then fifth-largest investment bank was among a number of Wall Street giants exposed to bad bets on the US subprime mortgage market.
 

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Value of US and European private companies soars to $490bn

31-May-2017

The value of late-stage private companies in the US and Europe has soared to more than $490bn, a fivefold increase over the past four years, according to a new index, as technology companies such as Uber eschew public markets in favour of remaining private.

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Relax the rules to kickstart the stalled IPO market

15-May-2017

Over the past 10 years the number of initial public offerings in the US, and the total amount of equity raised by them, are way down on historical averages. If these had held there would have been more than 3,000 new public companies in the past decade. Instead, we have had fewer than half the number of IPOs. Against that, private companies in the US, including the likes of Lyft and SpaceX, are raising a record amount of equity capital in private markets. Private companies raised almost $120bn through private offerings in 2016, according to the Committee on Capital Markets Regulation, a policy group. Last year US IPOs raised $24bn in equity, compared with a historical average of nearly $60bn.
 

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Super changes pushing SMSFs into unlisted property trusts

10-May-2017

Pending changes to superannuation rules and a clampdown on lending to self-managed super funds is driving investors into unlisted retail property trusts, according to the head of funds management at mall landlord SCA Property Group (SCP).

If you are subscribed to the Australian Financial Review, please click here: AFR

If otherwise, you can access a PDF version here: 

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The Best Routes to Angel Liquidity

12-Apr-2017

The biggest question for angel investors in the last decade is: “How do I get a return on my investment?” Without financial returns, most angels aren’t able to keep plowing money into new startups.

So, what does an angel need to do to get their money back, or better yet, make great returns? Here is the best advice I’ve gotten on getting to liquidity or exits from some of my favorite angels and experts over the years. Interestingly, the advice covers before, during, and after you invest.

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Heathley building on a healthy portfolio

31-Mar-2017

Sydney-­based Heathley Asset Management is quickly expanding the scope of its medical and aged­care holdings, flagging an interest in developing centres, operating facilities and investing in businesses across the sector.

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