Knox Launches Fund IV
With a target capitalisation of $150 million, Fund IV will likely be made up of 4 – 6 equity investments of $20 million plus in companies with enterprise values ranging between $25 - $200 million. This is a space in the market that we believe is underserved by other private equity firms, and represents the type of deal size and situation where we have already demonstrated success.
Fund IV has considerable momentum with a strategic investment in mining and resources services specialist Australian Aerial Mapping (www.aamgroup.com). AAM is a market leader in the Australasian geospatial industry with exposure to high growth economies (Australia, South East Asia, and Africa) and industries (including mining and resources, infrastructure, government, and the environment). We believe that through investment in the best equipment and the strategic acquisition of complementary businesses, AAM can become the dominant mining and resources provider of geospatial solutions in the Southern Hemisphere. The case study in the Fund IV Information Memorandum (see link below) provides additional information on AAM and the substantial opportunity it presents for Fund IV.
There is no doubt that the past couple of years have presented challenging times for investors, and while most economies seem to be on the path to recovery, a considerable amount of uncertainty remains.
We are proud of our achievements and success during this time, and firmly believe that the quality of the Knox team, Knox style, and our proven, repeatable formula will underpin our continued investment success in this environment: one in which leverage alone cannot be counted on to generate value.
Clear Investment Focus
| Mid-market investment of $20m+ |
The NZ and Australian economies are dominated by medium sized, privately held companies. The lower mid-market deal space is often overlooked by larger private equity funds and is therefore less competed. |
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| Transition phase businesses | The biggest challenges to mid-market companies occur during key transition periods of step change growth and / or ownership restructuring. Knox’s approach and expertise is ideally positioned to maximise the business outcomes and value creation during such transition. |
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Industry perspective |
Taking an industry view allows the Knox team to develop an insider’s perspective, to execute an investment strategy that positions the company for long term strategic advantage, and creates and delivers real value. |
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Local leadership with regional growth platform |
Focus on building an Australasian base, with the potential for regional growth beach heads. Build core business through acquisitions and alliances locally and abroad. |
