finance.yahoo.com - JMT Consulting, a Texas-based financial consulting and technology firm, has acquired Axiom Business Systems (ABS). ABS, based in Australia and with an office in Nebraska, provides Cemetery management software solutions and has annual revenues of approximately USD 17m. This move represents a natural extension of JMT’s nonprofit focus.
asx.com.au (PDF) - OneVue announced on 6 February that it is planning to sell Madison Financial Group. An AFR article cited OneVue managing director Connie Mckeage as saying that the trade sale will be imminent and the group is confident that a buyer can be found. The report said that a number of local suitors are already believed to have made offers for Madison. The article noted that Madison has 60 financial advice firms and 142 individual advisers working under its licence.
afr.com - Gravitas Group, an Australian Melbourne-based specialist capital placement advisory business, has been acquired by Pallas Capital, an Australian Sydney-based non-bank lender, the Australian Financial Review reported. The article noted that Gravitas Group has raised over AUD 75m from wholesale investors for real estate debt and equity products. It also said that the merger is part of Pallas’ effort to expand its footprint and team in Melbourne.
algeco.com - Algeco Global, a UK-based provider of modular space and storage solutions, has acquired Net Modular, an Australian premium modular buildings firm (particularly for schools). Net Modular employs around 70 staff and recorded 2019 revenues of AUD 75m.
afr.com - Eptec, an Australia-based specialist engineering contractor in asset preservation and rehabilitation, has been acquired by mid-market private equity firm Next Capital and The Silverfern Group, according to the Australian Financial Review. Sources said the strategy was to capture opportunities around defence spending and critical infrastructure maintenance, as well as broadening the firm’s focus to new sectors and geographies.
Management Advisors was established in 1995 and offers corporate advisory services, creates investment opportunities and raises finance from the capital markets to facilitate transactions. We work with owners, boards and management on a fee for service basis (advisory and completion) to deliver our services.
