Case Study 2: Perkins Shipping Group Pty Ltd

Working with a family business to improve operations and returns

Shipping and logistics, northern Australia, established in 1948

PRIOR TO INVESTMENT

  • Family owned business, with recently appointed professional management
  • Required capital to modernise fleet and skills to improve governance and funding

OPPORTUNITY

  • Capitalise on growth in mining, Sinapore and Dili trade and indigenous communities
  • Rationalise and restructure fleet and funding
    Capitalise on strong brand

INVESTMENT ACTIONS

  • Acquired two newer and larger vessels, restructured fleet and improved utilisation
  • Replaced CFO and improved funding and reporting

SALE

  • Increased EBITDA 2.5 fold in 2 years off 20% increase in revenue
  • Sold to trade buyer with international operations
  • Investment IRR (pre-fees) of 66%
  • AVCAL Expansion Investment of the Year 2009

©2015 Adexum Capital Limited ABN 28 156 499 651

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