Case Study 1: Fone Zone Group Ltd

Classic Expansion/Pre-IPO Funding

PRIOR TO INVESTMENT

  • Family owned, run by husband and wife team
  • Had grown to 53 stores over 10 years
  • Lacked capital to roll out company’s growth plans

OPPORTUNITY

Utilise systems and infrastructure to service anticipated growth in demand for mobile phones and related products

INVESTMENT

Invested capital and grew from 53 to 162 stores over three years, through both organic growth and acquisitions

SALE

  • Increased revenue from $50m to $190m
  • Listed on ASX, achieved 6.2 times original investment at IRR (pre fees of 100% pa)
  • AVCAL Expansion Investment of the Year 2006

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