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| Breezway
Australia
Date of Investment:
November 2001
Status: Realised
Type of Investment:
Management Buy Out
Breezway's position as the Australian
market leader in the design, manufacture
and marketing of louvre windows began
over 50 years ago as N.V Appleton
& Co., manufacturing NACO brand
steel and aluminium louvre windows.
Today, Breezway is based in Brisbane,
Queensland and the company's louvre
window systems under the Palmair™
and Attain™ brands are known
throughout the world, with the business
exporting to over fifty countries
throughout Asia-Pacific, America,
Europe and Africa.
As part of a highly structured leveraged
MBO out of James Hardie Industries,
Crescent Capital Partners was able
to unlock and realise the intrinsic
value of Breezway Australia for the
benefit of Breezway’s shareholders
including management and Crescent’s
investors.
www.breezway.com.au |
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Trend
Windows & Doors Pty Ltd
Date of Investment:
November 2001
Status: Realised
Type of Investment:
Management Buy Out
Trend Windows & Doors Pty Ltd
is the third largest manufacturer
of timber and aluminium windows under
the brand names of Trend Windows,
Framex Windows and Quantum Windows
in Australia. Trend operates throughout
Australia, employing around 500 people.
As part of a highly structured leveraged
MBO out of James Hardie Industries,
Crescent facilitated the break up
of the Windows division and the subsequent
sales of the Trend Windows & Doors
business to management.
Crescent Capital Partners has fully
realised its investment in
Trend Windows & Doors.
www.trendwindows.com.au |
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| IDS
Enterprise Systems
Date of Investment:
May 2002
Status: Realised
Type of Investment:
Vendor Sell Down and Expansion Capital
IDS develops software for supply
chain management and e-business for
the automotive industry. It’s
products manage all aspects of the
supply chain of a company, allowing
supply based information to flow throughout
the whole system from a single point
of entry.
Their clients include MG Rover, Porsche,
Inchcape, Mazda, Panasonic, Hino,
Mitsubishi Trucks and Holden.
The company has offices in Sydney,
Melbourne, London and Thailand.
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| Bluestone
Group Pty Limited
Date of Investment:
October 2002
Status: Unrealised
Type of Investment:
Expansion Capital
Bluestone Group is a specialist provider
of mortgage/finance to non-conforming
or sub-prime borrowers. Bluestone’s
typical borrowers include the self-employed,
recent immigrants, the elderly, borrowers
from minority groups, people that
have an impaired credit record and
those who cannot otherwise obtain
a mortgage from traditional lenders
such as banks and mainstream non-bank
lenders.
Established in February 2000, Bluestone
operates throughout Australia and
New Zealand and is the leading non-conforming
mortgage originator.
Crescent Capital Partners’ investment
has funded the continued growth and
development of Bluestone’s business.
www.bluestone.com.au
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| Surf
Hardware International
Date of Investment:
January 2003
Status: Unrealised
Type of Investment:
Shareholder Buyout
Surf Hardware International is a
leading surf accessory company with
offices in Australia, USA, Japan and
Europe. It is the largest provider
of fins and fin systems in the world.
Its brands include FCS and Gorilla
Grip. The company’s products
include leg ropes, luggage, surf pads,
surf car luggage racks, fins and fin
systems.
Together with co-investment partner
Macquarie Bank, Crescent Capital Partners
investment facilitated the exit and
retirement of 2 founding partners
and the hire of a new CEO and senior
management team to position the business
for growth.
www.surfhardware.com.au
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Waterwheel
Industries
Date of Investment:
April 2004
Status: Unrealised
Type of Investment:
Founder Sell Down
Established in 1988, Waterwheel Industries
is a manufacturer of branded food
products including a range of wafer
crispbreads, cheese twists and sweet
twists. Operating from its purpose
built factory in Dandenong, Melbourne,
it supplies National Foods, Coles,
Woolworths and a large number of other
domestic and export customers.
www.waterwheel.com.au
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Games Wizards
Date of Investment:
November 2004
Status: Realised
Type of Investment:
Expansion Capital
Games Wizards is a leading specialist
retailer of gaming software for computers
and gaming consoles including Sony
PSOne® and PlayStation®2,
Microsoft Xbox®, Nintendo GameCube™
and Nintendo Game Boy™ Advance™.
Crescent Capital Partners invested
in the company to fund a store roll
out program.
www.gameswizards.com
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