News - Page 22 of 24 - SLM Corporate

29 Jun

SLM advises FoodWorks on a $35m acquisition of 45 Coles stores and 8 Liquorland stores from Wesfarmers

In M&A Advisory by chopsky / June 29, 2009 / 0 Comments

SLM Corporate is pleased to announce that it has acted as Corporate and Financial adviser to FoodWorks on its acquisition of 45 Coles stores and 8 associated Liquorland stores from Wesfarmers. The transaction is valued at approximately $35m, and is to be funded by way of a vendor finance package from Wesfarmers, the parent entity of the Coles Group.

The stores are located throughout South Australia, Victoria, New South Wales and Queensland and have annual revenues in excess of $450m.

The transaction remains subject to a number of conditions including ACCC and FoodWorks shareholder approval. Subject to these approvals, the first store is expected to transition to FoodWorks in September 2009.

SLM Corporate advised FoodWorks on all aspects of the transaction, including valuations, commercial and legal negotiations, due diligence, financial modelling and internal approvals. In particular, the advice covered complex issues relating to transition of operations, property management and vendor finance.

This transaction continues SLM Corporate’s longstanding relationship as an advisor to the FoodWorks Group having advised it on a $10m, members-only, capital raising in 2007 as well as various other initiatives.

FoodWorks was created through the successful merger of two independent groups; FoodWorks Supermarket Group and Australian United Retailers in late 2004. Its members operate more than 700 supermarkets, food and convenience stores across Australia supporting in excess of $1.5bn in annual sales at the retail level. This transaction will propel the Group towards $2.0bn of retail sales.

For further information, please contact:

Barry Lewin
Managing Director
Ph: 03 9244 9644
Email: barry.lewin@slmcorporate.com.au

23 Feb

SLM provides independent advice to St Barbara Mines Limited on its successful $75m institutional placementt

In M&A Advisory by chopsky / February 23, 2009 / 0 Comments

SLM Corporate is pleased to announce that it has acted as independent advisor to listed gold mining company St Barbara Limited (ASX: SBM) on its recent $75m institutional placement.

Southern Cross Equities was lead manager of the placement.

The proceeds from the placement will provide St Barbara with a strengthened balance sheet and funds that will enable the Company to partially buy back its convertible notes at an appropriate discount and/or fund their later potential redemption.

For further information, please contact:

Barry Lewin
Managing Director
Ph: 03 9244 9644
Email: barry.lewin@slmcorporate.com.au

06 Oct

SLM advises National Foods on the acquisition of Hillwood Cheeses

In M&A Advisory by chopsky / October 6, 2008 / 0 Comments

SLM Corporate is pleased to announce that it has advised National Foods on the successful acquisition of Launceston-based Hillwood Cheeses.

Hillwood Cheeses produces high quality fetta cheese, which is provided to major customers and distributed extensively in Australia.

National Foods is one of Australia’s largest food and beverage groups, with core activities in milk, fresh dairy foods, juice, soy beverages and specialty cheese, and is a wholly owned subsidiary of Kirin Holdings Company, Limited.

For further information, please contact:

Barry Lewin
Managing Director
Ph: 03 9244 9644
Email: barry.lewin@slmcorporate.com.au

11 Feb

SLM completes Independent Expert Report for Austin Group Limited

In Valuations & Financial Modelling by chopsky / February 11, 2008 / 0 Comments

SLM is pleased to announce that it has completed an independent expert report for ASX listed Austin Group Limited for the purposes of item 7 of section 611 of the Corporations Act. The transaction will enable a strategic shareholder to convert convertible notes into ordinary shares in the Company, taking its shareholding above 20% without breaching the Corporations Act.

For further information, please contact:

Barry Lewin
Managing Director
SLM Corporate
Ph: (03) 9244 9644
Email: barry.lewin@slmcorporate.com.au

-->