News - Page 23 of 23 - SLM Corporate

SLM Corporate is pleased to announce that it has advised on the sale of Classic Food Holdings Pty Ltd (“Classic Foods”) to Murray Goulburn Co-Operative Co Limited.

Based in Edith Creek in the north-west corner of Tasmania, Classic Foods was founded in 1989 and enjoyed significant growth by providing an independent contract packing service of Ultra Heat Treated food and beverage products for the Australian food industry. Classic Foods’ product range includes long life milk and milk based products such as custards, dairy desserts, ice cream mixes, pet milks, flavoured milks and modified milks designed to meet its wholesale food distribution customers’ specifications in their own branded packaging.

SLM Corporate advised the board and shareholders of Classic Foods on this transaction, and its role included:

• Valuing the company for investment/ sale;
• Preparing a detailed information memorandum;
• Identifying a number of potential buyers and receiving bids;
• Advising the company throughout the negotiations with the highest bidder, Murray Goulburn;
• Facilitating the due diligence process with Murray Goulburn’s specialist advisors;
• Reviewing all communications with the ACCC during its clearance process;
• Coordinating the overall transaction.

For further information, please contact SLM Corporate Pty Ltd:

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

SLM advised the board and shareholders of Flextool (Aust) Pty Ltd on the sale of the assets and undertaking of the Flextool concrete equipment and accessories business to Alesco Corporation Limited (ASX:ALS), announced today.

Flextool is a leading industrial brand, specialising in concrete vibrators, submersible water and trash pumps, concreting power finishing trowels and compactors. SLM’s role included valuing the business for the shareholders, identifying potential buyers and managing the sale process.

Completion is expected to take place on 31 January 2006.

For further information, please contact SLM Corporate Pty Ltd:

Barry Lewin
Managing Director
Ph: 03 9629 4411
Email: barry.lewin@slmcorporate.com.au

SLM today completed the sale of the Australian operations of fast growing pre-paid mobile phone technology, recharge and distribution company Ezipin Group Limited to market leader Bill Express Limited (ASX: BXP) for a combination of cash and shares. In this transaction, SLM also advised on related research and development funding and put and call option agreements involving BXP’s parent company Australian Pure Fruits Limited (ASX: AFL) and Ezipin’s Canadian subsidiary Ezipin Canada Inc.

The sale also marks the successful exit, at a significant profit to their entry price, of the investments of both convertible noteholders and shareholders, arranged by SLM from its network of high net worth investors, in two separate private equity funding rounds late last year.

The successful sale to BXP followed a dual track IPO/ trade sale strategy in which SLM acted as advisor to the Ezipin Group.

To enquire further about SLM’s role in this transaction, please contact:

Barry Lewin
Managing Director
Ph: 03 9629 4411
Email: barry.lewin@slmcorporate.com.au

SLM Corporate today completed the sale of a fast growing, industry leading construction equipment hire group to a private equity syndicate based in Sydney.

The Company is the leading provider of fall protection safety systems in Australia, having developed and patented innovative guardrail systems that are used extensively on commercial, industrial and residential construction sites throughout Victoria, New South Wales and Queensland, and via distribution agreements in other Australian States and in New Zealand.

The Company has a long list of blue chip clients and is the only industry competitor with the ability to meet orders of large quantities of guardrail required by major construction companies and residential home builders.

SLM was engaged by the Company’s shareholders to act as its exclusive financial adviser in this transaction. SLM’s role included:

• Identifying exit options for the retiring shareholders;
• Preparing a detailed information memorandum and accompanying materials;
• Researching, identifying and targeting suitable acquirers
• Conducting a competitive tender process;
• Coordinating and managing the due diligence process;
• Negotiating the transaction details on behalf of the vendors;
• Coordinating the preparation and negotiation of legal documentation;
• Managing the entire transaction through to completion.

To enquire further about SLM’s role in this transaction and SLM’s experience in business sales, please contact:

Barry Lewin
Managing Director
Ph: 03 9629 4411
Email: barry.lewin@slmcorporate.com.au