Ross McDowall
International Stock Exchange Listing – Alternatives for US companies
In the past five years there has been a marked increase in the number of international companies listing on the Australian Securities Exchange (ASX). Why is this happening? What are the thought processes and market dynamics that attracted these companies to list on the ASX? Where these companies are U.S. based, what were the factors that stimulated them to look outside their home capital markets? Are the experiences of these companies relevant to your own capital raising considerations? Continue reading
IPO in the United States? Remember, size matters!
Is your company large enough to IPO in the United States (U.S.)?
You know that when choosing a listing location three things should be considered
(1) the actual out-of-pocket costs for establishing and maintaining the listing;
(2) the effects of a listing location on your company’s valuation and liquidity; and
(3) the non-financial costs and benefits that are available in a particular listing location. Continue reading
BlueMount Capital Opens Los Angeles USA Office – Focus on Listing US Tech Firms on ASX
Sydney, Australia. BlueMount Capital, an ASIC licensed, mid-tier, global investment banking and corporate advisory group headquartered in Australia has today opened an office in Los Angeles and appointed Alex Chen as our representative there.
Alex has over 25 years’ experience in the financial services sector. He has served as CFO for both public and private companies in Australia, Hong Kong, China and the United States and as CEO across a wide spectrum of industries. He specializes in the Pacific Region with a focus in USA IPO’s, where he has significant experience. He is a CPA with a Bachelor of Commerce from Victoria University in Australia and is licensed as a USA investment banker. Alex is bilingual and fluent in English and Mandarin. Continue reading
BlueMount Capital Group Update on COVID-19
The BlueMount Capital Group advises, in conjunction with the unfolding national and international responses to contain the spread of the virus SARS-CoV-2 and COVID-19 disease, many of our Directors and staff have responsibly chosen to work remotely. Continue reading
Social Islami Bank Limited engages Australia-based BlueMount Capital for issuing an international sukuk
Social Islami Bank Limited and Australia based Investment Bank BlueMount Capital signed a Mandate Agreement on 15th March 2020 at the Head Office of SIBL. Under the scope of the Agreement, BlueMount Capital will act as the International Lead Manager in placing an international sukuk for USD 75 million for SIBL within the regulatory framework of Bangladesh. Mr. Quazi Osman Ali, Managing Director & CEO, and other high officials from SlBL were present at the signing ceremony. Local representatives of BlueMount Capital exchanged the Agreement on behalf of their organization.
BlueMount Capital is the International Lead Manager for the issuance of a US$75 million Sukuk by Social Islami Bank Limited (“SIBL” or the “Bank”) in international markets.
The funds raised under the Sukuk will be used by SIBL to comply with the capital adequacy requirements of Basel III and for working capital purposes.
About Social Islami Bank Limited
SIBL is a commercial bank in Bangladesh listed on the Dhaka Stock Exchange. The Bank was founded in 1995 and operates on Shariah Principles. SIBL has more than 3,300 employees and operates 161 branches and 27 sub-branches that are complemented by 115 Agent Banking outlets. The Bank’s mission is to become the Country’s most humanitarian, full-service bank that builds solid, long term business relationships with its customers and helps them with their banking needs. The Bank’s social and economic objectives are to create a caring society and to help eradicate poverty and to empower families.
SIBL has experienced good growth in business with deposits increasing from US$527.7 million in 2010 to $2.92 billion in 2018, whilst investments grew from $431.5 million to $2.8 billion over the same time. The business growth is reflected in growth in operating profits and net profit after tax. The Bank has a Moody’s credit rating of Long Term B1 and Short-Term NP, Stable.
BlueMount Capital appointed Lead Manager for the proposed Sun Property Group Australia Limited’s IPO on the Australian Securities Exchange
BlueMount Capital is pleased to advise that we have been appointed Lead Manager for Sun Property Group Australia Limited, to list the Company on the Australian Securities Exchange (ASX) via an IPO aimed at mid-2020.
Founded in 2013, Sun Property is an Australian boutique property development company with a focus on developing high-end, small-scale, customer-driven residential and mixed-use spaces across Sydney’s Lower North Shore. Sun Property’s developments are recognisable for their individualised architectural design, high-end finishes and flexible spaces that are designed to a unique extent around the individual specifications of customers.
Sun Property has successfully completed 4 developments and is currently engaged in 4 projects at Neutral Bay, Balgowlah, Lane Cove and Crows Nest, which are in various stages of development.
Sun Property plans to identify further property development projects around Sydney’s Lower North Shore, one of the most sought after premium locations in Sydney. At the same time, it will carefully consider the merits of pursuing opportunities in other areas with profiles equivalent to Sydney’s Lower North Shore.
For more information please email our Sydney office at sydney@bluemountcapital.com
BlueMount Capital appointed Lead Manager for TrekAce Technologies Ltd’s IPO on the Australian Securities Exchange
BlueMount Capital is pleased to advise that we have been appointed Lead Manager for TrekAce Technologies Ltd of Israel, to list the Company on the Australian Securities Exchange (ASX) via an IPO aimed at late 2019.
TrekAce Technologies’ patented technologies give militaries, athletes, gamers and adventurers wearable devices and applications that facilitate tactile communication. Its six-pointed wriststrap navigator directs the wearer in real time, with vibration and sound notifications. It includes a screen that displays various metrics including temperature, azimuth, direction, elevation, route, and speed. The device connects to the wearer’s smartphone with Bluetooth Low Energy (BLE).
The technology offers navigation and group-management apps, as well as a structured API for third-party developers. The API enables them to implement tactile functionalities in their app UXs, making apps relevant and applicable to fields they presently fail to address (e.g. gaming, biometrics, navigation, sports performance, messaging, and C2). The Company provides militaries a complete & unique tactile solution for navigation and situational awareness.
TrekAce Technologies is currently generating revenues and profits, and it is expected that sales will be significantly grown by the time of the IPO.
For more information please email our Sydney office at sydney@bluemountcapital.com
Go Geo And RDA South West Investment Framework Partnership
The private and public sectors are coming together to boost investment in South West Western Australia
Regional Development Australia – South West Chairman Duncan Anderson announced that Go Geo Ltd and RDA SW will work together to produce a South West Regional Investment Framework.
Go Geo, alongside BlueMount Capital, are establishing the South West Managed Investment Fund. BlueMount is a member of the International Association of Investment Bankers, and the new fund will be a cornerstone investor in qualified companies and projects that have a positive impact on the region’s economy.
Mr Anderson said: “We have been grappling with how to bring the South West Blueprint to life. The federal government and the state government have already done the heavy lifting, we now need to embrace and support private funds”
In partnership with Go Geo, RDA South West are developing a regional investment framework. That framework is designed to bridge the gap between government planning priorities and the world of private equity.
The framework is determined in alignment with the Blueprint. Priority opportunities will be determined by an advisory group of initiators providing expertise in industry and sub sectors as required.
General Manager of Go Geo, Emma Nesbitt said: “The need for this framework came out of a growing interest, for businesses and industry to invest in both new and existing projects. This provides the vehicle.”
Mr Anderson said: “It’s a marvellous opportunity for our region. There are not many regions nationally that successfully bridge the gap between private and public planning.”
By using a framework that operates at the public and private level, the region can take best advantage of its opportunities and nurture some excitement.
Ms Nesbitt said: “In order to entertain the idea of external equity entering our region, and to facilitate such discussions, we need to ensure due diligence and sound governance. Through this process and the framework, we enable the region to retain control over planning measures whilst using progressive and modern influences to entice excitement, development and funding, which in turn broadens external markets and creates new jobs.”
The next step is the establishment of an independent body to oversee the investment fund, which will come to fruition over the coming few weeks.
Media contact: Emma Nesbitt. e: emma@gogeo.com.au m: 0406 056 926.
Media contact: Charles Jenkinson e: eo@rdasouthwest.com.au m: 0434 641 111
Bangladesh Infrastructure Finance Fund Limited and BlueMount Capital execute Memorandum of Understanding (MOU)
- Bangladesh Infrastructure Finance Fund Limited and BlueMount Capital execute Memorandum of Understanding (MOU) to cooperate
- The MOU sets out the basis for collaboration to secure international finance and investments for selected infrastructure and green technology projects
- The Parties will target several major projects for international financing
Bangladesh Infrastructure Finance Fund Limited (BIFFL), one of the major government-owned non-bank financial institutions focused largely on infrastructure projects and BlueMount Capital, an Australian-headquartered corporate finance house signed an MOU to collaborate on international financing of infrastructure and green projects in Bangladesh.
Bangladesh’s GDP has grown at a rate of 7% per annum for the past 10 years and the country has enormous infrastructure financing requirement to meet its goal of becoming a middle-income country by 2021 and achieving Sustainable Development Goals (SDG) by 2030.
BIFFL has already financed 40 projects in Bangladesh and have a robust project pipeline at different stages of development.
Traditionally, Bangladesh has utilised soft-loan funds from the Asian Development Bank, World Bank and similar international finance institutions.
Under the MOU, BlueMount Capital will work with BIFFL on corporate and commercial investment and financing channels.
The Parties will cooperate to secure support from the Bangladesh Government for guarantees and appropriate incentives, in applicable cases, to attract international investment.
“We are pleased with this initiative to broaden our inbound investment channels with an international corporate finance house such as BlueMount Capital,” said the Executive Director and CEO of BIFFL Mr S.M. Formanul Islam.
“Bangladesh has several attractive infrastructure and energy projects ranging in scale and stages of development,
“We have more than US$ 2 billion of investment and financing opportunities for infrastructure and energy projects” said Mr Islam.
BlueMount Capital Chairman Dr Saliba Sassine said the group is looking forward to working closely with BIFFL and to promoting investment opportunities to international investment houses focused on emerging markets or energy and infrastructure opportunities.
“Bangladesh location makes it a strategic bridge between South Asia and South East Asia,” said Dr Sassine.
“Combined this with strong growth over the past decade, a liberal and multi-party system of government and a good mix of skills and education among its workforce, Bangladesh is well poised to become a strong Tiger Economy.”
BIFFL and BlueMount aim to action their efforts in early 2019 with a selection of opportunities.
Contact Details
Bangladesh Infrastructure Finance Fund Limited
Mr S.M. Formanul Islam Executive Director & CEO
Cell: +88 – 01841655300
Dir: +8802- 9352688
Email: ceo@biffl.org.bd
BlueMount Capital (WA) Pty Ltd
Dr Saliba Sassine
Group Chairman
Cell: +61 (0)412 533 966
Email: saliba.sassine@bluemountcapital.com
About BIFFL
Bangladesh Infrastructure Finance Fund Limited is one of the major government-owned non-bank financial institutions focused largely on infrastructure projects and has finance 40 major infrastructure and energy projects in Bangladesh
About BlueMount Capital
BlueMount Capital is an Australia national investment bank and corporate finance group assisting and advising corporate clients on listing on the ASX, M&A, private placements, cross border transactions and the raising of capital from the equity and debt markets.
BlueMount Capital Sydney Launches Debt Funding For Property Developers
BlueMount Capital Sydney has partnered with a leading private non-bank lender with a capital pool of $1.3B for commercial property developers that specialises in loans from $1M to $200M.
In 2017 the lender settled $1.8B in loans and looks set to exceed $2B in the financial year to June 2018. Developments can be both residential or commercial in any state with a preference for capital cities or larger regional centres.
Loans are available for property developers for the following types of projects;
- Bridging finance
- Construction finance
- Commercial Property purchases and refinance
- Residential Property where the funds are used for commercial purposes
- Land Banking for developers
- Development Sites
Rates start from 6.5% plus line & establishment fees.
Initial Documentation Required
- Overview of the project with key metrics summarised
- Valuation if available. An old report will suffice. If a valuation is not available, please provide the address and estimated value.
- Copy of the contract of sale (if acquisition).
- Details (lender and outstanding balance) of any mortgages currently on the property.
- Feasibility study for the project – for a construction loan only
- Level of presales achieved to date. – for a construction loan only
For more information or to make an application contact Ross McDowall in the Sydney office.