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
Altech Chemicals Ltd (ASX:ATC) Initiates Listed Green Bond Project Funding Option
Perth, Australia, Aug 20, 2020 – (ABN Newswire) – Altech Chemicals Limited (ASX:ATC) (HAM:A3Y) is pleased to announce that it has initiated a listed green bond project funding option. The Company has mandated Bluemount Capital (WA) Pty Ltd (Bluemount), which will work in conjunction with its London based partner Bedford Row Capital (Bedford), as structuring agent, to prepare a Bond Structuring and Execution Plan for an offering of asset-backed (second lien) listed “green” bonds to the European bond market.
Continue readingBlueMount 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 Secures Funding for Velocity Property Group (ASX: VP7)
Velocity Property Group’s (Velocity) corporate advisor BlueMount Capital (QLD) Pty Ltd (BlueMount) has assisted with the origination and investment structuring of the recent transaction by 360 Capital entities.
The transaction comprises multiple components, strategies and capital funding sources to reposition Velocity to become a high growth developer of predominantly owner occupier product in south-east Queensland. The transaction value exceeds $10m.
BlueMount’s Managing Director, Dr Mark Rainbird, states “I am delighted to announce that we have assisted with the structuring of the transaction to support Velocity and it’s growth via this cornerstone investment”.
BlueMount Capital worked closely to devise an investment banking initiative to re-capitlize for future growth while engaging discussions with global and local strategic institutional partners.
About Velocity Property Group
Velocity Property Group was established by Managing Director Brendon Ansell and listed on the Australian Stock Exchange (ASX: VP7) in 2017. Velocity Property Group creates luxury, multi-unit developments in south-east Queensland that are specifically designed for the owner-occupier, empty-nester market and mixed use / commercial developments that enhance local communities.
About BlueMount Capital
BlueMount Capital is an Australia based investment firm 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. For more information please email brisbane@bluemountcapital.com or phone +61 7 3160 2840.
Dr Mark Rainbird
Managing Director,
BlueMount Capital
BlueMount Capital Appointed as Corporate Advisor by Medcan Group Pty Ltd
BlueMount Capital is pleased to advise that we have been appointed as an exclusive Corporate Advisor to the Medcan Group Pty Ltd.
Founded in Australia in 2016, Medcan is a medicinal cannabis cultivation, production, research and manufacturing company aiming to apply state of the art technologies to produce medicinal cannabis and associated medicinal cannabis products. The Company holds the full suite of licences issued by the Australian Office of Drug Control (ODC) and holds the relevant State and Biosecurity licences to allow the execution of Medcan’s business plan. The Company is planning to expand its current import and distribution business and the commissioning of its manufacturing facility.
Key Highlights:
- Medcan plans to become a complete ‘seed to sale’ facility;
- The Company has existing import and distribution operations;
- Medcan is amongst a handful of Australia companies holding the entire suite of Australian Office of Drug Control (ODC) licences:
- Cannabis Research Licence;
- Medicinal Cannabis Cultivation and Production Licence;
- Manufacture Licence;
- Import & Export Licences;
- Medcan also holds the following State and Biosecurity licences:
- Queensland Poisons Licence;
- Queensland Wholesaling Licence;
- DAWR Permit
- The planned Medcan facility fit out has both DA & BA (Local Council) approval;
- Medcan’s Cannabis Research and Development centre has been constructed and inspected by the Australian Office of Drug Control (ODC – awaiting final permit approval);
- The Company holds signed offtake agreements for over 65% of production for an approx. value of up to $25m with further offtake agreements in the pipeline;
- Medcan has also signed manufacturing agreements with other cultivators who intend to use Medcan to process and manufacture their end products.
Market:
- The Australian Medicinal Cannabis market is forecast to grow from $52m in 2018 to $1.2B in 2027.
- The global legal marijuana market is expected to reach US$66.3B by the end of 2025 and is anticipated to grow at 23.9% over the period.
BlueMount Capital will strategically assist Medcan with corporate and capital raising advice. For more information please click here or contact us.
Dr Mark Rainbird
Managing Director
BlueMount Capital
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
BlueMount Capital Secures Expansion Funding for Elite Military Fitness
I am delighted to announce that we have secured AUD $3.5 million in expansion debt financing for Elite Military Fitness (EMF), a leading Gold Coast based fitness and performance group.
EMF has built a chain of fitness and performance centres focused on providing the affordability of a small 24-hour gym, the personal service of a health club and the amenities and equipment of an elite training facility. EMF’s fitness centres were created to bring a more professional and personalised service to the community without the added expense. The Company’s aim is to offer a complete fitness model to the general population; a facility that caters for everyone’s needs without overcrowding and limited equipment.
The funds will be used to expand the group’s footprint, incorporating new centres, as well as providing equipment finance. The funding includes a range of business facilities such as loans, equipment finance, credit cards and a bank guarantee.
BlueMount Capital worked closely with the new funder and the client to secure the facilities, managing the approach to the market, providing financial modelling to support the transaction and negotiating with the financier, plus assisting with closing the transaction. The facilities provided, include flexible covenants for future growth while providing competitive interest rates on all the products offered. The funding is expected to assist in meeting the groups rapid expansion plans.
EMF co-founder Scott Freeman states “BlueMount Capital has been paramount in EMF realising our dream to delivering affordable and innovative health and fitness solutions to the greater Australian community. Their assistance has helped us create our new Nerang Performance and Recovery Centre and will be assisting us with our venture in our North Lakes venue later in 2019. The future for EMF is only looking brighter.”
About BlueMount Capital
BlueMount Capital is an Australia based investment firm 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. For more information please email brisbane@bluemountcapital.com or phone +61 7 3160 2840.
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