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Acquisition of Crimsafe

Oceania Capital Partners Limited (ASX: OCP) is delighted to announce that a 97% held subsidiary of OCP (“OCP Sub”) has entered into an agreement to acquire 100% of the Crimsafe group of entities (“Crimsafe”) from the founders of Crimsafe, Steve Brabeck and Peter Bouma.

Since launching in Australia 20 years ago, Crimsafe has established itself as the leading supplier of security screens and components in Australia. The national strength of the Crimsafe brand is unmatched in Australia, the business has a high quality exclusive network of 120 licensees that represent it nationally. Crimsafe has also established an operation in North America and is excited about growth prospects in this market. During its financial year ending 30 June 2014 Crimsafe generated unaudited pro-forma revenue of $33.8 million and EBITDA of $4.9 million. The purchase price values the Crimsafe business at $30 million.

Michael Jacobson – OCP Executive – said “We are delighted to be associated with a business of the calibre of Crimsafe. Through its extensive network of professional licencees and branding Crimsafe has positioned itself as the leading supplier of security screens and components in Australia.  In addition, independent testing conducted by the University of New South Wales has verified that Crimsafe’s products are the strongest available in its product category. Crimsafe has very experienced management in place who, together with their dedicated team of staff, have a history of delivering excellence. We are very excited about the future growth prospects of the business”.

Steve Brabeck and Peter Bouma – founders of Crimsafe – said “Having built the business up over the last 20 years, we are pleased to hand the stewardship of Crimsafe over to Oceania Capital Partners. We wish the business and all of its stakeholders well in the future and are confident it will go from strength to strength”.

Ken Millard – Crimsafe Chief Executive Officer – said: “I am excited by the prospect of working with the new shareholders to build on Crimsafe’s success and to continue to deliver excellence in all we do”.

Acquisition of 50% interest in Cohort

Oceania Capital Partners Limited (ASX: OCP) is pleased to announce that OCP, via a 100% held subsidiary, has entered into an agreement to acquire a 50% shareholding in Cohort Holdings Australia Pty Ltd (“Cohort”) from the founders, Marcelo Ulvert and Malcolm Treanor. The remaining 50% of Cohort will continue to be held by its founders.

Cohort is a leading smart data and digital marketing business, which provides high quality and innovative lead generation solutions for both advertisers and publishers.

Since launching in Australia in 2008, Cohort has experienced rapid growth and deep market penetration, generating an average year-on-year revenue growth rate of 87%. Cohort recently expanded its presence into the UK/Europe market with an office in London on the back of significant global client wins and cross-market opportunities with existing Australian global clients.

Co-Founder and CEO of Cohort, Marcelo Ulvert said: “We’re really excited to partner with OCP in the future of Cohort. The partnership between OCP and Cohort’s founders will enable the business to leverage significant financial, strategic and management strengths to take the business to the next stage of its evolution.”

 

Annual Report 2014

AR 2014

Annual Report 2013

Annual Report 2013

First acquisition for Eon Broadcasting Pty Ltd

Eon Broadcasting Pty Ltd acquires Sunshine Coast Broadcasters Pty Ltd from Southern Cross Austereo

31 December 2012 Half Year Results

Half year results 31 December 2012