Allegro is pleased to announce that Allegro Fund III has completed the sale of its investment in Ngahuia Group Ltd (“Ngahuia”) to Tahua Partners (“Tahua”). Tahua is part owned by Ngahuia’s minority shareholders and CEO, Roger Harper and former co-CEO, John Elliott.
Last month, one of our key portfolio companies, Pizza Hut Australia was widely featured across The Sydney Morning Herald and The Age celebrating its latest move into service stations.
Allegro and Pizza Hut Australia announced that it had partnered with Euro Garages Australia and opened its second Pizza Hut kiosk in a Liverpool based service station in New South Wales, with a third planned to open in early 2021. The move was part of the initial transformation strategy to return Pizza Hut Australia back to the number one position. To read more about the story visit the article on The Age here.
Pizza Hut and Allegro also featured in Switzer Daily, QSR Media and Executive Franchise Business publications too.
10 Essential tips from one of Australia’s most experienced distressed business investors
Adrian Loader, Founding Partner, Allegro Funds
What an amazing two months it has been. The world imploded and by mid-March many insolvency practitioners thought there was going to be a wave of insolvencies starting in April. This did not occur because the government changed the insolvency laws and pumped the economy with over $200 billion.
Consequently, the immediate insolvency crisis has been replaced by a liquidity crisis that will face many Australian businesses over the next six months.
Many practitioners will have clients who will need to address this liquidity problem and will seek to raise capital from a private equity sponsor.
We are proud to announce that earlier this month Allegro was awarded the Australian Investment Council 2019 Award for Leadership in Diversity & Inclusion. The Leadership in Diversity and Inclusion Award recognises those private capital investment firms whose diverse range of people within their organisation includes a wide range of backgrounds that encompasses different skills, talents and perspectives. It also recognises those firms who celebrate inclusive workplace environments that promote individual differences, embrace team strengths and provide initiatives and opportunities for all team members to fulfil their potential.
Allegro are proud to accept this award, which recognises how we, as a firm, celebrate diversity and inclusion in our workplace. We see the positive impact that such a diverse and inclusive culture has had on our own decision making, relationships, operations, financial performance and the experiences with our stakeholders. We value inclusiveness and diversity as we continue to strive to building better businesses, contribute to job creation and drive future growth. These are key values which reside not only within Allegro’s ethos, but also in how we approach investment opportunities, navigate rebuilding great businesses and developing specialised talent through transformational capital.
We thank the Australian Investment Council for this award and congratulate the other outstanding firms across the private capital sector.
Allegro Fund III has has agreed terms to make a significant investment in Western Australia’s largest diagnostic imaging provider, Perth Radiological Clinic (PRC), in partnership with the existing doctors.
The partnership was established in 1948 and PRC is Australia’s largest private partner radiology business with more than 80 doctors (partners and employed associates). The business will continue to operate via the partnership and service entity that services hospitals (public and private), specialist centres and suburban clinics and will retain majority ownership by the doctors. Read more
Allegro Fund III has finalised its latest investment by acquiring a stake in Australian industrial firm Questas, partnering with the company owner to jointly grow the business.
Established in 1996, Questas comprises a group of associated companies operating through a national branch network to provide hydraulic, irrigation, pump and engine solutions to the mining, construction, agricultural and general industrial sectors. Read more
