Latest News

Best and Less Group completes successful IPO, exceeds FY21 prospectus forecasts

Leading value apparel specialty retailer Best & Less Group Holdings Limited (BLG or the Company) lists on the ASX today, following a successful initial public offering (IPO) of its shares which raised $60 million at $2.16 per share.

To read the full ASX announcement click here.

Christine Holgate to Lead Toll Global Express

Allegro Funds is pleased to announce the appointment of Christine Holgate as future Group Chief Executive Officer of Global Express. Ms Holgate will lead the transformation strategy for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.

Read full press release

 

Allegro Fund III – Acquisition of Toll Global Express

Allegro Funds has reached an agreement to acquire Toll Global Express business.

Allegro has obtained $500 million in funding to complete the separation and transformation of the business. Allegro believes that Toll Global Express’ people and its assets can deliver strong growth in the future. This business has a crucial role to play as an enabler for e-commerce which will underpin the economic recovery of Australia and New Zealand post COVID-19.

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Allegro Autumn Newsletter

ALLEGRO NEWS: Autumn edition
Chester and Adrian

Welcome to the Autumn edition of our Allegro 2021 newsletter. It’s been a busy start to the year. Our first completely virtual Annual General Meeting (AGM) was held on the 2nd of March. We have two deals in the advanced stages of review. We completed the sale of Ngahuia Group Ltd (Ngahuia) to the management buyout team, resulting in a distribution to our Fund III investors. This is in addition to a distribution paid to investors earlier in the year from one of our portfolio companies. Finally, we continue to progress the Best & Less Group (BLG) towards an exit this year.

Read full newsletter > >

Allegro Funds Sells Investment in Ngahuia Group

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.

Read more

 

Pizza Hut Announcement

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.