CHAMP is one of Australia’s most experienced private equity managers having first raised institutional capital more than 30 years ago. Since that time CHAMP has made more than 100 investments and deployed more than $3.7 billion in equity capital. They have one of the largest dedicated investment teams in the region and are currently investing the CHAMP IV Funds. CHAMP’s overarching investment objective is to create value in its portfolio by identifying outstanding opportunities and partnering with high-quality management teams to realise a company’s growth potential. In doing so CHAMP drives value creation for all stakeholders – from its investors and management teams, to the employees and customers of investee companies. CHAMP has a team of experienced investment professionals and generally dedicates two or three members of this team to work on any given investment opportunity. These same professionals will work closely with the investee company, from the initial due diligence investigations and during CHAMP’s ownership period right through to our eventual exit. This ensures a high level of consistency in our communication with, and governance of, investee companies and the consolidation of deep relationships between management and CHAMP. In the majority of the exited investments, and where they have been able to participate, management have both remained with the company and have retained a substantial portion of their equity stake. When CHAMP acquires an investee company, its executives invest their own money alongside that of the Limited Partners in the CHAMP Fund and encourage management to do likewise. CHAMP has seen that when management hold a meaningful equity investment in a company they tend to act more like long term owners than short term managers and are incentivised to make decisions that enhance the company’s value into the long term. At the time when an investee company has achieved the objectives established at the time of CHAMP’s original investment, members of the CHAMP investment team liaise with management to determine the most appropriate mechanism for CHAMP to exit its investment. There is a range of alternative exit mechanisms available, including an initial public offering, sale to a trade buyer or sale to another financial buyer, with the preferred method being decided after detailed consideration of the nature of the company and its market, managements’ preference as to future ownership and valuation metrics. |
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