H B Smith Limited
SBG Advisory originated and led the acquisition of this public listed company.
We established a rapport with National Mutual Trustees, the majority shareholder and secured exclusive authority to perform due diligence. Our work included financial analysis, examination of infrastructure needs (buildings and process equipment), review of management structure, identification of business process improvements, capital requirements, and associated financial modelling. We negotiated supply agreements with Australian wool growers and futures contracts with China entities for export to China.
We enlisted the support of the existing management team, securing their allegiance to the acquisition and redevelopment strategy.
Finance was sought through a China investor with future supply contracts negotiated with a China local government securing an MoU reflecting their interest in sourcing scoured Australian wool to supply to their growing number of spinning mills in its Provence. The company was subsequently purchased and the redevelopment strategy was implemented.
The company continues to operate successfully.