Current Fund Investment
Norfolk Group
- Strategic Stake and Growth
| Key Investment Details | |
|---|---|
| Sector | Industrial Services |
| Geography | Australia & NZ |
| When | May – July 2009 |
| Fund share of company | ~20% |
| Website | http://www.norfolkgl.com |
Business overview:
Norfolk Group is an ASX listed provider of integrated electrical, telecommunications, rail signalling and HVAC (heating ventilation and air conditioning) services in Australia, New Zealand and India.
The Group comprises 20 companies, including O’Donnell Griffin, the No. 1 or No. 2 electrical reticulator in Australia, and Haden, the No. 2 HVAC service business in Australia. These businesses service a wide variety of customers in government, mining, rail, power, water, agricultural and commercial building businesses.
INVESTMENT overview:
Strategic ~20% stake in ASX listed Norfolk Group, making the Fund the largest individual shareholder.
Investment HIGHLIGHTS:
- Business includes the No. 1 or 2 electrical reticulator and the No. 2 HVAC service business in Australia;
- Exposure to the Australian resources and infrastructure sectors;
- Organic and acquisition growth potential.
More information on Norfolk can be found here.
Investments
