Hawkesbridge Private Equity manages over $200 million in private equity funds for institutional investors. Hawkesbridge invests in management buyout and expansion capital opportunities.
Partial exit of Yilgarn Infrastructure Ltd
25 November 2008
Hawkesbridge Private Equity is pleased to advise that it has achieved a partial exit of its investment in Yilgarn Infrastructure Ltd. Hawkesbridge invested in Yilgarn in March 2007 and has to date achieved a realised IRR of 33% and a cash multiple of 1.5x. Hawkesbridge hopes to receive further upside through its continued significant shareholding in Yilgarn as well as through a call option agreement to invest a further $8m in the company.
Yilgarn is an infrastructure services business, looking to develop rail and port infrastructure projects in Western Australia. Yilgarn is backed by several of China's largest infrastructure providers and steel manufacturing companies.
