Investment use:  Management Buyout

Overview: Australia’s largest owner and lessor of Phonewords (subset of smartnumbers, i.e 13, 1300, 1800 telephone numbers)  

Why we invested: 1300 Australia is a market leader with 95% market share. A highly cash generative business with predictable recurring revenues and a history of paying out consistent dividends. In addition, the management team were open to leverage, which was favourable for returns.

Why 1300 Australia chose us: 1300 Australia chose an investment partner with expertise and strength in capital markets and M&A experience, which is crucial for executing short- to medium-term goals post transaction. We were able to put forward a competitive offer and fair structure for existing shareholders to realise the value of their shareholding.

Aura Group Funds have a minimum investment of A$500,000, however, investments of $100,000 and above will be considered. Each Unit must be on issue for one month before it is eligible for redemption. A Unit on issue for less than one month is called a Redemption Locked Unit.

The following fees apply: 

• Management Fees: 1.25% p.a. plus ordinary Fund expenses
• Performance Fees: 20% of returns in excess of the benchmark.
  

Fees show are exclusive of GST.

RBA Cash Rate + 5.0% p.a.