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Silk Contract Logistics

silklogistics.com.au

Stage

Private Equity | Alive

About Silk Contract Logistics

Silk Contract Logistics is an operator of warehousing and distribution networks. The company's services offer warehousing, distribution, facilities management, cross-docking, and wharf cartage.

Headquarters Location

676 Kororoit Creek Road

Altona North, Victoria, 3025,

Australia

03 9281 6900

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Latest Silk Contract Logistics News

$310m-a-year Silk Contract Logistics taps two brokers for IPO

Mar 30, 2021

Share Silk Contract Logistics notched $251 million consolidated revenue in the 2020 fiscal year. Street Talk understands Victorian-headquartered integrated logistics business Silk Contract Logistics has tapped brokers Morgans and Shaw and Partners to prepare it for life on the local bourse. Sources told this column the two brokers had launched a non-deal roadshow this week to introduce Silk and its management team to fund managers, ahead of a run at the ASX before June. Silk was being pitched to funds as a port-to-door logistics solution, which can take freight off big cargo ships, store it in warehouses and then distribute it. The group notched $251 million consolidated revenue in the 2020 fiscal year compared to $195 million in fiscal 2019, according to accounts lodged with the corporate regulator. Advertisement Funds were told that revenue figure was forecast to hit $310 million in the 12 months to June 30 this year, while earnings before interest and tax was pegged at $17.8 million. Silk is expected to seek to raise $100 million for its IPO. It is understood chief executive officer Brendan Boyd and chief customer officer John Sood owned about half of Silk but were not planning on selling down their stakes in the IPO. Silk and its brokers planned to get a pathfinder prospectus to cornerstone investors around the end of April/early May, and would launch the deal more broadly once cornerstone support had been locked in. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter . Email Anthony at a.macdonald@afr.com Tim Boyd is a journalist based in Sydney who writes for the Street Talk column. Connect with Tim on Twitter . Email Tim at tim.boyd@afr.com Save

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Silk Contract Logistics Frequently Asked Questions (FAQ)

  • Where is Silk Contract Logistics's headquarters?

    Silk Contract Logistics's headquarters is located at 676 Kororoit Creek Road, Altona North.

  • What is Silk Contract Logistics's latest funding round?

    Silk Contract Logistics's latest funding round is Private Equity.

  • Who are the investors of Silk Contract Logistics?

    Investors of Silk Contract Logistics include Gandel Invest.

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