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Latest Davidson Group News
Oct 21, 2021
Share Ord Minnett has mailed out flyers for privately owned Davidson Group, whose clients include bluechip companies like John Holland, NAB and Queensland Rail. The Queensland-headquartered firm has a roster of 561 clients across its three main lines of the business: technology consulting and recruitment, executive search and advisory, and recruitment solutions. Privately owned Davidson Group is looking for a private equity buyer. Jim Jurca It is expecting $207 million revenue and $10.4 million in EBIT for the 2022 financial year, according to the flyer. Its EBIT has grown at 18.5 per cent CAGR over the last two odd years. The company is understood to be looking for a growth-minded private equity investor to take a stake in the business. The flyer, aimed at drumming up interest in the company, told potential investors to think of Davidson as a business that is growing organically, with 203 new clients in the 2021 financial year, and long-standing bluechip names like John Holland, NAB, Smart Service Queensland and Queensland Rail, who each have 10-year-plus relationships with Davidson. Advertisement The company also has strong gross margins at 48.9 per cent for its technology division, 31.9 per cent for the search and advisory unit and 19.2 per cent for recruitment solutions, the flyer said. The auction process is understood to be in the indicative bids round, and Ords is understood to be calling for offers in the coming fortnight. It’s not the first time PE firms have taken a look at the business. The 30-year old company is majority owned by Bruce and Rob Davidson, who are still heavily involved, and it’s no secret PE firms generally love the chance to look inside a family-owned and run business. Get a first look at tomorrow's headlines Sign up to the Street Talk First Look newsletter
Davidson Group Investments
Davidson Group has made 2 investments. Their latest investment was in CommonGrounds Workspace as part of their Series A - II on September 9, 2019.
Davidson Group Investments Activity
Series A - II
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