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Investments

1

Portfolio Exits

1

About Goldman Sachs JBWere

Provider of financial services offering a wide range of investment, advisory, financing, securities, execution, asset and wealth management services to corporations, financial institutions, governments and high net worth individuals. The company prefers clients located in Australasia.

Goldman Sachs JBWere Headquarter Location

Governor Phillip Tower, Level 42 1 Farrer Place

Sydney, New South Wales, 2000,

Australia

61 2 9321 8533

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Latest Goldman Sachs JBWere News

Platinum Equity’s global labels group peels off Mercury’s Hexagon

Jun 30, 2021

Share Private equity firm Mercury Capital is set to print a 10-bagger at its Australasian labels business Hexagon. Street Talk can reveal Mercury Capital has signed a $NZ410 million ($381 million) deal to sell Hexagon to global heavyweight Multi-Color Corporation, which is the world’s biggest labelling company, marking the end of a hugely profitable investment. $NZ50 million a year Hexagon has been sold to global heavyweight Multi-Color Corporation, the world’s biggest largest specialist labelling company,  AFR Mercury Capital started with an idea to create a label printing roll-up seven years ago. That idea kicked off in earnest with about $NZ1 million a year in earnings, and this year is expected to make about $NZ50 million. Along the way, it added half a dozen businesses including Kiwi Labels, Rapid Labels, Hally Labels and Adhesif Labels, to get to the stage where Hexagon had eight production facilities and about 500 staff. It is understood Goldman Sachs-advised Mercury Capital signed the deal to sell Hexagon in the past week. , Advertisement MCC, the buyer, is big and intent on getting bigger, having also agreed terms to acquire Melbourne-based label manufacturer Herrods in March, as part of a push into the Asia Pacific region. Herrods was pitched as the leading provider of in-mold labels in Australia and New Zealand. Turbocharge Asia-Pac growth The much bigger Hexagon is expected to seriously ramp up that Asia Pacific push. MCC is owned by global private equity bigwig Platinum Equity, which is best known in Australia for taking on Telstra’s Sensis and recently bid for Toll’s troubled global express business. Mercury Capital’s investors can expect a juicy payday. It is understood the firm run by Clark Perkins, the man with the golden touch who Goldman Sachs’ top bankers would have invest their money when he was running Goldman Sachs JBWere’s merchant banking arm, invested in Hexagon via its $120 million Fund 1 and $300 million Fund 2. Investor sources said Fund 1 investors owned 33 per cent of Hexagon, while fund two had a 37 per cent stake. The early vintage’s investors are said to be looking at a 10-times plus multiple of money, while Fund 2’s is more than five times. It’s another coup for Mercury Capital, only three weeks after the group sold its SMS marketing technology compa ny MessageMedia to Swedish rival Sinch for $1.7 billion. The sale comes three years after Mercury Capital had Goldman bankers shopping the labels business to potential buyers . It ended up retaining the business, and has patiently waited for its exit since. The deal is also understood to mark the final exit for investors in Mercury Capital’s Fund 1. Other assets in the portfolio included Estia Health (now listed), Novotech (in TPG Capital’s hands) and animal hospitals group Vetwest. Mercury Capital is run by Clark Perkins, the man with the golden touch who Goldman Sachs’ top bankers would have invest their money when he was running Goldman Sachs JBWere’s merchant banking arm. AFR

Goldman Sachs JBWere Investments

1 Investments

Goldman Sachs JBWere has made 1 investments. Their latest investment was in Hirepool as part of their Private Equity on July 7, 2003.

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Goldman Sachs JBWere Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/30/2003

Private Equity

Hirepool

Yes

Undisclosed Investors

1

Date

7/30/2003

Round

Private Equity

Company

Hirepool

Amount

New?

Yes

Co-Investors

Undisclosed Investors

Sources

1

Goldman Sachs JBWere Portfolio Exits

1 Portfolio Exit

Goldman Sachs JBWere has 1 portfolio exit. Their latest portfolio exit was Hirepool on July 06, 2006.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/6/2006

Leveraged Buyout

Undisclosed Investors

1

Date

7/6/2006

Exit

Leveraged Buyout

Companies

Valuation

Acquirer

Undisclosed Investors

Sources

1

Goldman Sachs JBWere Team

2 Team Members

Goldman Sachs JBWere has 2 team members, including current Chief Financial Officer, Sean Agnew.

Name

Work History

Title

Status

Sean Agnew

Chief Financial Officer

Current

Sean Hogan

Managing Director

Current

Name

Sean Agnew

Sean Hogan

Work History

Title

Chief Financial Officer

Managing Director

Status

Current

Current

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