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Holding Company
hollard.com.au

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Investments

7

Partners & Customers

1

About Hollard Investments

The Hollard Group, which includes The Hollard Insurance Company and Hollard Financial Services, is a global financial services business with operations in Australia, Africa, Europe, India, China and the US. In Australia, we operate as The Hollard Insurance Company Pty Ltd and Hollard Financial Services Pty Ltd. Together, we help to secure the lifestyles or assets of over 700,000 Australians, with solutions ranging from Life Insurance, Income Protection Insurance and Pet Insurance to Home and Contents Insurance and Car Insurance.

Hollard Investments Headquarter Location

Australia

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Latest Hollard Investments News

Greenstone mandates Goldman Sachs for review; CDPQ stake eyed

Apr 26, 2021

Share Insurance seller and one-time initial public offering candidate Greenstone has launched a strategic review that will consider exit options for the group’s private equity investor, Canadian giant CDPQ. Street Talk can reveal Greenstone’s owners, South African insurer Hollard and CDPQ, have hired investment bank Goldman Sachs to review the business and funding options for its next leg of growth. Real Life Insurance is one of Greenstone’s brands that sells insurance products. Supplied The review is expected to consider parties that could take CDPQ’s place on Greenstone’s share register. The Canadian pension fund’s private equity team acquired a 44 per cent stake in Greenstone in 2016, soon after Hollard cancelled plans to list its Australian business on the ASX-boards. Five years on, sources said CDPQ was keen to think about realising at least part of its private equity investment. Goldman’s mandate will involve talking to potential acquirers for that stake. Both Hollard and CDPQ were said to be conscious of finding an investor that was aligned with the business’ long-term goals. Related Quotes Advertisement Greenstone sells life, general and pet insurance in Australia under brands including Real Insurance, Australian Seniors, RSPCA Pet Insurance, Medibank Life Insurance and Guardian Insurance. South Africa’s Hollard underwrites the policies. Greenstone Holdco Pty Ltd, which is the top entity in its corporate structure, reported $408.9 million revenue and an $87.8 million net profit after tax in the year to June 2020, according to accounts filed with the corporate regulator. Hollard Insurance founder and Greenstone executive chairman Richard Enthoven. Brook Mitchell Going up Those numbers were up from $380.3 million (revenue) and $77 million (net profit) in the 2019 financial year. The group’s funding included shareholder loans worth $426.7 million at June 30 last year, along with secured non-revolving loans worth $302 million and another $206.6 million secured debt facility from Macquarie Bank. Greenstone Holdco Pty Ltd’s shareholders were listed at Hollard Investments BV, CDPQ and Jersey-baed Novatrust Ltd. The company was set up when CDPQ purchased its stake in 2016. Advertisement The Greenstone stake is expected to attract interest from global private equity firms and other financial investors. It’s hard to see an insurer snapping up the stake while Hollard has a long-term agreement to underwrite Greenstone’s products and is a substantial investor in the business. Goldman Sachs’ review comes six years after the bank tried to float Greenstone on the ASX. Goldman Sachs (and fellow bookrunner Macquarie Capital) tried to raise $900 million for the group in a deal valuing it at $1.4 billion. The deal was eventually pulled by Greenstone’s then shareholders Hollard and founder Gavin Donnelly, after investors baulked at the size of the mooted selldown, some risks in the business and in light of soft equity market conditions while marketing was underway. CDPQ, advised by Morgan Stanley, swooped 12 months later. Get a first look at tomorrow's headlines Sign up to the Street Talk First Look newsletter

Hollard Investments Investments

7 Investments

Hollard Investments has made 7 investments. Their latest investment was in Naked as part of their Series A on August 8, 2021.

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Hollard Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2021

Series A

Naked

$11M

No

10

5/27/2021

Series A

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$99M

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10

8/10/2020

Series A - II

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$99M

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10

3/25/2019

Unattributed VC

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$99M

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10

12/4/2018

Corporate Minority - II

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$99M

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10

Date

8/4/2021

5/27/2021

8/10/2020

3/25/2019

12/4/2018

Round

Series A

Series A

Series A - II

Unattributed VC

Corporate Minority - II

Company

Naked

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Amount

$11M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

10

10

10

10

10

Hollard Investments Partners & Customers

1 Partners and customers

Hollard Investments has 1 strategic partners and customers. Hollard Investments recently partnered with Duck Creek Technologies on June 6, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

6/6/2022

Vendor

United States

1

Date

6/6/2022

Type

Vendor

Business Partner

Country

United States

News Snippet

Sources

1

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