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Corporation
hughesdrilling.com.au

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Portfolio Exits

1

About Hughes Drilling

Hughes Drilling (ASX: HDX) is a coal production and exploration drilling company with a client base consisting of mine operators and owners.

Hughes Drilling Headquarter Location

12 Byte St

Yatala, Queensland, 4207,

Australia

+61 7 3807 8811

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Latest Hughes Drilling News

Hughes Drilling in $24m JSW acquisition

Dec 9, 2016

facebook twitter linkedin google+ print Three years after completing a management buy-out, JSW Australia directors Jeff Branson and John Silverthorne have struck an agreement to sell their debt-laden drilling business; but they won’t be getting any cash from the deal. Brisbane-based Hughes Drilling will issue $7 million worth of shares to the JSW shareholders and retain $17.4 million of existing debt, to make up the total acquisition price of $24.4 million. JSW Australia was established in 2010 through a management buy-out from Ausdrill , which had acquired the business as part of its purchase of Brandrill a few months earlier. To read more, please Login or Register below Login

Hughes Drilling Portfolio Exits

1 Portfolio Exit

Hughes Drilling has 1 portfolio exit. Their latest portfolio exit was JSW Australia on December 10, 2016.

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

12/10/2016

Acq - Fin

2

Date

12/10/2016

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

2

Hughes Drilling Acquisitions

1 Acquisition

Hughes Drilling acquired 1 company. Their latest acquisition was JSW Australia on August 19, 2013.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

8/19/2013

Acquired

$991

Acquired

3

Date

8/19/2013

Investment Stage

Acquired

Companies

Valuation

$991

Total Funding

Note

Acquired

Sources

3

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