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Corporation
longreach.com

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Portfolio Exits

1

Funds

1

About LongReach Group

LongReach Group Limited (ASX Code: LRG) is an ASX-listed provider of integrated information and communications technology based products and services to the defence, security and intelligence sectors, as well as to government, telecommunications and corporate customers, both locally and internationally.

LongReach Group Headquarter Location

31 Market Street PO Box 581

Melbourne, Victoria, 3205,

Australia

+61 3 9926 1155

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Latest LongReach Group News

Reuters - Longreach Looks to Sell EnTie Bank Stake

May 17, 2012

Reuters – Longreach Looks to Sell EnTie Bank Stake May 17, 2012 By Reuters News Private equity firm Longreach Group is seeking T$30 or more a share for its stake in Taiwan’s EnTie Commercial Bank, a price that would value any deal at about $1.2 billion, writes Reuters. Longreach and Carlyle Group are planning to exit their investments in Taiwan, as its competitive, fragmented banking market has never produced the returns investors had sought, writes Reuters. Reuters – Private equity firm Longreach Group is seeking T$30 or more a share for its stake in Taiwan’s EnTie Commercial Bank, a price that would value any deal at about $1.2 billion, a source with direct knowledge of the situation told Reuters on Thursday. Longreach and bigger rival Carlyle Group are planning to exit their bank investments in Taiwan, as its competitive, fragmented banking market and slow progress on building ties with China have never produced the returns the investors had sought. “Longreach wants to make a profit,” said the source, speaking on condition of anonymity. “They are trying to decide when to exit.” Longreach bought a 51 percent stake in Entie in 2007 for T$18.8 billion ($637 million) amid a rush of private equity deals in Taiwan’s banking industry. It currently holds 58 percent of EnTie. It hired Morgan Stanley to explore the sale of its stake, a source said in April. Taiwanese banks’ return on assets in 2011 was 0.53 percent – the lowest among banks in Asia excluding Japan, according to Fitch Ratings in Taiwan. They also have with little in the way of overseas operations to fuel growth. In midday trading, shares of EnTie rose 0.42 percent, lagging the broader market’s 1.64 percent rally. (Editing by Jonathan Standing) © 2015 Buyouts Insider / Argosy Group LLC

LongReach Group Portfolio Exits

1 Portfolio Exit

LongReach Group has 1 portfolio exit. Their latest portfolio exit was C4i on January 31, 2013.

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

1/31/2013

Acquired - II

$991

2

Date

1/31/2013

Exit

Acquired - II

Companies

Valuation

$991

Acquirer

Sources

2

LongReach Group Acquisitions

1 Acquisition

LongReach Group acquired 1 company. Their latest acquisition was C4i on December 13, 2006.

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

12/13/2006

Acquired

Acquired

1

Date

12/13/2006

Investment Stage

Acquired

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

LongReach Group Fund History

1 Fund History

LongReach Group has 1 fund, including Longreach Capital Partners 3.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/1/2019

Longreach Capital Partners 3

$650M

1

Closing Date

4/1/2019

Fund

Longreach Capital Partners 3

Fund Type

Status

Amount

$650M

Sources

1

LongReach Group Team

3 Team Members

LongReach Group has 3 team members, including former Chief Executive Officer, Nick Child.

Name

Work History

Title

Status

Nick Child

Chief Executive Officer

Former

Russel Aizen

IFS, and IBM

Chief Financial Officer

Former

Michael Addison

Managing Director

Former

Name

Nick Child

Russel Aizen

Michael Addison

Work History

IFS, and IBM

Title

Chief Executive Officer

Chief Financial Officer

Managing Director

Status

Former

Former

Former

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