News } TBK Capital

Recent Client and Investors Functions

We’ve now held 3 Client/Investor presentations at the excellent function room generously provided by NZX and Link Market Services Limited at Zurich House in Auckland. The first was in February this year, followed by one in October and the last a week ago.

Date Created: 20/11/2015

We’ve now held 3 Client/Investor presentations at the excellent function room generously provided by NZX and Link Market Services Limited at Zurich House in Auckland. The first was in February this year, followed by one in October and the last a week ago.

The format we’ve followed has been for 4 of our Clients to give a 15 minute presentation of their business for which they are seeking capital. This is followed by an hour or so of informal mixing and mingling of presenters and attendees over drinks and nibbles. We’ve always suspected - and as all who have attended have confirmed - the most valuable part of the evening for everyone has been this informal session at the end.

Opportunities Presented

Following is an alphabetic summary of the projects presented at the last two functions and their current status. Some are summarised on our website and further details and Information Memorandums are available by emailing or calling me on +64 21 902 901 or +64 9 307 3257.

Baboom Centred around the streaming music industry, this on-line business is complementary to sites such as Spotify, Pandora and iTunes. It is artist focused and allows all artists to connect directly with their fans and communicate with them via social media. Baboom has been nominated a B2B Start-Up of the Year. This is a new private offer on attractive terms prior to an imminent capital raising in the U.S. Further information is available under confidentiality. A new period of industry consolidation is now taking place as the large enterprises are looking to consolidate their position. Accordingly the exit for investors in Baboom is clearly a Trade Sale. Applications to invest have already been received. If you’re interested give me a call.

Common Ledger Common Ledger’s cloud based product gives accountants a single process for accessing financial data from accounting software, including Xero, MYOB and Quickbooks. It has finished its first $1 million build round of capital raising and is now raising a second build round of which only $240,000 is still available. Reply for copy of IM.  

Groove Group This is a new offer from a well-established international business specialising in event production and the provision of high-end audio products for events. It is raising up to $2 million by way of issue of ordinary shares to provide the working capital to Increase production of audio equipment from their manufacturing facility in China and increase staffing of their existing offices in Australia, the U.S. and the United Arab Emirates. Reply for copy of IM.
 
Payport This is an offer from an established business founded in 2011. See summary of the offer on our website. The business is now entering the busiest time of the year and is consolidating its partnership arrangement with another Client of ours iSEE Digital to open more Parcel Post stores nationwide. Reply for copy of IM.  

Rightway This is a new accounting and advisory service provider that’s revolutionising the accounting service industry in Australasia by appointing Regional Partners (RPs) and a centralised accounting team which delivers core compliance services to all of RightWay’s clients. See summary of Offer here. Recognised as the fastest growing accounting and advisory firm in New Zealand, revenues of $8 million are projected for 2016 with a target of $18 million for 2017. So far 28 RPs appointed with 3 new joining each month. They have already raised $425,000 of the $2 million sought.

SecureWealth TheAshley Madison hacking scare has brought world-wide attention to the dangers of lack of security over the Internet. SecureWealth uses a combination of security technologies that together provide a much more secure user environment than existing online services. This is a new offer for a U.S. based business raising capital via a New Zealand company. Their website will be up in the next few days. Reply for copy of the IM.  

Skin Alive Significant progress has been made since the last IM was published.  $120,000 of the capital sought has now been pledged and new terms of the offer are available at a lower pre-money valuation than in the old IM. There is already interest in taking part or all of the balance of shares available. The new IM is now being prepared and a new Opportunities newsletter solely on this project will be going out soon. If you’re interested you should register your interest now.  

Spotlight Reporting This business provides 4 cloud based business intelligence tools for accountants, advisors and CFOs of businesses. Their current accounting software partners are Xero and Intuit. See summary of Offer here. Spotlight raised $3.1 million in its previous capital raising round, and has raised $1.5 million in the current round from existing investors and $500,000 from new investors. 

Confidence Follows the Rugby World Cup

At both Tabak Business Sales and TBK Capital we have recently seen a renewed confidence in the New Zealand economy, and a resurgence in interest in buying businesses and raising funds for expansion. I’d like to think that’s had something to do with the All Blacks win – and I’m sure it has – but the real difference is more the fact that many of the potential business buyers and investors are actually back in the country!

The above are just some of the capital raising offers we are evaluating or about to release. Offers such as those given above are an essential part of the capital markets here as a precursor to more public raisings such as crowdfunding and IPOs, and of course Trade Sales.

So if you know of anyone looking to raise funds (equity or debt) – or to buy or sell a business - get them to contact me and I’ll make sure the appropriate person contacts them.

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None of the above are offers of financial products that require disclosure under the Financial Markets Conduct Act 2013 (Act) and are available only to wholesale investors as defined by that Act. They are intended for distribution only to selected people to whom, under the relevant laws, they can be lawfully distributed. They cannot be distributed in any other jurisdiction, or to any other people. They are not offers or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.