Moelis are offering sophisticated investors an opportunity to invest in Mort & Co. (Mort), Australia’s largest independent beef feedlot company prior to a planned IPO in 2017. Mort’s primary business involves acquiring young cattle, implementing a feeding program and generating earnings upon sale. Moelis is acting as the cornerstone investor of the syndicate which is seeking to raise c. $20 million. The funds will be used to expand Mort’s operating capacity and capitalise on the increasing demand for Australian beef, particularly from Asia. The syndicate’s forecast internal rate of return is expected to be >25% p.a., including a cash dividend. Investors will be acquiring equity at a Price to Earnings ratio of ~6.5x (FY18e net profit after tax) representing the first full year of earnings contribution post expansion. Sophisticated and professional investors are invited to register here (VIEW LINK) to receive more information on the offer.
Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.