VIDEO: CEO David Millhouse Talks to Clifford Bennett on Financial Services Acquisitions
Sydney, Dec 18, 2012 AEST (ABN Newswire) - Millhouse, Inc. PLC is a listed international diversified funds management business with its securities quoted on Deutsche Börse.
Its business is to acquire existing businesses in funds management, investment management, and asset management across asset sectors. These acquisitions are conducted at historically low prices and capitalise on the considerable sunk costs invested by previous owners.
The company has a standard acquisition model based on warranted ebitda with the consideration payable over three years as a mix of equity and cash. Each acquisition is ebitda positive and cash generating. Business operations exist in Australia, Singapore, Germany and other countries as the acquisitions program rolls out.
David Millhouse has now founded and successfully managed three corporations, of which the previous two have been in funds management, private equity and venture capital. He has a quality academic background with degrees in science, business and law. He was Visiting Lecturer at the American Graduate School of International Management in Phoenix, USA.
He has considerable experience in capitalisation planning for emerging growth companies, and is experienced in the raising of capital in the public and private equity markets in several countries, including Australia, Singapore, Germany, Canada and the United States. His performance has brought international recognition of his achievements and a Series of Australian awards, including the 1986 Bulletin - Compaq Young Executive of the Year, and the 1988 BRW - Compaq Young Executive of the Year.
David was the founder and chief executive of international private equity and funds manager, MillhouseIAG Limited from 1991 to 2010.
He is a Certified Member of the Institute of Management Consultants in Australia and a Fellow of the Australian Institute of Company Directors. David has conducted business assignments in the United States, Canada, Germany, United Kingdom, Singapore, Japan, New Zealand, Papua New Guinea, and Australia. He has been a director and board member of companies in multiple jurisdictions and was formerly a Trustee of the Queensland Art Gallery/Gallery of Modern Art. He is a Trustee of Bond University.
Watch the video webcast here:
http://www.abnnewswire.net/press/en/74439/millhouse
Notes:
MILLHOUSE, INC. PLC WEBINAR 2012
What is Millhouse, Inc. PLC?
Millhouse, Inc. PLC aims to become a significant competitor in financial services and asset management by acquiring numerous companies and funds in various countries and then developing them with a strong experienced management team.
What is the game plan?
There are incredible acquisition opportunities - once in a generation - in private equity, private debt, funds management, private banking and wealth management. This opportunity mirrors those of previous generations in information technology, modern medicine and pharmaceuticals, aerospace and other major industries. This is the time when the foundation stones of the next fortunes are made.
How far advanced is the acquisition program?
The company has been researching potential acquisitions in various countries for two years. Some of these are ready to proceed to contract now, in 2012. The deals we want to close quickly add around USD 20 million per annum in EBITDA to the company. There is a large pipeline of other deals we are working on for 2013 which would significantly increase revenue and EBITDA.
How are you funding the acquisitions?
I will coordinate the Chairmann and other directors in raising capital for the acquisitions program. We are negotiating large long term credit lines with a number of financial institutions and equity placements with brokers in various countries for the listed company.
Millhouse Inc PLC is designed to operate in global capital markets. Our Chairmans' previous experiences around the world with Ford Credit, Citibank, Standard Chartered Bank & DBS in Singapore provide a very solid background. We want the company to raise USD 500 million in long term credit and USD 100 million in new equity. This will be enough to implement our acquisitions program.
What sort of investors are you looking for?
We are in the process of identifying a small number of cornerstone investors globally who believe in the strategy and our ability to implement. The company has worldwide reach into the capital markets.
How do you define success?
It is very simple. Profits and, an increasing share price. The board and senior management are very experienced and all of them are well connected, with solid track records in various countries, and understand the diversity of the assets of interest to the company.
Why are you listed in Frankfurt?
It is the third most liquid equity market in the world, and the financial epicentre of Europe. The exchange is well regulated for investors and has substantial links into New York and other major equity markets. Frankfurt is a Hub of Capital of global significance.
We are also listing the company shares in London on the GXG Capital Market. This should happen shortly. The application papers are completed. London remains one of the worlds' most liquid capital markets.
This dual listing strategy should provide a solid basis for the equity raisings.
In 2013, the company will migrate its listing to the Regulated Markets on GXG and FSE.
Your Chairman has a worldwide profile and a hugely successful career. Why did he agree to become Chairman?
Philippe Paillart has known me for many years. He considers me a very well respected entrepreneur in several countries, and regards me as immensely astute and knowledgeable with an uncanny ability to spot strategic opportunities. This is one of them.
We also work well together and it is essential that the directors have trust and cohesion over long periods of time as we build the company.
The company has been able to attract people of considerable repute from around the world, many of whom have been known to me or the other directors for many years.
Contact
Millhouse Inc. Plc
T: +61-3-9221-6195
F: +61-3-9653-6129
E: investorrelations@millhouse.co
WWW: www.millhouse.co/international
Wedgewood Investment Group LLC.
WWW: www.wedgewoodcommunications.com
| ||
|
