CASE STUDIES

A Proven Track Record Across M&A, Capital Raising, and Strategic Advisory

From founder exits to institutional capital raises, explore how Conquest Capital has helped privately owned Australian businesses achieve their objectives and maximise value.

CONSUMER • $300M+ Revenue

Tru Blu Beverages - Sale to Refresco

Advised Australia's largest independent soft drink manufacturer on its sale to global beverage leader Refresco, delivering a full cash exit through a tightly managed, expeditious due diligence process.

  • Full cash exit at an attractive EBITDA multiple

  • Over 1,000 due diligence items managed on time

  • Transaction signed and announced within the agreed timeline

Tru Blu Beverages - Sale to Refresco
B2B TECHNOLOGY

Fleetsu Merger with Rand McNally Fleet

Advised Australian fleet management SaaS business Fleetsu on its cross-border merger with US Private Equity-backed Rand McNally, navigating complex scrip-for-scrip taxation, relative valuations, and US private equity deal dynamics.

  • Attractive revenue multiple secured for shareholders

  • The founder retained a significant minority stake in the merged entity

  • Complex cross-border transaction completed successfully

Merger with Rand McNally Fleet
HEALTH TECHNOLOGY

Potential(x) Merger with Beamtree

Advised health data benchmarking platform Potential(x) on its merger with ASX-listed Beamtree, increasing final consideration above the initial proposal and positioning the founder as the largest individual shareholder post-transaction.

  • Final consideration increased above the initial proposal

  • The founder became the largest shareholder at circa 12%

  • Beamtree's share price rose more than 20% post-announcement

Merger with Beamtree
HEALTH TECHNOLOGY

Eurofield Information Solutions- Sale to Constellation Software

Advised the founder of health-tech software business EIS through a two-year exit process, recommending a CEO appointment to broaden buyer appeal before relaunching the sale campaign successfully.

  • Business sold to Constellation Software (Vela)

  • The CEO succession plan enabled a stand-alone operation

  • The founder achieved a clean, full exit

Eurofield Information Solutions- Sale to Constellation Software
TECHNOLOGY

EstateMaster- Sale to Altus Group

Advised market-leading property development SaaS business EstateMaster on its sale to Altus Group, a $1 billion+ Canadian-listed global software company, negotiating a 31% increase on the initial indicative offer.

  • Final offer increased 31% above the initial indicative offer

  • Price increase represented 45x the advisory fees paid

  • Attractive mid-to-high teens EBITDA multiple achieved

EstateMaster- Sale to Altus Group
CONSUMER • NZ$138M

42 Below Sale to Bacardi

Advised New Zealand premium vodka brand 42 Below on its strategic positioning and international growth story before its sale to Bacardi , articulating a 10-year business plan that justified an 8x revenue acquisition multiple.

  • NZ$138 million acquisition by Bacardi Inc

  • 8x revenue multiple achieved at completion

  • Founder's NZ$1 million investment returned NZ$34 million

Sale to Bacardi