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333 Consulting was engaged by a local gold mine to review the performance of their light vehicle maintenance contractor. The review illustrated poor compliance to planned service days and unplanned work occurring at regular intervals straight after services. As a result of the review, the Mine terminated the contract and proceeded with a owner-operator program. The Mine saved approximately $1 million per annum in light vehicle costs....read more |
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333 Management successfully turned around this transport company which was on the brink of collapse. We implemented a range of measures to improve McColl's operational efficiency and ensure the long-term financial health of the business. This included addressing the quality of key personnel and conducting a comprehensive review of standards and procedures which uncovered a series of vehicle accidents and injuries. Our measures to address these key safety issues has resulted in a dramatic fall in Workcover claims....read more |
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Ross Human Directions
Sole advisor on sale to Chandler McLeod Group
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Starbucks Australia
Following a decision by Starbucks Australia, 333 Real Estate was retained to execute the negotiated surrender of 61 underperforming stores of its 84 store portfolio across Australia.
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Distressed residential aged care facility
KordaMentha was appointed Receiver and Manager over a residential aged care facility. 333 Consulting successfully traded the business whilst engaging a real estate agent to sell the facility. Within six weeks of our appointment, a contract of sale for the business and property was executed and shortly thereafter the sale was completed. The sale resulted in the transfer of all 60 bed licences, freehold property and the majority of the employees. |
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Westpoint Bayshore - Port Melbourne
Following completion of the $120 million, 324 residential and retail unit development, 333 Real Estate were engaged by the financiers of Bayshore Port Melbourne to act as transaction managers, overseeing the sale of the remaining 133 residential and two retail units. Through the delivery of a multi-level sales campaign, the remaining stock was sold within a three month period at a premium to valuation.
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Gribbles Pathology
Joint Advisor on sale to Healthscope
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Whisper Bay - Airlie Beach, Qld
333 Real Estate was engaged as Receivers and Managers to complete and sell a 104 unit luxury residential development located in Airlie Beach, Queensland. The process involved taking control, maintaining and securing, completing defects and obtaining titles and the implementation of a sale strategy and sell down.
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$100 million industrial company
333 Management reviewed this company's business model and management. A new strategy was devised and implemented, along with the right team and an actionable plan to improve profits. |
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Our client embarked on a poorly planned strategic re-focus that reduced operational performance and potential future financial performance. A high level review of the business identified and prioritised areas of improvement totalling over $3.5 million in potential EBIT benefits. 333 Consulting implemented management operating systems; established program management and governance and improved stock clearance, sales, debtors and cash management. As a result, our client realised a gross margin benefit from an improved design-to-delivery process, reduced sales costs by $400K and improved its working capital position by $2 million+....read more |
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Sole advisor on education roll-up and sale to Kaplan, Inc...read more |
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Timbercorp Forestry
Sole advisor on sale to Global Forest Partners
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Golden Circle
333 Real Estate was engaged by Golden Circle to manage the sale of excess land adjoining their head office and major manufacturing facility. 333 Real Estate managed the sale of the property successfully and sold the property at a significant premium to the client's expectations. |
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Witchwood Enterprises
333 Real Estate was appointed as Receivers and Managers of Witchwood Enterprises, the developer of a partly completed, thirty unit residential development. Through a sale process by way of an Expression of Interest campaign, followed by a formal Tender process, we negotiated a sale price significantly in excess of valuation.
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$150 million private equity owned logistics company
333 Management operated the board and managment and stabilised the company. Two and a half years alter the company is still running for growth and yeld and profit has been increased by over 200 per cent. |
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Integra Group - Ballarat, Vic
333 Real Estate was engaged to conduct a strategic and financial diagnostic review of the Integra Group to assist with making a decision on whether to provide additional financial accommodation. Utilising both Real Estate and Corporate Recovery expertise, our review provided a number of succinct observations and recommendations at both a corporate and property specific level.
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Project Buffalo
Buffalo is an Australian listed property trust. The Lenders in Australia had a syndicated unsecured facility that was in breach of its covenants and engaged KordaMentha and 333 Real Estate to advise on the options available to accelerate repayment of the facility. As a result of the review and through ongoing support during the negotiation stages of the facility, the Lenders have been repaid in full.
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Franklyn Scholar
Sole advisor on private equity and debt raising, sole advisor on acquisition of Traineeship Advisory Services Australia and sole advisor on the acquisition of of TSA, The Training Company
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333 Consulting reviewed the product portfolio, channel strategy, customer management, and pricing strategies of a major industrial manufacturer and distributor. The company was loss making, and struggling to regain profitability. We were able to stabilise the business through a program of customer segmentation, SKU rationalisation, by analysing each channel and outlet for profitability and by implementing a system to track costs. As a direct result of our work the client was able to increase profitability in all customer segments through programs which worked across all aspects of their business....read more |
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NYSE-listed global industrial company shutting down business in Australia
We managed the Australian operations shutdown, assumed Director responsibilities, salvaged and sold the remaining business and managed the remaining contracts over five to ten years. |
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Four Seasons Estate - Bridgetown, WA
KordaMentha was engaged by the Secured Lender to 41 rural residential lots in Bridgetown, Western Australia. 333 Real Estate are managing the construction of a Water Mains infrastructure from the town to the lots, after which we expect the bank will be paid out in full and the remaining lots returned to the Company. |
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Westpoint Emu Brewery
333 Real Estate was engaged by the Receivers and Managers of Emu Brewery Developments to manage the sale of the former Emu Brewery in Perth.
Through strategic planning and management of the vendor due diligence process, 333 Real Estate realised a sale price which was 90% above valuation. |
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Sole advisor on distressed acquisition of Feltex Carpets
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Fincorp Portfolio
At the time of our appointment, a number of the developments were partially completed. We oversaw the completion of the construction and transacted a portfolio of ten real estate development assets including retirement village sites, residential land sub division sites and a homemaker site for $300 million, a price that far exceeded valuation and delivered an outstanding result to Fincorp creditors. |
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Macro Wholefoods
Sole advisor on sale to Woolworths
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Stockford
Sole advisor on breakup and sale to management
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Indigo Group of Companies Pty Ltd
333 Real Estate was appointed Receivers and Managers of various companies related to Indigo that were involved in developments within the Martha Cove Estate in Safety Beach, Victoria. Our real estate and insolvency teams took control of the project to manage all existing development issues, the sales and settlement process and realise the development sites. |
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Pentridge Piazza
333 Real Estate was engaged by the joint owners of Pentridge Piazza to undertake an Independent Development Review in relation to the development project. Realisable profits had been severely affected and 333 Real Estate was engaged to provide strategic advice which would enable the client to minimise spiralling costs. 333 Real Estate was subsequently appointed as development manager. |
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Theo's Liquor
Sole advisor on sale to Coles Group
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Steel fabricator and manutacturer review
333 Consulting was engaged by a listed international manufacturer/fabricator to conduct a diagnostic review of the facility and implement processes to realise full procurement potential. Underlying EBIT rose by 103% in the year following the 333 engagement with a 100% increase in operational earnings per share compared with historical earnings in the four years prior; along with significantly improved visibility of major project status. |
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Villa De Fabula Antiques Pty Ltd
333 Real Estate was engaged to undertake a review of a townhouse development. The purpose of the report was to examine the overall status of the project and to identify key project risks for the bank moving forward. A thorough review was conducted and a clear direction on the project provided, giving the bank greater control over the project outcome.
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Melview 'Kawarau Falls Station'
KordaMentha was appointed Receiver of Kawarau Falls Station, a $1 billion integrated mixed use resort village comprising of three international hotels, conference and events space, residential units, townhouses and ski lodgings, and restaurants, bars, cinemas and marina located in Queenstown.
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Kempe Engineering
Sole strategic advisor
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Project Neptune
333 Real Estate was engaged by the Company’s banking syndicate to undertake a strategic and financial review of the business. The review established a clear understanding of the security and a strategy to achieve near and medium term debt reduction. The Company has now achieved all of the requirements established as part of the facility extension and the banking relationship has been normalised. |
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Ocean View, Busselton WA
KordaMentha was engaged to substantially complete a lot subdivision in Busselton, Western Australia. A valuation was undertaken to determine whether to sell “as is” or complete the development. The Bank accepted our recommendation to complete the development, providing an overdraft and allowing for a timely sell down of stock.
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$80 million private equity owned transport company
333 Management established a Special Purpose Vehicle, coordinated the board and management, repaid all debts owing and achieved a majority stake. |
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Ashington Capital Limited
The valuation of one of Ashington’s marquee property development projects was materially impacted by an adverse planning decision. This resulted in a covenant breach in respect of the project specific facility and resulted in investors withholding capital commitments. 333 Advisory and 333 Real Estate were engaged by the senior lenders to the project to review and advise on a restructuring of the facility. |
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Everleigh Rise
333 Real Estate was appointed by the Receivers and Managers to assist with the receivership of a property development company which was undertaking a 44 lot residential subdivision. At the time of our appointment, the development company had been placed into provisional liquidation. Over a 14 month period we completed development works, obtained Council compliance, registered individual titles and settled all pre-sale contracts to recover the financier’s entire debt. |
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CK Life Sciences
Sole advisor on the acquisition of Envirogreen
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Blackbean Pty Ltd
333 Real Estate were appointed Receivers and Managers of Blackbean, a residential development company. All development works were complete at the time of appointment however sales had stalled and there was no marketing strategy in place. Our real estate and insolvency team took control of the project, sourcing sales agents, implementing public marketing strategies and managing the sales and settlement process. |
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$2.8 billion company
333 Management received agreement from a bank syndicate to become directors and managers of the eight subsidiaries of this company, when parent company was in receivership. |
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Domino's Pizza
Sole advisor on IPO in Australia
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Heat Exchangers
Sole advisor on sale to Hudson USA
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Grande Pacific Partnership
333 Real Estate were appointed Receivers and Managers of four companies with assets in Queensland and a development site in Victoria. At the time of our appointment one completed project was only 20% sold. Our real estate and insolvency team took control of the project to recover the financier’s funds by managing development issues, implementing public marketing strategies and managing the sales and settlement process. |
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Elite Property Investment Group, Broadbeach QLD
Our real estate and insolvency team took control of this office building project to recover the financier’s funds. Our team sourced leasing and management agents, implemented a new leasing strategy, managed maintenance issues and worked to both convert existing tenants to fixed leases and find new tenants. |
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IP1 Australia
Sole advisor on sale to Telstra
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Atkinson Gore Group
333 Real Estate was appointed as Receivers and Managers of Atkinson Gore Group, the assets of which comprised 67 residential apartments. Our real estate and insolvency team took control of the project to recover the financier’s funds by managing development and Body Corporate issues, working with other financiers, sourcing sales agents, implementing public marketing strategies and managing the sales and settlement process. |
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Dominion Lifestyle Tower Apartments
KordaMentha and 333 Real Estate managed the transaction of a residential tower of 83 apartments to recover a substantial sum of the financier’s investment. We produced an Information Memorandum, prepared the vendor due diligence package, handled all interested party enquiries, directly marketed the property and negotiated a sale. The Receivers and Managers resigned and our client transferred their debt to a third party. |
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Tower Software
Sole advisor on sale to Hewlett-Packard
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Competitive Foods (KFC, Hungry Jacks)
Advisor on acquisition and sale of strategic stake in Stanbroke Holdings
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NK Investments One
We were appointed as Receivers and Managers of a partially completed mixed use development. 333 Real Estate successfully completed the development to a high level of quality with minimal delay and frustration whilst effectively managing the stakeholders scarred by the legacy issues created by the former developer and builder.
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Mermaid Marine Australia
Sole bookrunner on primary and seconday institutional placement
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Lewingtons Transport
333 Real Estate was engaged by the Receivers and Managers of Lewingtons Transport to sell an industrial property. 333 Real Estate successfully transacted the sale of 184 Sangsters Road through a public Expressions of Interest campaign, negotiating a short 45 day settlement period. The end result was beyond all expectations of the mortgagees and Receivers and Managers. |
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Ross Human Directions
Sole advisor on acquisition of Spherion
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Octavier (formally MFS)
333 Capital was appointed by the Directors of MFS to manage the restructure of the company. As part of the appointment we advised on over $2 billion in mortgage funds and direct property investments. As part of the engagement we transaction managed the sale properties negotiating the sale through to exchange.
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The trade on of a transport company
333 Management assumed management responsibility, including installing a CEO and other line managers to run the company. |
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Tassal
Sole bookrunner on institutional placement
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Greyhound Australia
Sole advisor on restructure and capital raising
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An under-performing industrial company
An investment bank proposed to buy the debt and equity of an under-performing $800 million industrial company. 333 Management provided turnaround and management services including the board and management over an extended period. |
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Brazin
Sole advisor on sale to BB Retail
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Flairview Travel
Sole advisor on sale to Cendant Corporation
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Select Harvests
Sole advisor on sale of 11.4% strategic stake
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Incitec Pivot
Advisor on acquisition of Dyno Nobel
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Domino's Pizza - acquisition
Sole advisor on acquisition of Domino's Europe
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Karedis Group
Sole advisor on sale of The Grape
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Neville Smith Timber
Sole advisor on merger with Integrated Tree Cropping
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Non-Ferral Recyclers
Sole advisor on sale to Arrowcrest Group
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CMS
Sole advisor on sale of majority interest to Fortis Financial
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