Momentum was established in 2003, as a Sydney based boutique investment bank, by ex JPMorgan Managing Director, Kevin Jacobson. Momentum’s corporate advisory business, Momentum Corporate, soon established a successful track record, focussed exclusively on providing advice on mergers and acquisitions. In more recent years Momentum broadened its activities to include private equity investment, conducted by Momentum Pacific.
Established in 2002, Miles Advisory Partners focuses on business divestments, mergers and acquisitions and has offices in Sydney and Melbourne. Both firms shares a similar culture and ethos of providing clients with “hands on” execution by senior advisers.
The inclusion of Momentum’s Kevin Jacobson and Michael Gayst as Senior Advisers of Miles Advisory Partners, will position the firm as one of the largest and most experienced independent mid market corporate advisory practices in Australia. The merged advisory teams’ experience is well evidenced by an impressive track record of over the past 10 years of more than 70 completed transactions valued at in excess of $6 billion, including but not limited to advising:
- Automotive Brands (Autobarn and Autopro) on its sale to Metcash (ASX:MTS)
- Pick n' Pay (JSE:PIK) on disposal of Franklins Supermarkets
- The shareholders of FleetPlus Pty Limited on their management buy out
- Tandou (ASX:TAN) on its takeover defence on unsolicited takeover offer from Guinness Peat Group (ASX:GPG)
- The shareholders of V8 Supercars on the sale to Archer Capital
- Customers Limited on its acquisition of ATM Solutions
- Davis Langdon in its sale to AECOM Technology Corporation (NYSE:ACM)
- Metcash on its acquisition of Mitre 10
- United Technologies Corporation (NYSE:UTX) in the sale of Brivis Climate Systems
- Metcash on acquisition of Foodland Australia
- Bureau Veritas SA (ENXTPA:BVI) on seven acquisitions, including Amdel Holdings from Champ Ventures and CCI Limited (by Scheme of Arrangement)
Momentum Pacific’s private equity activities will continue to be operated independently of Miles Advisory Partners and will remain focused on acquiring controlling equity stakes in businesses with an Enterprise Value of between $10 million to $30 million.
Momentum Pacific backs experienced industry executives, investing capital and working alongside them to turn businesses around and/or exploit growth opportunities.