Private equity exits: IPO's on the rise!

With 19 floats and listings in the last 2 months (ASX.com.au), including several private equity backed investments, the bell has been ringing loud and often at the ASX Exchange Centre in Sydney. With a strong pipeline of upcoming listings both locally and internationally it seems the IPO exit strategy is on the rise and is the preferred strategy for several private equity firms and their portfolio companies.

As a result, Allura Partners has recently been engaged by a number of our private equity clients to deliver CFO searches seeking the required IPO readiness and listing experience to drive the exit strategy.

A recent example of this, that has now come to fruition, was our engagement by Pemba Capital Partners to appoint a CFO for their investment, JobReady. With an exit strategy of an IPO anticipated, the mandate was to engage CFO’s with the required experience and skills to execute this strategy.

The search identified Nimesh Shah, an accomplished CFO with experience of leading a private equity backed investment through the IPO process into the public markets. Nimesh was appointed in August 2017 tasked with leading the IPO readiness of the group, working closely with CEO Marc Washbourne. The group, including JobReady, branded as ReadyTech (ASX:RDY) and was successfully listed in April 2019. Congratulations to Marc, Nimesh and the teams at ReadyTech and Pemba Captal Partners.

“I have worked with Andrew over the last few years and he is an exceptional professional and provides fantastic service to both the candidate as well as to the hiring client.”Nimesh Shah – CFO – ReadyTech (ASX:RDY)

If you’re looking for an experienced executive to execute an IPO exit strategy or if you are a CFO with IPO readiness experience, please get in touch with Andrew for a confidential discussion on +612 8821 7302 or email andrew.smith@allurapartners.com.au.