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Bombora Investment Management
Special Investments Growth Fund
Investor Presentation • Confidential • Sept 2021
Bombora Special Investments Growth Fund
Bombora is taking applications for the Bombora Special Investments Growth Fund (“Fund”), to provide investors with actively managed exposure to pre
IPO & active managed listed equities and co-investment opportunities.
01
Bombora has returned
c.30% per annum over
the last eight years*
02
Large investment
team with over 200
years experience
03
High quality and
unique investment
opportunities
04
Differentiated offering
with co-investment
opportunities
2
*The Fund was launched in June 2018, founded by the Bombora investment team which has a demonstrable 5-year track record delivering c.30% p.a. returns in prior deals and investments
3
Bombora Performance (Rolling - as at 31 August 2021)
1 Month 3 Months 12 Months 3 YearsCompound Annual Return
Since Inception*Compound Annual Return
Since Inception*Total Return (not annualised)
Bombora Special InvestmentsGrowth Fund
5.0% 3.8% 26.7% 29.9% 27.4% 119.6%
Small Industrials Index 5.8% 8.6% 24.5% 6.8% 7.8% 27.8%
Outperformance -0.9% -4.8% 2.3% 23.2% 19.5% 91.8%
• $100,000 invested with the Fund at inception would have grown to $219,626 as at 31 August 2021 (net of fees)
• The compounded annual return since inception is 27.4%. The total return (not annualised) since inception is 119.6%.
• Prior to the incorporation of the Bombora Special Investments Growth Fund in June 2018, the strategy delivered c.30% CAGR over a 5-year period.
*Inception date: 1 June 2018
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2.20
2.40
Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Unit Price ASX Emerging Companies ASX Small Industrials
Performance Since Inception (To 30 August 2021)
The Fund has returned
+119.6% (net of fees) in the
period since inception
4
$100,000 invested
with the Fund at
inception would have
grown to $219,626 as
at 31 August 2021 (net of
fees)
*Inception date: 1 June 2018
2.20
1.57
1.28
Bombora Partners
Distribution
• In June 2020, Bombora partnered with
Seed Partnerships for the sales and
distribution function of the Fund
• The alliance was formed to assist with
growing the number of Unitholders and
the Funds Under Management in a
measured way to Seed’s network of
clients
• This is an important partnership which
allows the Bombora team to focus on
managing the fund, while achieving the
corporate objectives of the group
Research
• In December 2020, SQM Research
conducted and released an second
independent review, rating the Fund as a
“Superior, High Grade Investment”
• In January 2021, Evergreen ratings
released an initial review of the Fund,
providing a “highly commended” research
rating, the highest rating of the research
house.
• A copy of each report is available on
request
5
Investment Platforms
The Fund is approved as an
authorised Wholesale Fund
on the following Platforms:
• Macquarie Wrap IDPS Menu and
Macquarie Wrap Super Menu when held via
a separately managed account
• BT Panorama IDPS
• HUB24 IDPS Investment Menu
• Netwealth Wrap
• Ausmaq
The Bombora team is made up of
the Investment Team,
complemented by Industry
Specialists and supported by an
Independent Chair as part of the
Investment Committee.
6
Investment TeamMike Hill (Managing Director and CIO)
David Willington (PM – Equities)
Bryan Zekulich (PM – Pre-IPO)
Emily Mohan (Associate)
Garren Robbins (Associate)
Advait Joshi (Analyst)
InvestmentCommittee
Brett Chenoweth (Chairman)
Mike Hill
David Willington
Bryan Zekulich
IndustrySpecialists
Brett Chenoweth
Chris Colfer
Julian Knights AO
Greg Ruddock
Bombora
Team
Experience
Our Difference
Traditional Fund
Managers
7
Pre IPO and Equity linked investmentsBombora’s pre-IPO strategy will take equity positions in private companies where there is an aim to IPO in 3-
24 months and will hold interests in publicly listed companies.
Team of proven operators in target sectorsBombora utilises industry specialists to leverage global networks and ensure deep domain knowledge
Seek listed
equity opportunities
Originate unique opportunitiesWe create, structure & invest in opportunities through their deep transactional and capital
markets expertise
Active InvestmentsBombora drives value in our investments via active, collaborative and strategic participation
Public Liquid
Investments
Generalist
Investor Team
Passive
Investments
8
BomboraTargetPortfolio
• A concentrated high conviction
portfolio of between 25 - 50
holdings
• Diversification of investment
theme and industry sector
• Detailed due diligence process
with unanimous Investment
Committee approval required
for each investment
• Strong selling discipline
Actively Managed
Listed Equities20-30%• 6–10 actively managed investments, often from
pre IPO portfolio
• Average individual investment size of 4–7% of the
portfolio
• 5–20% issued equity of each company
• Active positions managed by designated member
of the Bombora team
Actively Managed
Pre IPO40-50%• 10 – 20 individual investments at any
one time
• Average individual investment size of
3–5 % of the portfolio
• Investments spread across key
investment themes and sectors
• More than 50% actively managed by
designated member of the Bombora
team
• Includes convertible note and special
situation opportunities
Cash and Liquid
Listed Equities20-40%• 10-20% cash; and
• 15 – 30 liquid listed equity investments,
increasing portfolio diversity
9
• Bombora Board Representation and active management of investment throughout
• Average 3 year holding period
Screen & Identity Structure Pre IPO Invest ASX Listing M&A Exit
Target Industry Sectors
• Technology
• Telecommunications
• Media
• Healthcare
• Financial Services
• Infrastructure and related services
Target Company Characteristics
• High earnings growth
• Attractive industry dynamics
• Strong gross margins
• Strong management and culture
• Sustainable competitive advantage
• Scalable business model with operating leverage
• Strong balance sheet and sustainable funding model
• Valuation discount to peers
• Identifiable catalyst for closing valuation discount
A Typical Pre IPO Investment Lifecycle
EARLY STAGE EMERGING GROWTH MATURITY REINVENT
Venture Capital Traditional Funds
VALUATION /GROWTH RATES
Bombora Targets Emerging Growth Companies
10
Portfolio Activity – Active Listed Equity Positions
ASX • BMT
BEAMTREE HOLDINGS LIMITED
• BMT (previously PKS Holdings Limited) is a health analytics and knowledge platform company.
• BMT recently acquired Potential(x), a complimentary and market leading specialist health and human servicesdata analytics firm.
• The acquisition takes pro forma revenue to more than $20m p.a.
• Bombora listed BMT in 2019 at ~$22m market cap and now has a market cap of ~$150m
ASX• JAN
JANISON EDUCATION LIMITED
• JAN had a very positive June quarter, with the share price rallying 27% after continuing its positive momentum and announcing a number of contract wins.
• The Company was appointed to its 15th country globally to administer the PISA for schools assessment.
• JAN also boosted its balance sheet with a $15m capital raised, which will be used primarily as growth capital.
ASX• DMC
DESIGN MILK CO LIMITED
• During the quarter, DMC announced full year anticipated sales of $3.3m, growth of 88% YoY.
• The Company remains focused on increasing the conversion rate the ~9m followers across various social media platforms.
• The Manager sees significant future value ahead, should the conversion rate continue to grow month on month
11
12
Portfolio Activity – Active Listed Equity Positions
ASX • GTI
GRATIFII LIMITED
• GTI is an enterprise loyalty and rewards company that allows brands to track and collect customer interactions across multiple touch points to drive relevant rewards , recognition and brand advocacy.
• GTI acquired 100% of Neat Ideas which enables content (i.e. curated offers) to be made on enterprise rewards platforms, enabling brands to provide customers and employees benefits such as customised products, eVouchers and gift branding.
ASX • BEX
BIKEEXCHANGE LIMITED
• BEX, the world’s largest global cycling marketplace, reported strong growth in its Q3 market update, with TTV up +220% vs the PCP.
• The Company continues to expand its capacity with a number of new hires including the appointment of Sam Salter as Chief Sales and Partnerships Officer.
• BEX remains well capitalised to achieve its growth objectives
ASX • MPA
MAD PAWS HOLDINGSLIMITED
• MPA is an Australian pet services marketplace.
• Post listing at the back end of the March quarter, MPA announced the acquisition of Waggly Club in the June quarter. Waggly Club is one of Australia’s largest dog treats and toys subscription companies.
• MPA also announced the appointment of former Afterpay executive, Vicki Aristidopoulos as NED.
13
Portfolio Activity – Active Pre-IPO Positions
T
ORBX INVESTMENTSLIMITED
• Orbx develops and provides high quality scenery and flight simulation content
• Orbx continues to benefit from the demand for “stay-at-home” gamers adopting, using and buying Orbx flight simulation content
• The key partnership with Microsoft now includes the launch of its flight simulator on the new Xbox platform on 27 July 2021.
• Orbx is progressing towards an IPO over the next 6 months.
MARKETPLACERLIMITED
• Marketplacer provides a global technology platform which enables enterprise customers to create online marketplaces
• Marketplacer secured their 100th
customer
• Woolworths went live on its marketplace as a key customer
• The Company also recently announced a global strategic partnership with Salesforce, which includes a strategic investment by Salesforce Ventures.
LVX GLOBAL
• LVX us a technology led engineering solutions business, which operates in the smart city/IOT space.
• LVX has committed to further investment by doubling headcount in the head office, to support revenue growth and pipeline expansion.
• Signed a partnership with Smart Cities Council as a global lead partner and will sponsor programs in Australia and the US
• Successfully acquiring logical bolt on’s to enhance product offering and improve margins
UCROO INC.
• Ucroo provides a modern, personalised digital campus that replaces outdated student portals.
• The company was added to the portfolio in the June quarter
• The platform was launched in mid-2018 and has secured over 50 higher education institutions and 100,000 users.
• Key customers include the Johnson & Wales University, Utah State University and Truman State University.
• Record wins in the month of June
• Bombora expects the company to IPO within the next 12 months.
14
Recent Portfolio Activity
EZYCOLLECT HOLDINGS LIMITED
• EzyCollect is an intelligent SaaS accounts receivables & payments platform that helps business to reduce late payments and empower business growth.
• Key growth drivers of ezyCollect include the network effect provided by the collections and payments platform and the US expansion expected to commence in FY22.
• Bombora recently launched a capital raising to fund growth initiatives ahead of a proposed IPO in CY23.
AORAKI HOLDCOLIMITED
• Aoraki is a SPAC recently incorporated alongside Julian Knights and Kerry McIntosh, both based in NZ (both ex Ironbridge).
• Aoraki has been established to acquire a NZ based high growth technology business which will list on the ASX.
• This is an exciting evolution of the Bombora process in identifying quality, high-growth companies in specific geographies
• Term sheet discussions already in place
DEMYST DATA LIMITED
• Demyst Data Limited is a platform which provides data solutions to large customers via an enterprise SaaS model.
• The company connects to external data sources, certifies the data, curates the data and then deploys use case scenarios for their clients.
• The Manager added Demyst to the portfolio in the quarter to 30 June 2021 through the company’s convertible note offer. Funds raised will be used to drive growth and prepare the company for an IPO within a 12–18-month period.
AORAKI
MURRI HOLDINGSLIMITED
• Murri Holdings Limited (“Murri”) is another SPAC incorporated by the Bombora team.
• During August 2021, Murri entered into a Term Sheet with 90 Seconds, an exciting video creation platform company.
• 90 Seconds offers highly professional video creation to 200 of the of the worlds best known brands.
• Bombora will be offering our investors the opportunity to participate in a co-investor opportunity for 90 Seconds over the course of September 2021
MURRI
Fund Outlook and Pipeline
15
01
The Bombora Fund
has 3 pre-IPO
holdings targeting
ASX listings within
the next 12 months
and a number of other
holdings targeting an
IPO in 12-24 months
02
The Investment Team
are reviewing our
listed equity portfolio
in light of a diversified
strategy, in particular
coming up to full year
reporting. We remain
confident in our
current active
holdings
03
The pipeline of
opportunities across
Listed Equity, IPO and
pre-IPO remains
extremely strong,
including several co-
investor opportunities
we look forward to
bringing to market
04
The Team remain
confident around the
Fund outlook for FY
2022, in particular due
to our active
management
approach and focus
on sustainable long-
term investing
Activity Pipeline and Co-investment Opportunities
AI pricing
Healthcare roll-up
Online apparel
ecom. roll-up
Video tech platform
Insurance tech ecomlogistics
Ecom. tech
Services market-
place
Education tech
Unlisted Portfolio
Listed Portfolio
5 – 10 New Opportunities Per Week
Co-investment Opportunities in Progress Latest Investments Actively Managed Portfolio
Screen, negotiate diligence Execute and invest
Rights issue
16
FundDetails
Investor Presentation • Confidential • Sept 2021
AN OFFERING TO WHOLESALE CLIENTS
Special Investments Growth Fund
• The Bombora Special Investments Growth Fund (Fund) uniquely provides investors with an actively managed portfolio of Pre IPO and Listed Equities in high growth companies
• The objective of the Fund is to construct a concentrated, high conviction portfolio of unique growth opportunities to deliver strong positive risk adjusted returns for investors over the
medium to long term
• Fundamental bottom up research, screening, diligence and structuring to provide investors with actively managed exposure to:
• Pre IPO & co-investment opportunities; and
• Active managed listed equities
• Team consists of professional executives, each with over 20 years experience in investments over multiple industries and geographic markets
• Bombora uses Industry Specialists to help drive value in our investments
• Experience spans funds management, direct investment, private equity, mergers & acquisitions and equity capital markets
• Bombora team are proven operators being Executives, Directors and Advisors to both private & public companies
• The Fund has returned +26.7% in the 12 months to 31 August 2021 and +119.6% since inception
• The Fund performance to date has been achieved with high levels of cash holdings and excludes further upside generated from incentive securities issued
• The Bombora strategy prior to the Fund launch (2013 – 2018) generated a CAGR of 29.6%.
• Fund Structure Unregistered Managed Investment Scheme structured as an Australian Unit Trust for WHOLESALE CLIENTS
• Information Memorandum: August 2020
• Fee Structure 1.5% Management Fee & 20% Performance Fee for fund outperformance over hurdle rate of 7%
18
Overview
Investment Strategy
InvestmentManager
Investment Performance
Offer Details
Key Fund FeaturesFund Name Bombora Special Investments Growth Fund (Fund)
Investment Manager and Trustee Bombora Investment Management Pty Limited (Bombora) ACN 625 413 390
Custodian and Administrator Mainstream Fund Services (part of the ASX listed entity Mainstream Group Holdings (ASX: MAI)
Fund Type Pre-IPO and Australian listed equity portfolio
Suggested Investment Horizon 3-5 years
Investor Eligibility Wholesale Clients, as defined in the Corporations Act 2001
Minimum Investment $50,000
Minimum Redemption $50,000 (subject to a minimum balance of $50,000)
Buy/Sell Spread 30 basis points
Fees and Expenses • Management fee of 1.5% p.a. of the Fund’s net asset value calculated and payable monthly in arrears
• Performance fee of 20% p.a. of the returns in a performance fee period exceeding the higher of the previous high-water mark and the hurdle rate. The performance fee is calculated and
payable quarterly in arrears
• The Trust incurs cost recovery to a maximum of 1% p.a. of the Trust’s net asset value
Hurdle Rate 7% p.a. (inclusive of management fee and cost recovery accrued)
Application Frequency Monthly
Valuations Unit price calculated monthly
Distributions Annually as at June 30. Distributions are automatically reinvested unless instructed otherwise
Redemption Frequency Quarterly
19
Case Studies
Appendix 1
Investor Presentation • Confidential • Sept 2021
21
rhipe has experienced rapid revenue growth and scale, from $40m revenue in FY12 to ~$380m in FY21
Overview
• rhipe Limited (RHP) offers cloud licensing of major software providers (including Microsoft, Citrix and VMware), a subscription management tool, and value-added services to IT services providers who bundle subscription offers to end users.
• The Company has expanded into high-growth South-East Asian markets since listing, including entering Thailand, the Philippines, Malaysia, Indonesia, South Korea, Sri Lanka and Japan.
• RHP’s subscription based sales model has seen revenue grow from $40.0m in FY12 to ~$380m in FY21 and EBITDA increasing by more than 6x between the same period.
Overview
Commentary and Investment Thesis
Sector Information Technology
Industry Subscription software distribution
LocationAustralia, New Zealand, Singapore, Malaysia, Philippines, Indonesia, Thailand, South Korea, Sri Lanka, Japan
Investment Date Apr-141
Current Market Cap A$397.9m2
Acquisition Value A$13.0m
Company Milestones
rhipe Limited - Pre-Fund Launch
1. RHP backdoor lists on the ASX with the assistance of Bombora through shell company FRR Corporation.
2. Following due diligence conducted by Bombora Group, rhipe raises capital October 2014 to fund the acquisition of nSynergy and an investment in ASX listed LiveTiles Limited (ASX:LVT).
3. RHP enters the ASX All Ordinaries in March 2015.
4. The Company announces a maiden fully franked dividend of 0.5 cents per share.
5. Mike Hill resigns from the board of RHP after a 5 year tenure, leaving the Company with a strong balance sheet and operations in 8 countries.
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5.0
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$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Volu
me
Share
Price
1
2
1. Announcement of RHP acquisition
2. As at 9 September 2021
3
5
4
• BMT provides a highly scalable, proprietary subscription-based Clinical Decision Support, that enables automation efficiency in pathology and hospitals.• A special purpose acquisition company was created by Bombora called Qpro Holdings in October 2018 which then acquired PKS Holdings Ltd and became the front door listing vehicle on the ASX in
June 2019 • In April 2020, PKS acquired 100% of Pavilion Health in an all scrip transaction at $8.5m implying a 1.9x FY19 revenue multiple and 5.1x FY19 Operational EBITDA multiple. Mike Hill – MD of Bombora
and Chairman of PKS Holdings was instrumental in driving this acquisition to its success through Bombora’s active management philosophy. • In mid August 2021, the company was renamed Beamtree Holdings Limited, a name expressing the natural flow of data which represents the basis of both original parts of the healthcare data
analytics software.• In late August, BMT announced the transformational acquisition of Potential(x) a complimentary and market leading specialist health and human services data analytics firm.• The acquisition takes pro forma revenue to more than $20m p.a. and earnings positive. • This has been a fantastic story for Bombora where the company was listed in 2019 at around $22m and as at this time is now circa $140m which significant high quality institutional investors on the
register.• BMT remains a core position in the Bombora Special Investments Growth Fund.
Overview
Overview Overview
Sector Health Care Equipment & Services
Industry Subscription software distribution
Location Australia, New Zealand, Singapore, Malaysia, South Africa, Europe, USA
Investment Date Jun-19
Current Market Cap A$156.6m1
Acquisition Value A$19.5m
Board representative Mike Hill
Overview BMT’s Acquisition of Potential(x)
Beamtree Holdings Limited – Cornerstone Investment
1. As at 9 September 2021
Commentary
BMT is a leading software technology company in the large and fast-growing global healthcare solution market.
22
Marketplacer Pty Ltd – Pre-IPO
Overview Commentary
Sector Information Technology
Industry E-Commerce
Location Australia
Investment Date Oct-19
Current Valuation A$85.0m
Entry Valuation A$51.0m
Board representative Bryan Zekulich
Website www.marketplacer.com
• Marketplacer provides the technology and infrastructure needed to establish and maintain online marketplaces for retail and B2B customers.
• Marketplacer has numerous revenue streams including recurring SaaS fees, Server Call fees on transactions made on the Marketplacer software, Consulting and Implementation fees as well as partnership fees (% share of the fees earned by enterprise partners such as Afterpay).
• The Company has spent the last 10 years focusing on the development of core technology as well as the capability to implement complimentary software solutions. The company is now pivoting focus to growing its sales team and winning contracts to develop online marketplaces for enterprise customers, especially large retailers.
• Marketplacer is also looking to ramp up global expansion and has a long term vision for being the “world’s factory” for developing large-scale online marketplaces.
• A special purpose acquisition company was created by Bombora called Cmint in mid 2019 which then acquired Marketplacer and will became the front door listing vehicle in 2021
• Bombora structured and led a $19.0m raising in the form of ordinary equity in CMint Limited (“IPO Company”) termed a “Pre IPO capital Raise”.
• The pre-IPO capital raise was used to fund the following growth strategies:
• Accelerate sales pipeline and contract wins, especially with large retail customers
• Geographical expansion beyond existing geographical reach
• Repayment of Marketplacer’s existing debt
• Marketplacer has also secured a partnership and strategic investment from Salesforce which could be transformational as the company enters the US market.
Marketplacer has powered globally successful online marketplaces for over 10 years
Marketplacer Customers
23
Investment process
Appendix 2
Investor Presentation • Confidential • Sept 2021
25
Investment Process
Opportunity
sourcing
A key strength of the
Bombora team is the
capability to source truly
unique opportunities
ahead of the market
Initial
opportunity
screening
Bombora investment
experience ensures a
reliable and rigorous
screening process
utilising Industry
Specialists
Due
diligence
High Conviction
positions drive detailed
due diligence being
undertaken following
initial opportunity
screening
Investment
Committee
Approval
Diverse and experienced
Investment Committee
need to unanimously
approve the execution of
any transaction
Ongoing
reporting and
monitoring
Active investment
positions with a view of
partnership designed
for Bombora to stay on
top of performance
Team Biographies
Appendix 2
Investor Presentation • Confidential • Sept 2021
Investment Team & Committee
Mike HillManaging Director &
Chief Investment Officer
• Mike was an Operational Partner of
Ironbridge from 2004 to 2014, a private
equity firm with $1.5bn funds under
management. He led and was involved in a
number of transactions across a variety of
different industries. Prior to this, Mike was
a Partner of Ernst & Young
• Co-Founder of Bombora Group in 2014
• Current Board positions include Chairman
of the Board of Janison Education Group
Limited (ASX: JAN), Beamtree Holdings
Limited (ASX:BMT), Design Milk Co Limited
(ASX: DMC) and Orbx Investments Limited
and Non-Executive Director of Mad Paws
Limited (ASX:MPA), Gratifii Limited
(ASX:GTI) and Path Group Inc.
• Member of the Australian Institute of
Chartered Accountants and holds a
Bachelor of Arts Degree (Accountancy)
from the University of South Australia
David WillingtonPortfolio Manager
Equities
• David has over 25 years’ experience in
corporate finance and investment banking
and during his career has primarily advised
companies in the technology, media and
telecommunications industry
• David is the Chairman of EzyCollect
Holdings Limited and sits on the Board of
Janison Education Group Limited (ASX:
JAN)
• Previously, David was a Senior Partner at
Deloitte Corporate Finance and prior to that
was an investment banker with NM
Rothschild and Citi
• David has a Bachelor of Commerce, is a
member of the Institute of Chartered
Accountants in Australia and is a Fellow of
the Financial Services Institute of Australia
Bryan Zekulich
Portfolio Manager
Pre IPO Strategy
• Bryan was the Managing Partner of EY’s
Private Equity Sector for over 15 years’.
Bryan is also a Board member, Treasurer
and Company Secretary of the Australian
Investment Council (formerly the Australian
Private Equity and Venture Capital
Association “AVCAL”)
• Significant experience in mergers &
acquisitions, divestments, strategic finance,
capital raisings and advising on the
Australian stock exchange listing
requirements
• Bryan currently sits on the board of
BikeExchange Limited (ASX:BEX) and
Gratifii Limited (ASX:GTI)
• Bryan has a Bachelor of Commerce from
The University of Western Australia, Fellow
of the Institute of Chartered Accountants of
Australia (FCA) and Fellow of the Financial
Services Institute of Australia (FINSIA), F.
Fin
27
Brett Chenoweth
• Brett co-founded Bombora Group 2014. He
has over 25 years’ operating experience in
media, technology, telecommunications
and digital businesses -- most recently as
Managing Director and Chief Executive
Officer of APN News and Media Limited. He
has held senior executive roles at the New
York based investment firm Silverfern
Group, Telecom New Zealand, Publishing &
Broadcasting Limited, ecorp, ninemsn and
Village Roadshow Limited.
• Brett is currently Chairman of Adairs
Limited (ASX: ADH), Madman
Entertainment and Canberra Data Centres
(CDC). He serves as the Chairman of the
Advisory Board of H.R.L Morrison & Co. and
sits on the boards of Janison Education
Group Limited (ASX: JAN), NSW Land
Registry, Vodafone NZ, Saxtons Speakers
Bureau and Surfing Australia.
• Brett has a Bachelor of Laws and a
Bachelor of Economics from the University
of Queensland, and a Graduate Diploma in
Applied Finance and Investment from the
Securities Institute of Australia
Chairman of Investment
Committee
Investment Team & Industry Specialists
Emily MohanAssociate
Garren Keane-RobbinsInvestment Associate
• Advait is a Portfolio Analyst at
Bombora. Prior to joining the
Bombora team, he was an
Equity Research cadet at UBS
investment bank working in the
small caps team
• Advait is the youngest global
winner of the ASX (Opens) Share
market game
• Advait is in the process of
completing a Bachelor of
Commerce degree from UNSW
28
• Emily joined Bombora in June
2020 as an Associate
• Previous background includes
over 8 years experience in
corporate finance and equity
research. Key responsibilities
included structuring and
executing capital raisings (both
listed and unlisted), initial public
offerings, and general corporate
advice. Emily also has a good
understanding or ASX listing
requirements
• Prior to joining Bombora, Emily
was a Corporate Finance
Analyst at Blue Ocean Equities,
with an emphasis on small cap
emerging companies,
particularly across the
technology and healthcare
sectors
• Emily holds a Bachelor of
Commerce degree from
Macquarie University
• Garren joined Bombora in July
2021 as an Investment
Associate.
• Previously, Garren was an
Associate at Citi in the General
Industrials and Financial
Sponsors team where he was
involved in a range of M&A and
financing transactions.
• Prior to joining Citi, Garren
worked at Rothschild in
investment banking and
Schroders in asset
management.
• Garren holds a Bachelor of
Commerce (Co-op, Honours)
degree from the University of
New South Wales.
Advait JoshiPortfolio Analyst
Julian Knights AO Industry Specialist
• Founding Partner of Gresham
Private Equity (majority owned
by Wesfarmers) and Founding
Partner of Ironbridge in 2001
• 15 years of private equity
experience raising
approximately $1.75bn of funds
under management and 17
years investment banking
experience in the UK and
Australia
• In 2008 served as the Chairman
of AVCAL (Australian Private
Equity and Venture Capital
Association)
• In 2013 was appointed as the
Chair of the Major Performing
Arts Board of the Australia
Council
• Julian qualified as a solicitor and
holds BComm and LLB degrees
from the University of the
Witwatersrand
Greg RuddockIndustry Specialist
• Founder and Joint CEO of
Ironbridge successfully raising
and investing the 2001 $450m
fund and the 2006 $1.05bn fund
• Prior to forming Ironbridge, Greg
joined Gresham Private Equity in
1999 and had 12 years
operational experience at
Wesfarmers
• Has represented Ironbridge on
the Boards of Stardex, Super A-
mart, EnviroWaste, Easternwell,
FleetPartners (now Eclipx), ISGM
and AOS. Greg is currently a
Director of Eclipx Group Limited
(ASX: ECX) and Navigator
Resources Limited (ASX: NAV)
• Greg currently serves on the
board of Prospa Group Limited
(ASX:PGL)
• Greg qualified as an accountant
and holds a Bachelor of
Commerce degree from the
University of WA
Chris Colfer
• Chris has Chairman, Chief
Executive and Board Director
experience with an exemplary
track record in multiple industry
sectors including luxury goods,
branded goods and E-
Commerce. He is highly skilled
in strategy, retail, e-commerce,
business development and
marketing
• He has deep technology
experience having served on the
boards of Net A Porter and
LYST, in both cases overseeing
their growth from start-ups to
global businesses.
• Chris currently sits on a number
of technology and consumer
goods boards, including Medik8,
Woolworths Holdings Limited,
Nude by Nature, Mobile Digital,
Design Milk Co Limited (ASX:
DMC) and SQUIZ.
Industry Specialist
Bombora
“An indigenous Australian term for an area of submerged rock
shelf, reef or sand bank that is located some distance from the
shoreline that causes waves to surge as they pass over it.”
29
DisclaimerThis Investor Presentation (Investor Presentation) contains information about Bombora Special Investments Growth Fund (Fund). The Fund is an unregistered managed investment scheme pursuant tosection 601ED(2) of the Corporations Act 2001 (Cth) (Corporations Act). This Investor Presentation is issued by Bombora Investment Management Pty Ltd ACN 625 413 390 (Trustee or Bombora). ThisInvestment Presentation is a summary of an information memorandum that has been prepared by Bombora with respect to the Fund (Information Memorandum), the Information Memorandum containsfurther information regarding the fund including the risks of investing in the Fund.
This Investor Presentation is intended solely for the use of the person to whom it has been delivered (Recipient) for the purposes of evaluating a possible investment in the Fund. It is not to be reproducedor distributed to any person (other than professional advisers of the Recipient) without Bombora’s prior written consent.
This Investor Presentation has been prepared for Wholesale Clients only , is not, and is not required to be a disclosure document or product disclosure statement within the meaning of the CorporationsAct. This Investor Presentation may not contain the same level of disclosure as those documents and has not been, and is not required to be, lodged with the Australian Securities & InvestmentsCommission (ASIC).
The Trustee is a corporate authorised representative of Ironbridge Capital Management Pty Limited ACN 105 880 108 (AFSL No. 237556) and is authorised to provide advisory, dealing and custodialservices in connection with the Fund to Wholesale Clients only.
Investment DecisionApplicants should read this Investor Presentation and the Information Memorandum in their entirety before deciding to apply for Units. This Investor Presentation does not take into account the individualcircumstances of any investor, nor does it give financial product advice. Accordingly, investors should obtain independent legal, financial and taxation advice before making a decision to invest in theFund.
An investment in this Fund carries risks. An outline of some of the risks that apply to an investment in the Fund is set out in Section 6 of the Information Memorandum. Applicants are urged to considerthis section of the Information Memorandum carefully before deciding to apply for Units. No person is authorised to give any information or make any representation in connection with the Offer which isnot contained in this Investor Presentation or the Information Memorandum. Neither the Fund, The Trustee nor its respective affiliates, related bodies corporate, directors, officers, employees,representatives or advisers accept any liability for any loss or damage suffered or incurred by the investor or any other person or entity however caused (including negligence) relating in any way to thisInvestor Presentation or the Information Memorandum.
Forward Looking StatementsThis Investor Presentation contains forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. Theseforward looking statements are subject to risks, uncertainties and assumptions which could cause actual results or events to differ materially from the expectations described in such forward lookingstatements. While the Fund believes that the expectations reflected in the forward looking statements in this Investor Presentation are reasonable, no assurance can be given that such expectations willprove to be correct. The risk factors set out in Section 6 of the Information Memorandum, as well as other matters as yet not known to the Fund or not currently considered material by the Fund, maycause actual results or events to be materially different from those expressed, implied or projected in any forward looking statements. Any forward looking statement contained in this InvestorPresentation is qualified by this cautionary statement.
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Investor Presentation • Confidential • Sept 2021
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