For immediate release
Resource Banq Group’s Asset Management arm has successfully has completed fundraising, which was substantially oversubscribed. The size of the fund was undisclosed, however, it is giving CEO John McAlpine significant opportunities to look at acquisitions in the Early Childhood Education sector.
Resource Banq Group, a Brisbane-based private investment firm announced today that it has successfully completed fundraising, which was substantially oversubscribed. Resource Banq Group’s Education Division will continue the successful investment strategy employed by the firm’s management team: targeting niche educational businesses with revenues of $200k to $10 million for control buyout transactions. Investors in Resource Banq Group’s seed round were exclusively HNW individuals, who were attracted by the results being achieved through Resource Banq Group’s unique approach.
“We are thrilled with the reception Resource BanQ Group has received from such a highly respected group of individual investors,” said John McAlpine, CEO, “This is an important milestone for Resource Banq Group and we believe investor interest confirms our strategy to invest in lower middle market companies that can truly benefit from our operational and financial support.” Resource Banq Group has assembled an experienced team to lead the investment vehicle and actively manage the target companies.
The management team has experience in various acquisitions and is backed by a group of distinguished investors who have deep experience and expertise in unlocking business opportunities, structuring deals, and operating numerous private and public companies. “We have formed a highly regarded team of advisors in the education space and we are set to lead the sector,” said Mr. McAlpine. Prior to founding Resource Banq Group, Mr. McAlpine built a highly visible Australian media business that raised the profile of national brands using out-of-home advertising techniques. Mr. McAlpine also led the process for the potential acquisition of the failing Borders Book stores in Australia and New Zealand, successfully raising $12M in committed capital during the height of the Global Financial Crisis.
“Resource Banq Group presents business owners with more than simply capital. Entrepreneurs look for growth and Resource Banq Group is built by entrepreneurs and funded by entrepreneurs, so we bring a level of understanding that most other capital cannot provide,” said Mr. McAlpine. Resource Banq Group has a unique structure using industry specialist groups within the group. Mr. McAlpine added, “Each sub-group has deep industry experience to grow each company they advise, while our central group makes the financial transaction smooth and simple for the business acquisition to proceed without interrupting the business operations of the acquired company.”
For more information on Resource Banq Group please visit rbgroup.com.au
ABOUT RESOURCE BANQ GROUP
Resource Banq Group (www.rbgroup.com.au), headquartered in Brisbane, Australia is a conglomerate investment firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets. Since its founding in 2009 by John McAlpine, Resource Banq Group
Resource Banq Group’s strategy is to partner with middle market companies in Australia which have outstanding management teams and possess the potential for substantial growth and profit improvement. For more information, please visit: rbgroup.com.au