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Bayard Group, in partnership with ANZ Capital, acquires Talgentra, leading provider of software solutions to utility and airport industries

  • 06 December, 2007 13:20

<p>Auckland, December 6, 2007 – Talgentra, the leading provider of billing and revenue management solutions to utility and airport companies in New Zealand and Australia, announced today its transfer of ownership to global energy expert Bayard Group and local private equity group ANZ Capital.</p>
<p>Bayard and ANZ Capital are expected to provide an increased impetus for growth to a local business that currently supplies enterprise software solutions to more than 90 electricity, gas, water and airport companies around the world.</p>
<p>Talgentra CEO James Docking commented: “With the recent spate of acquisitions in the software market, we had to consider what was best for our business, in particular what ownership options could support the growth of our flagship solutions Gentrack, mDATA21, Airport 20/20 and ServicePoint. We wanted to avoid a competitor buy-out given the strong business culture and local experience that has underpinned our success over the past 20 years. An ANZ Capital and Bayard Group partnership provides the cornerstone stability required to further develop our own solutions and enhance our business.”</p>
<p>Indeed significant mergers and acquisitions have changed the face of the enterprise
application software market globally resulting in the emergence of ‘super-sized’ US and European vendors competing in the Tier 1 space. To ensure Talgentra continues to successfully compete with its larger competitors, Talgentra’s focus is on being agile and delivering specific local expertise within target markets -a specialist rather than a generalist. Through utilising the support and experience of Bayard Group and ANZ Capital, Talgentra plans to expand its current footprint further into the US and Europe.</p>
<p>“This new ownership preserves Talgentra’s winning business model including the specialist business and technical teams employed across our Auckland and Melbourne offices. We will continue to deliver ‘Tier 1 solutions without the tears’. In particular it is a significant opportunity for our mDATA21 product growth in meter data management solutions to support the roll-out of “Smart Metering” technologies throughout Australia, New Zealand, USA and Europe.”</p>
<p>Financial terms and conditions of the deal were not disclosed. Final transfer of ownership from London based Alchemy, a private equity advisory business, is expected to be completed by the 1 December 2007. More information on Talgentra can be found at</p>
<p>About Bayard</p>
<p>Bayard was established by Cameron O’Reilly and a number of foundation investors in 2002, creating a multi-billion dollar business focused on environmentally friendly and ‘green’ industry segments. Through a highly targeted acquisition strategy, Bayard has built a global energy measurement business which is now a market leader in electricity meters and has a strong position in the rapidly growing advanced or smart metering systems market.</p>
<p>The current principal shareholders of Bayard Group are major institutional investors and prominent private investors including Propel Investments, Allianz Capital Partners, Douglas Myers, John B. Fairfax, Sofina S.A., Dubai International Capital, Sir Anthony O'Reilly, Kerry Stokes, Carla Zampatti, the Jack and Robert Smorgon Families, and Cameron O'Reilly. In turn, these shareholders are represented by a highly experienced board of directors.</p>
<p>Today, Bayard has annualised sales of approximately US$1.2 billion with EBITDA of approximately US$200ml. Bayard employs more than 5,000 staff worldwide and has
operations in 30 countries. More at</p>
<p>About ANZ Capital</p>
<p>ANZ Capital was established to assist Australasia's aspiring private businesses in facing the challenges of funding growth, expansion and acquisition opportunities,
managing funding needs arising around business succession, exit strategies, release of capital or management buy-outs and buy-ins.</p>
<p>ANZ Capital has now invested greater than $400m in more than 70 investments across a range of sectors helping them and their owners to achieve their goals.</p>
<p>Focusing first and foremost on understanding the needs of private mid-sized companies and their shareholders, ANZ Capital advises on financial and strategic
issues, and design and delivery of innovative capital solutions that help to achieve those goals identified.</p>
Talgentra Limited
Aaron Baker -Marketing Executive
Phone: +64 9 966 6100

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