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Recent Transactions
Silver Chef Finance Group
Huntington has acted for Silver Chef with its debt and equity capital issues since 2004. The Company
now has a market capitalisation of approximately $80 million ($11 million at the 2005 ASX float). In
particular we:
Structured and arranged Silver Chef’s $10 million unsecured note issue in May 2004. Wilson HTM
acted as lead manager to the Issue. Silver Chef (founded in 1986) provides equipment rental finance to
the food services and other sectors.
The group parent, Silver Chef Limited, raised $8 million in an equity and convertible note issue in
April and May 2005 and listed on ASX on 31 May 2005.
The Company has issued further debt since the original Note issue, the most recent being a $74
million facility with CBA in 2010.
PTB Group Limited (formerly Pacific Turbine Brisbane Limited)
Acted for Pacific Turbine in structuring and arranging the raising of approximately $4 million in equity
capital over the four months to February 2005. PTB listed on the Newcastle Exchange in February
2005.
In March 2006 Huntington completed the raising of $4.5 million in unsecured note funding, mainly to
fund the expansion of PTB’s US engine rental pool.
Assisted in structuring the $12.9 million acquisition of IAP Group (in August 2006) and the related
capital raising.
Assisted in structuring and funding the $16 million Emerald aircraft acquisition in October/November
2006.
Advised PTB on its move to ASX and the related $5 million capital raising in December 2006.
PTB operates a specialist turbine engine repair and overhaul business (in Brisbane), the IAP spare parts
supply business based in Sydney and the Financing and Rentals business for turbine engines and air
frames.
S8 Limited
Structured and arranged (with co promoters) the ASX listing of S8 Limited, a South-East Queenslandbased
property management services company. At the time of listing in December 2001, S8 was
capitalised at $27 million. In December 2006 at the time of its takeover by MFS its capitalisation had
increased to over $700 million.
Equity Investment
Capital raising activity has been relatively quiet over the last three years. Huntington has been active in
working with client companies in negotiating the difficult period and in positioning them for expansion
when opportunities arise.
We have been active investors in listed stocks through the Global Financial Crisis period.
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