Mydeal
Gandel Invest acquired a significant stake in MyDeal in March 2017 as the only private equity funding in the Business.
MyDeal is an online marketplace selling a vast range of merchandise directly to the public via its website.
We worked with management to build the business as Covid-19 lockdowns hit across Australia.
We provided additional funding as part of a Pre-IPO Convertible Note.
MyDeal successfully listed on the ASX in October 2020, with Gandel Invest holding a 20% interest in the business.
Silk Logistics
Gandel Invest acquired a 50% interest in Silk Logistics from Greshams in February 2014 as part of a Management Buy-out.
The Business is a significant logistics provider with facilities and trucks across Australia near Ports.
We were involved at Board level, guiding the company to recruit staff, improve IT systems, obtain debt facilities, fill empty warehouses, repositioned the fleet of trucks and lease new premises near ports.
The business successfully grew top line income, managed costs and improved profit significantly.
Gandel Invest sold its 50% interest to the management team in February 2016 for a 10x multiple after two years of investment.
Somers subdivision in Greenvale
Somers Estate was identified as a strategic infill development site located in the suburb of Greenvale in Melbourne’s north-west.
The site consisted of 5.76 hectares which Gandel Invest transformed into a seventy-three lot planned subdivision.
Gandel Invest successfully worked through stringent planning and native vegetation policies as well as design and engineering complexities to deliver a profitable planning permit.
Marketing and sales activities commenced in October 2017 and the five staged lot release generated huge interest and sales.
After a successful sales campaign, construction commenced in early 2018 and lot handover and settlements were completed ahead of schedule.
The subdivision was purchased in May 2016 and completed in August 2019 and resulted in a return of over 65% on the development over three and half years.
Chefgood
Gandel Invest acquired a majority interest in Chefgood in April 2019.
The Business prepared readymade meals in Victoria and sold daily or weekly meal packages directly to the public via its website.
We were involved at Board and management level to reposition the Business.
Improvements were made to financial management and reporting, marketing was redirected towards social media and influencers and the weekly meals on offer were reduced.
The website was redesigned, purchasing efficiency was increased, reliance on gyms for sales ceased and overall pricing for meals was reduced.
Sales increased dramatically and costs were controlled, resulting in steep growth in margins and profits.
Chefgood was acquired by Marley Spoon in December 2021 for a 11x multiple after two and a half years of investment.