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Birch & Waite
Birch & Waite is a manufacturer of premium mayonnaise, sauces, dressings and desserts for customers in the foodservice, food manufacturing, retail and export channels.
GM Hotels
Fortitude Investment Partners sold 11 Adelaide-based pubs for $160 million, delivering a return of two times invested capital in February 2023.
The sale of GM Hotels generated an internal rate of return (IRR) of greater than 15%.
Shopper
Shopper is Australia’s fastest growing digital retail out-of-home provider. It has a 100% digital inventory across 370+ grocery centric shopping centres that is complimented with WiFi technology to deliver unique insights to its clients.
Shopper was sold to Cartology, a wholly owned division of Woolworths, in September 2022.
Quality Foods & Beverages
QFB was established in 1988, and has grown to provide food and beverage items to schools, restaurants, and take-away groups throughout South-East Queensland.
Through two investments into QFB by Fortitude, the business acquired smaller peers in the fragmented food and beverage market, and cemented its positioning as the local market leader.
QFB was sold to Superior Food Services in December 2021.
Better Medical
Better Medical is a premium family-practice medical centre operator focusing on quality medicine and community engagement.
Through two investments into Better Medical, the business expanded its operations from 6 clinics to 35 at exit, and grew General Practitioners (GPs) from 30 to over 200 across South Australia, Queensland, Victoria and Tasmania.
Better Medical was sold to Livingbridge in January 2021.
Hospital Pharmacy Services
HPS is a market leading provider of outsourced pharmacy services to hospitals, oncology clinics and correctional facilities in Australia.
The investment in HPS was made to help restructure the business and accelerate its growth through securing new contracts and expanding its service offering.
HPS was sold to EBOS in June 2017 and the investment won ‘Exit of the Year’ at the Australian Growth Company Awards in October 2017.
Foundation Early Learning
Foundation Early learning is an early learning provider in Australia.
During the investment, the team helped grow the number of centres from nil to 32 and build a pipeline for a sustained future.
Foundation Early Learning was sold to Busy Bees, one of the world’s largest operators of early learning and care centres, in June 2018.
Readify
Readify is a software development and consulting business focusing on delivering complex IT solutions to large and mid-sized Australian companies.
The investment in Readify was made to help restructure the shareholding, as well as fund growth through acquisitions. During the investment, we held discussions with 45 potential acquisition targets, eventually investing in and integrating two businesses.
Readify was sold to Telstra in June 2016.
Machines4U
Machines4U is an independent, multi-award-winning equipment and machinery online marketplace designed by industry specialists for the benefit of Australian manufacturing, mining, construction and farming businesses.