Link Market Services Limited (Link) today announced that it has made another acquisition, this time purchasing complementary business Orient Capital Pty Ltd (Orient Capital) from Australian Stock Exchange Limited (ASX).
Link’s latest acquisition follows a number of other successful acquisitions here and abroad. In April 2004, Link purchased the registry services business of Pitcher Partners Queensland. In October 2004 Link acquired the Australian employee share services business of Mellon HR & IS. It then entered the New Zealand market in January 2005 with joint venture partner New Zealand Exchange Limited. In March this year, Link announced both its move into the Western Australian share registry market with local partner Patersons Securities Limited, as well as its newly acquired majority holding in South Africa’s second largest share registry.
In July Link acquired investor relations business Corporate File Pty Ltd (Corporate File) and yesterday, it was announced that Link had acquired superannuation administrator Australian Administration Services (AAS). Orient Capital is a success story in its own right thanks to a strong management team – the existing management team will continue to play a vital role in the ongoing success of the
business.
“Since our acquisition by Pacific Equity Partners (PEP) in August 2005, we have actively pursued our Australasian growth strategy and continued to successfully attract new, high profile clients,” remarks John McMurtrie, Link’s Managing Director. This move demonstrates that its growth strategy includes geographic and product diversification.
About Link Market Services
Link Market Services Limited – formerly known as ASX Perpetual Limited – is a leading provider of services and technology to financial market participants in Australasia. Link seamlessly delivers a range of services to clients from its offices in Sydney, Melbourne, Brisbane,
Auckland, Ashburton and Johannesburg. With over 8 million holder records under management Link maintains the registers of almost 500 entities.
Link has a strong reputation in financial record keeping, principally as a share registry in Australia, New Zealand and South Africa. Link has recently extended its offering to include company secretarial, managed funds outsourcing and Corporate File to its core registry services.
Link’s recent growth initiatives include:
About Orient Capital
Orient Capital enables listed entities to market their equity capital by providing both the intelligence to understand their institutional shareholders and the tools to manage their market communications.
We have been at the forefront of investor relations in Australia for over 15 years and have an exceptional reputation for service delivery. We excel in the development of innovative technology solutions that leverage our capital market intelligence for the investor relations industry. Our solutions contribute to enhanced liquidity, reduced cost of equity capital and improved management of capital market risk.
With more than 170 clients throughout Australia and Asia Pacific relying on us for the accuracy of our ownership data and the depth of our institutional market intelligence, we are the leading provider of investor relations products and services to listed entities in the region.
For further information please contact us.
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