Investments

ODYSSEY FUND 8

Delta Agribusiness
May 2019

Delta Agribusiness (Delta Ag) is one of Australia’s fastest growing rural service companies.  The business has a network of branches throughout NSW and Southern Queensland that provide agronomy advice to farmers, sell farm inputs such as fertilisers, crop protection products, seed and general merchandise, and provide livestock, grain advisory and marketing services.

Delta Ag is recognized as an innovative and dynamic market leader.  The company growing strongly with increasing demand for agricultural products from increasing populations across Australia and broader Asia.  Delta Ag has also established Goanna Ag, an Ag Tech leader in distributed sensor networks incorporating IoT technology.

Odyssey acquired a strategic stake in Delta Ag, partnering with existing employee shareholders.

www.deltaagribusiness.com.au

Sushi Sushi
May 2019

Sushi Sushi supplies sushi and other Japanese-inspired healthy convenience foods through a network of company-owned stores, franchised stores and commercial sales channels throughout Australia.

Increasing consumer preference for healthy and convenient meals is driving strong demand for sushi and other healthy food options.
Sushi Sushi is vertically-integrated, with a commitment to innovation, quality food and a superior customer experience.

www.sushisushi.com.au

Minesite Technologies
June 2018

Minesite Technologies (MST) is a leading provider of unified communications products, digital infrastructure, real-time tracking and asset management solutions, predominantly for the mining and tunnelling sectors.  MST has a high-quality, global installed base and a strong reputation for product quality and customer service.

Miners are focussed on driving continuous productivity and safety improvements across their portfolio of operating mines.  MST’s products allow customers to capture and analyse operational data in real-time during the production phase of the mine life cycle.

www.mstglobal.com

Adventure Operations
January 2018

Adventure Operations is a market leading platform business, formed from the merger of two leading brands in the outdoor recreation products segment:

  • OZTrail has a 25-year track record and wide product range of tents, gazebos, furniture, sleeping bags which are sold through major Australian retailers and independent outdoor stores
  • Companion Brands is a major provider of branded products in the outdoor and hardware sectors, including gas cookers, torches, coolers and kitchen accessories

The global outdoor and camping equipment market is growing strongly, due to increasing consumer demand for recreation and experiential activities.
Adventure Operations is developing innovative products for day-use, sporting clubs and outdoor leisure activities alongside traditional camping products. Odyssey is also investing in procurement and distribution capability.

www.oztrail.com.au
www.companionbrands.com.au

RECENT REALISATIONS

Odyssey’s partners have recently driven the realisation of the following successful investments

2012 – 2018

RSEA is a leading vertically integrated provider of industrial safety, road safety and hire equipment.

The business operates a network of trade stores, online sales, and direct sales for corporate customers.

RSEA was sold to Intermediate Capital Group in May 2018.

2016 – 2018

Macpac is an iconic New Zealand brand with a heritage extending back to 1973.

The business retails high-performance outdoor products and apparel, through a growing online channel and a store network extending throughout New Zealand and Australia.  Macpac also sells to commercial customers and export distributors in Europe, Japan and Amazon in the USA.

Macpac was acquired by Super Retail Group Limited (SUL.AX) in March 2018. The transaction received the Chairman’s Award for the Best Retail Growth Company exit, at the 2018 Australian Growth Company Awards.

2008 – 2016

HE-Parts is the world’s largest supplier of non-OEM aftermarket wear parts to equipment used in the mining sector, with operations in Australia, the USA, Canada, Chile and Peru.

The business has developed a proprietary range of engineered components, that are tailored for specific customers and operating conditions and sourced in-house and from a network of high-quality suppliers.

H-E Parts was acquired by Hitachi Construction in December 2016.

2007 – 2015

Taura Natural Ingredients is a manufacturer of value-added fruit pieces and pastes to a global customers in the fruit snacks, cereals and nutritional bar segments.

The business has unique IP, producing from plants in Belgium and New Zealand and with a growing presence in the USA.

Taura was acquired by Frutarom (FRUT.TLV), a listed European flavours and ingredients company, in June 2015.

2011 – 2014

SG Fleet is the Australian market leader in automotive fleet management services to government, corporations and their employees.

The fleet sector continues to deliver strong organic growth from customers increasing relying on SG Fleet’s specialist skills.  SG Fleet also operates in New Zealand and is expanding into the United Kingdom.

SG Fleet listed on the ASX in March 2014 (SGF.AX).

OTHER FUNDS

Odyssey’s partners are currently involved with the following investments from prior funds

2014 – Present

TR Group is the New Zealand market leader in truck and trailer leasing, rental and used vehicle sales, with a fleet of more than 4,000 vehicles. The company was founded in 1992 and has a network of branches throughout New Zealand.

As heavy truck specialists, TR Group has developed a high-quality service offering that has driven an increase in the leasing and fleet management of heavy trucks in New Zealand, across a wide range of customer segments.

2014 – Present

Cater Care is a national provider of contract catering to remote mining and resources sites, aged care facilities, airports, universities, schools and corporate facilities.

The business has a differentiated approach of tailoring a solution for every customer and ‘cooking fresh’ with chefs on-site.

2010 – Present

Lorna Jane is a leading women’s active wear brand with global operations spanning Australia, USA, China and many other countries across Europe and Asia.

The business was founded in Brisbane and has grown over more than 25 years to become a global vertically-integrated business, with a network of retail stores in Australia and the United States, a global online sales capability and a growing international wholesale business.

PREVIOUS INVESTMENTS

Previous investments involving Odyssey’s partners include the following

Sea Swift
2012 – Present

Market leader in marine freight and logistics in Far North Queensland and the Northern Territory.

APB Modular
2007 – 2012

Integrated, national provider of modular building solutions to resources, education and infrastructure customers

Intercast & Forge
2005 – 2012

Major independent manufacturer of ferrous castings for rail fastening systems and critical automotive components

Amdel
2005 – 2008

Australian market leader in minerals testing for mining companies, with deep expertise in geochemical testing and metallurgical analysis

Mulford International
2006 – 2010

Leading distributor of plastic sheeting and engineering plastics, throughout Australia, New Zealand and Asia

Australian Temporary Fencing
2004 – 2006

Market-leading hirer of temporary fencing and height safety solutions to the construction, infrastructure and events sectors

Minelab Electronics
2002 – 2008

World leader in metal detector technologies for humanitarian demining, consumer and military applications

Nudie Foods
2004 – 2007

Pioneer in the development of a ‘super premium’ fresh juice category in Australian food service and grocery channels

Video Ezy Australasia
2002 – 2005

Australia’s largest franchise operator for DVD rental and retail

Dexion Asia Pacific
2003 – 2005

Leading brand in industrial pallet-racking, commercial shelving and automated warehouse technology

Retail Apparel Group
2004 – 2011

Smart-casual menswear retailer, operating under ‘Tarocash’, ‘yD’ and ‘Connor’ brands