Helmsman Capital Information

Helmsman Capital (“Helmsman”) is a special situation investor that has raised over $140 million from institutional and sophisticated investors to provide a combination of turnaround capital and restructuring expertise to underperforming businesses in Australia and New Zealand. The type of investments Helmsman undertakes include financial restructures, operational turnarounds, industry consolidation and debt for subsequent ownership or control. Helmsman targets businesses with enterprise values between $10m and $150m in all sectors, except for extractive mining and direct real estate. Helmsman commenced operations in 2002 as trustee and manager of the Helmsman Capital Fund (HCF), a demonstration fund to prove up the concept of special situations investing in Australia and New Zealand. On the back of the successful performance of HCF (Net IRR of 40%), Helmsman completed its fund raising in 2008 for Helmsman Capital Fund II (HCF II), a $96.75m fund which is presently 53% invested across four investments.