Current Investments
Active Adventures is a multi-national adventure tourism business that provides experiences of a lifetime to destinations such as New Zealand, South America, Himalayas and Europe.
ACD is a fast, free and independent service that works with families to assist in finding both home and residential aged care services for a loved one in Australia. This allows families to make an independent and hassle-free decision with no stress all for free.
Aura Medical Group is a doctor-led medical skin and aesthetic clinic business. The business is focused on partnering with clinicians to provide support and scale of a group whilst retaining a high level of quality medical care for clients and patients.
Birch & Waite is a manufacturer of premium mayonnaise, sauces, dressings and desserts for customers in the foodservice, food manufacturing, retail and export channels.
Nomad Breads (formerly known as Wild Breads) is an Australian artisan bakery. The business established a frozen par-baked automated manufacturing facility for the foodservice market.
Nutra Organics is a health and wellness functional foods business with a focus on segments such as bone broths, superfoods and collagen powders. The business is focused on growth initiatives in e-commerce, pharmacy and specialty retail as well as export, with an exciting new product development pipeline.
Shorthand is the no-code, design-done platform for creating immersive web experiences. Shorthand underpins the editorial and feature storytelling capabilities for hundreds of iconic news and brand publishers globally. The business is focused on accelerating its product, sales, and marketing functions to meet the growing demand for immersive web content.
The Energy Network (TEN) was founded in 1998 with a vision to offer quality products to the electricity industry. Today, the business is a leading supplier of quality tools and construction equipment for the wider energy industry.
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.
Realised Investments
Birch & Waite is a manufacturer of premium mayonnaise, sauces, dressings and desserts for customers in the foodservice, food manufacturing, retail and export channels.
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 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.
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 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.
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 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 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.