About Your Firm…
LCC Asia Pacific is an independent investment banking firm operating out of Sydney and Brisbane in Australia. LCC was founded in 2004. The Firm provides both strategic consulting and investment banking services to both public & private corporate clients in the mid- to upper mid-market ($50 million and $1 billion in enterprise value), principally in the following sectors:
- Engineering, Contracting & Complex Services
- Oil Field, Energy & Infrastructure Services
- Renewables, Water, Environmental & Waste Services
- Industrials including Industrial Technology & “Smart Manufacturing”
- Mining & Resources
- ICT & Logistics
Describe the corporate market in Australia and Asia
While the U.S and Europe tend to have a broader number of companies in the mid-market, Australia and Asia markets typically look like an “hour-glass”. A market map would illustrate many smaller companies at the bottom, a number of larger companies at the top and lower concentration in the middle. Mid-market companies in Australia and Asia tend to get acquired when they demonstrate a number of key positive factors – hence the lower number of constituents.
Across Australasia pension funds tend to invest in mid-caps as they become “Stock Index Relevant”. You can then see valuations of many mid-caps become “full” in time from such index related investment inflows, and as a strategy, identifying those that are likely to be on this trajectory and acquiring them before they hit high valuations can be highly effective.