PRIVATE EQUITY MARKETS

• Force Corp - acted as lead advisor in raising additional capital to support the company's strategic growth and ongoing working capital requirements.
• Sunnybrand Chickens - acted as lead advisor in this transaction. Our role included determining deal structure, coordinating due diligence process, raising debt and equity, negotiation and final documentation (including shareholders agreement)
• Australian Medical Centres - our role included determining and advising the most suitable corporate structure, coordination of a due diligence process, sourcing debt funding, negotiations with financial institutions and the successful raising of the required acquisition funding.
• Kia Ora - helped facilitate, on behalf of the owners, the sale of the Kia Ora cotton aggregation to a consortium.
• CMI Ltd - prepared Independent Expert's Report.
• Xstrata - acted as Independent Expert for the $1billion takeover of Resource pacific by Xstrata.
• Quickstep - managed $6mlillion placement
• Next Capital - advised Next Capital in the acquisition of RPG/Rollpress for $92 million
• Steelforce -  arranged this $35 million investment by Next Capital for 55% of Steelforce in July 2006
• Magnetica - Sophisticated Investor Capital Raising $2 million in September 2006
• Lidis Capital - assisted with capital raising for property in Eastern Europe
• Phoenix Eagle - assisted this developing bio-tech company raise in excess of $1 million for product development and research
• ProCork - assisted the company raise $3 million from sophisticated investors
• ITL Corporation - advised on restructuring for new capital and raised private equity of $2.5 million in March 2003
• Argus - raised $2.25 million in a pre-IPO raising in January 2004 before underwriting a $15 million IPO in June 2004
• Recruit ASP - private equity raising of $1 million for RecruitASP, a software-based HR business in November 2004
• Department of State Development - provided advice to Manufacturers Leaders Group on attracting private equity
• Eagle Boys Pizza - arranged and led the introduction of private equity into this fast food company
• Magnetica - advised on restructure and pricing and raised $4 million in private equity for this MRI medical technology company in December 2004
• Inglewood Farms - assisted organic chicken producer in raising $4.5 million in a mix of long term debt and equity in February 2005
• Runge Limited - valuation, capital restructure and negotiations with potential alliance partners, investors and shareholders ahead of a buyout and a private equity investment by AMP in October 2005
• One Harvest - provided advice to major shareholder to buyout private equity players
• Beeline - raised first and second round equity from the venture capital market for an early stage precision agricultural company, totalling $15 million

MERGERS AND ACQUISITIONS

• RPG/Rollpress -advised Next Capital in acquisition of RPG/Rollpress for $92 million
• Runge Limited - advised Runge Limited on the acquisition of MineConsult and Minarco Asia Pacific, Runge Limited's first step into the Chinese Market in March 2007
• Eagle Boys Pizza - advvised on sale of majority of business to NBC Capital in a management buy out in March 2007
• Dark Blue Sea - IFL managed the sale of 46% shareholding in a series of market trades in December 2006
• Steelforce - Steelforce acquired Sydsteel and remaining interest in Steelforce China
• Namoi Cotton - advised Board on strategy for dealing with an unfriendly takeover offer from Queensland Cotton in July 2005
• CS Energy - acted for this energy GOC in sale of its upstream exploration and development interests
• Data#3 - advice to Data#3 in respect of a potential acquisition, including strategy, pricing, funding options and leading the acquisitions
• Queensland Diagnostic Imaging - structured and negotiated trade sale to Mayne Health for $108 million in February 2002

     More information: Queensland Diagnostic Imaging Press Release

• Queensland Xray - negotiated sale of business to Sonic Healthcare for $220 million, increasing price significantly over initial offer in August 2000
• Nova Health - structured acquisition, due diligence and managed investor relations for $104 million acquisition of HCA in November 2002
• ITL Limited - structured and negotiated acquisition of Surgicare, medical technology company for $7.3 million in August 2003
• Peanut Company of Australia - provided advice on the relative value of target and bidder and prepared 'merger models'
• One Harvest - provided advice to major shareholder to buyout private equity players
• DairyFarmers - advised and negotiated acquisition of South Australian dairy foods company for $40 million in October 2004
• IPBC - adviser on partial privatisation of Papua New Guinea's third party motor vehicle insurer in February 2005
• Lusty EMS - sale of Brisbane based manufacturer of aluminium semi-tippers and other road transport and railing equipment to Maxi-Trans for $8 million in July 2003

     More information: Lusty EMS Press Release

• Runge Limited - assisted with acquisition strategy and negotiations with potential alliance partners for this global mining technology software and service provider in April 2007

CORPORATE AND FINANCIAL ADVICE

• Queensland Treasury - conducted an independent market valuation of a Human Resources Management (HRM) software company in which the Government holds a controlling interest (51%) in October 2004
• IPBC - adviser to the Papua New Guinea privatisation company on potential PPP transaction for government owned private hospital in May 2005
• Macarthur Coal - produced an independent public valuation of coal exploration tenements
• DairyFarmers - prepared a research report for the Members of national dairy foods company in October 2004
• MRDC - project finance of a part interest in the Moran oilfield in Papua New Guinea in          July 2005
• Magnetica - advice in re-arrangement and restructuring of existing commercial arrangements with Uniquest and liquidators of the major shareholder in December 2004
• ETrade - strategic and M&A advice to ETrade Australia on financial services software platforms in February 2005
• PNG Water Limited - acting for the BOT concessionaire in an upgrade and construction of the Port Moresby Water Supply
• Inglewood Farms - assisted organic chicken producer in raising $4.5m in a mix of long term debt and equity in February 2005
• Flamsteed Equipment - raised $3 million working capital facility
• Senetas Group - capital management and restructuring advice for Senetas, a high speed encryption software and hardware developer in 2004
• Jumbuck - de-merger and IPO of Jumbuck Entertainment, mobile content aggregator and games software developer in June 2004

STRATEGIC ADVICE

• Western Power - developed and implemented a coal procurement strategy to secure high quality fuel

    More information: 16/8/2005 - Media Statement - Geoff Gallop

• Rio Tinto - provided advice on listed domestic and international iron ore miners in July 2005
• DairyFarmers - provided valuation education to Board and Members of this dairy foods co-operative
• CS Energy - acted for this energy GOC as project co-ordinator in establishing a joint venture at Callide C power station in May 2003
• Western Power - advised on commercial, practical and legal implications of sharing power station sites with independent power producers in May 2005
• Mobile Active - a leading ASX listed provider of mobile content and application.  Advising the company on its expansion strategy in October 2006
• Queensland Department of Transport - acted for Department in relation to third party operation of a rail service operated by QRail
• Solagran - arranged and conducted investor presentations for this bio-technology company in December 2005
• Queensland Department of Public Works - Analysis of structural reform options for a government owned ITC business in February 2005

Other strategic advisory projects have been completed for:

• ENERGEX Retail
• Port Waratah Coal Services
• Prime Infrastructure
• Queensland Rail
• Queensland Sugar
• Xstrata Copper

Tolhurst InterFinancial Limited advises companies across a large range of industries.