Carnegie invests in new medtech company, Simplify Medical

Carnegie invests in new medtech company, Simplify Medical

December 2014: As reported in Business Insider, M.H. Carnegie & Co. is pursuing a “reverse brain drain” strategy through its medical technology investments.

Carnegie is buying innovative medical companies in America and turning them into Australian outfits that benefit from generous tax breaks for research and development. Simplify Medical is the latest of these investments.

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Carnegie’s Den hears pitches from start-up entrepreneurs

Carnegie’s Den hears pitches from start-up entrepreneurs

November 2014: The Deal Magazine profiles four of the Carnegie’s Den finalists - Pointsbuild, Productify, PerformanceCentre and ComWriter.  

Each finalist company is using the internet to develop a highly-specialised niche business to fulfil needs in industries including education, sales and training.  The different ideas highlight how a small operator can create a business using technology to solve a structural problem or offer a better service.

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Mark Carnegie invests in Modern Baking in consumer goods foray

Mark Carnegie invests in Modern Baking in consumer goods foray

July 2014: The Sydney Morning Herald reports that M.H. Carnegie& Co. recently took a stake in baking minnow Modern Baking and is seeking to raise $100 million for a new fund targeting smaller fast-moving consumer goods (FMCG) businesses.

Carnegie is looking at six or seven other businesses to add to the fund.  There are a huge number of small FMCG businesses that don’t just need capital but need a partner.

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Carnegie and FIIG launch loans for high-growth companies

Carnegie and FIIG launch loans for high-growth companies

July 2014: Mark Carnegie has teamed up with fixed income dealer FIIG to create Alternate Debt Services (ADS), which aims to link high-growth companies with private debt from investors chasing yield.

ADS structures and arranges high-yielding debt (senior, junior and mezzanine), hybrids and preferred equity, offering investors returns of 10 per cent to 20 per cent.  It fills a “market gap” where borrowers are too risky for bank loans or simple corporate bonds but are not risky enough to produce the returns of more than 20 per cent demanded by Carnegie’s equity funds.

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John Singleton, Gerry Harvey and Mark Carnegie snap up Entertainment Quarter

John Singleton, Gerry Harvey and Mark Carnegie snap up Entertainment Quarter

June 2014: Sydney’s most popular sports and entertainment precinct, the Entertainment Quarter near Fox Studios in inner Sydney, has been bought by the trio for $80 million.

The deal was made under the philosophy that the facility, which includes the shopping outlet, movie theatres, along with the headquarters of the Australian Film Television and Radio School, has the potential for a major facelift and a renewed burst of life.

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My fellow Aussies, ask not what Australia can do for you, ask what you can do for Australia

My fellow Aussies, ask not what Australia can do for you, ask what you can do for Australia

June 2014: Mark Carnegie delivered the inaugural Di Gribble Argument, hosted by the Wheeler Centre in Melbourne.

Being an Australia citizen should require more than a choice at the political smorgasbord once every three years: it should require active participation. Australia needs a form of compulsory national service, but without the military uniform.  I hope this proposal will spark a debate, because debate is sorely needed in Australia

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Lonsec snaps up van Eyk's iRate, customers

Lonsec snaps up van Eyk's iRate, customers

November 2014: Research and investment consulting house Lonsec is focused on retaining van Eyk's financial planning customers, after agreeing to buy the failed company's iRate technology and client base from its administrators.

The parties did not disclose terms of the transaction in a statement on Thursday, but the deal covers several hundred planning practices which service about 3000 financial planners.

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Indonesia enters new time of living dangerously

Indonesia enters new time of living dangerously

July 2014: Poll result Both aspirants to lead this huge nation have visions for its future. But the result must not be stolen in a dodgy legal process. Mark Carnegie

There is big trouble in Indonesia. The two presidential candidates are both claiming electoral victory and neither is backing down. If Joko Widodo is named the winner as expected and Prabowo Subianto pushes ahead with the challenge he has threatened, then things could get very ugly.

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Carnegie's FMCG goes big on small

Carnegie's FMCG goes big on small

July 2014: Mark Carnegie's private equity firm has taken a stake in baking minnow ­Modern Baking and is looking to raise $100 million for a new fund targeting more small fast-moving consumer goods businesses.

MH Carnegie investment director Mark De Ambrosis said the investment was the first of many to come and his team was hunting for similar opportunities in FMCG (fast-moving consumer goods). "We are currently looking at six or seven other businesses," he said.

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