PRINT THIS PAGE AUSDOC exit for ABN AMRO Capital13/10/2005. Source: AltAssets. 
 ABN AMRO Capital, the private equity arm of ABN AMRO, has announced the sale of AUSDOC Information Management to Brambles Information Management for A$260 million.
AUSDOC Information Management provides offsite records storage, records management, document destruction and data protection services to Australian customers and in selected markets in Canada and Indonesia. The company employs around 500 staff. The sale is conditional on approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, with a decision expected before the end of 2005.
The AUSDOC Group was first acquired in 2002 by ABN AMRO Capital in what the firm describes as Australia’s largest public-to-private transaction. The group has since been restructured, involving the spin off of its New Zealand operations, Freightways.
“AUSDOC has been a tremendously successful investment,” said JP Kaumeyer, the Head of ABN AMRO Private Equity in Australia. “From public takeover of the AUSDOC Group to cross-border IPO and financing, it has been among the most complex transactions in the Australasian private equity sector. It demonstrates the returns that can be achieved when a long term, lateral approach is applied and supported by deep understanding of the market and sophisticated execution capability.”
The sale of AUSDOC Information Management follows the recently announced acquisition of transport duo, McColl’s Transport and Scott’s Refrigerated Freightways. Forming one entity, the simultaneous acquisitions became the third seed asset for ABN AMRO Capital Australia Fund No. 2, a A$300m buy-out fund to be raised from institutional investors. ABN AMRO is committing 40 per cent of the fund’s capital.
ABN AMRO Capital is the global private equity business of ABN AMRO, with teams in 7 countries including the Netherlands, UK, France, Spain, Italy, Sweden and Australia. At June 2005 total funds under management by ABN AMRO Capital were €2.3bn, of which €100m of capital is provided by international investors in ABN AMRO Capital-managed funds in the UK and France. Since the beginning of 2005, ABN AMRO Capital has completed 13 buy-outs in Europe and Australia with an aggregate deal value of €2.3bn (aggregate ABN AMRO Capital equity investment of €593m) and has realised 7 exits.
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