StratCap Announces Entry Into Definitive Agreement for Acquisition by HMC Capital
March 28 2024 - 8:00AM
Business Wire
StratCap, LLC (“StratCap”), a digital infrastructure asset
management company, today announced the execution of a definitive
agreement to be acquired by HMC Capital Limited (“HMC”), an
Australian Stock Exchange (ASX) listed alternative asset manager
known for its high conviction and scalable real asset strategies
for individuals, institutions, sovereign wealth funds, and pension
funds. The acquisition is subject to customary closing conditions
and is expected to close in Q2 2024.
The strategic acquisition by HMC would mark a significant
milestone for StratCap and is expected to herald a new era of
growth and opportunity. Leveraging HMC’s growing portfolio of
assets under management, totaling in excess of AUD$10 billion, and
backed by a team of over 100 investment and asset management
professionals, this pending transaction is poised to accelerate
StratCap’s future growth.
This pending acquisition marks an important milestone for HMC’s
expansion into the North American market, adding specialist digital
infrastructure capability and access to U.S. retail distribution
channels. "We are excited to integrate StratCap into the HMC
Group," said David Di Pilla, Managing Director and CEO of HMC.
"This acquisition aligns with our strategic vision to establish a
large-scale, globally significant, alternative asset management
platform. We believe StratCap's digital infrastructure investment
focus can seamlessly integrate with HMC's existing strategies,
creating synergies that drive immediate value for both HMC and
StratCap stakeholders.”
With a strong balance sheet of AUD$1 billion in liquidity across
fund co-investments and undrawn credit facilities, HMC brings
resources and expertise to accelerate StratCap's growth.
Pat Miller, Co-Founder and Managing Partner at StratCap, echoed
Mr. Di Pilla’s sentiments and added, "HMC Capital is a fast
growing, highly respected investment firm with a proven track
record of success and we look forward to working closely with the
HMC team to further our goal of maximizing value to our
stakeholders across North America.” Jim Condon, Managing Partner at
StratCap, added, “HMC brings significant assets under management,
deep investment expertise, substantial experience building
large-scale portfolios, and a history of executing large, complex
transactions – all of which would be instrumental in accelerating
our future growth trajectory."
Goldman Sachs & Co. LLC acted as exclusive financial advisor
to StratCap.
About HMC Capital:
HMC Capital is an Australian Stock Exchange (ASX) listed
alternative asset manager specializing in high conviction and
scalable real asset strategies on behalf of individuals, large
institutions, and super funds. With a proven track record of
success and a global presence, HMC Capital is committed to
delivering exceptional results for investors by focusing on high
conviction investment opportunities across sectors exposed to
long-term growth trends.
About StratCap:
StratCap is a specialist investment management platform
committed to providing access to dynamic asset classes and highly
experienced investment professionals. The company is focused on a
wide range of digital economy assets with an emphasis on digital
infrastructure, sustainability, and technology-centric sectors.
Forward-Looking Statements
This press release contains statements about future events and
expectations, or “forward-looking statements,” all of which are
inherently uncertain, including that the pending transaction will
close or that it will close in Q2 of 2024 and the anticipated
benefits to stakeholders of the transaction. We have based those
forward-looking statements on management’s current expectations and
assumptions and not on historical facts. These forward-looking
statements involve a number of risks and uncertainties. We do not
undertake any obligation to update the information contained in
this press release to reflect subsequently occurring events or
circumstances.
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949.432.9485