Tuesday, May 31, 2011

New Capital Market Firm Launched to Take Advantage of Tight Monetary Market

A new capital market firm has been launched this week to take advantage of the continuing tight monetary market and the ongoing need for funds by businesses.

BlueMount Capital, formed by four leading business identities, aims to serve sophisticated investors and private and public companies to deliver a broad range of funding services.

The firm has opened offices in Brisbane, Perth and Sydney and will be the only mid-tier firm of its kind with a national presence.

Queensland managing director, Dr Mark Rainbird, a former executive with Melbourne IT and WebCentral and managing director for Brisbane based CITEC, says traditional funders are still exercising caution and becoming even more selective in who they fund which has created a widening gap in the capital market.

“The world-wide monetary market essentially hasn’t shifted its policy on lending since the GFC, however businesses are increasingly seeking growth capital,” Dr Rainbird says.

While we’re not the only one’s to recognise this, we have managed to bring together a unique and experienced team who have access to a wide range of funding opportunities.

“Our services are especially suited to growth companies which sit at the mid to top end of the business market and require access to investment facilitation and corporate finance."

The BlueMount Capital partners include Perth based Dr Saliba Sassine who has extensive experience in resources, energy and renewables; Sydney based Len McDowall, who was previously chairman and managing partner of chartered accountants Bird Cameron; and Barry Palte who has held previous executive roles with the Commonwealth Bank and MLC.

All are experts in raising capital for business expansion, mergers and acquisitions, debt raising and equity restructuring for private and public companies.

“BlueMount Capital offers expert services and assistance from floating a company on the ASX, pre-IPO plans, IPO opportunities, MBO's, private equity funding, wholesale investing and capital raisings,” Dr Rainbird says.

“The management team are specialists in all aspects of financial transactions and have successfully completed hundreds of deals in these fields.

“Our firm’s extensive global network of professionals will also ensure a comprehensive evaluation of the most sophisticated proposals.”

For more information visit www.bluemountcapital.com.

For more information please email BlueMount Capital