AIM set for Australian invasion

AIM set for Australian invasion

If you are looking for clients, you could do worse than to look down under. Research conducted by KPMG claims that the London Alternative Investment Market is set for an invasion from Australia. The firm said that Australian oil and gas companies are in the market to raise investment funds and London is proving attractive.

Sarah McNaught, head of oil and gas at KPMG, said ‘a large number’ of these companies are ‘seeking to raise capital in foreign jurisdictions over the next five years – with the UK and North America high on their list of preferred destinations’. Of the 225 companies to join AIM since 1 January 2003, 29 are energy and natural resource businesses.

Grant Thornton has claimed that 65% of mid-market venture capitalists and brokers believe they will realise more disposals in the next six months than they did in the previous six. But Mark Byers, GT’s head of recovery, sent a warning to VCs thinking of realising their investments.

‘Before even contemplating a sale, VCs will need to restructure some of their investments in under-performing businesses if they are to avoid losing equity values,’ he said.

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