Record Point is an independent corporate advisory firm specialising in domestic and international advisory services for public and private companies.
“We were highly impressed with the Record Point team’s lead role during the … sale. The team assisted us by providing the high quality deliverables and process management we have come to expect from advisors, but differentiated themselves through their considered insights and genuinely value-additive approach to M&A. First class execution in every respect.”
“Record Point were instrumental in the … sale process, adding value at every step through to the finish line. The ultimate transaction result that was delivered was far beyond our expectations and would not have been achieved without the dedication and diligence that the Record Point team demonstrated throughout the process.”
“What distinguishes [Record Point] is their clarity of communication, agility, candour, integrity, ability to align the interests of stakeholders and the tremendous informal support they provide to the team during a high value and large scale process.”
“Record Point added value to every step of the process providing my Board and me with commercial and pragmatic advice at all times.“
“Record Point was instrumental in assisting my management team and me on Project Mason. They are an exceptionally capable and professional team who were across the detail of all aspects of the deal.”
“We felt we were in safe and experienced hands throughout the sale processes and with Record Point managing the sale processes, we could continue to operate our business through to completion ensuring we hit our forecasts that potential acquirers were relying on.”
“In addition to enhancing the valuation of the offer, [Record Point] added a tremendous amount of value by assisting me and my team through the challenges of juggling running a business and executing a complex transaction…”
The Board of Diversified Mining Services Limited (‘DMS’) appointed Record Point to assess its options in relation to its underground coal mining equipment business, COALTRAM. Record Point undertook a strategic review process which resulted in engaging with various domestic and international strategic parties with a view to partnering with or selling a part or all of its mining equipment division.
DMS is a mining equipment and services business with operations in the Hunter Valley, Gladstone, Mackay and the Bowen Basin. DMS’s COALTRAM division manufactures, markets and services Load, Haul, Dump (‘LHD’) utility vehicles (8, 10 and 13 tonne versions) designed to operate in high methane gas coalmine environment which are manufactured in a purpose-specific facility in Tomago, New South Wales, and manufactures and distributes Australia’s leading flameproof alternator for use in methane gas prone underground environments. COALTRAM’s key business units are LHD manufacturer and sales, alternators manufacturer and sales, aftermarket service (maintenance requirements in certified workshops), parts sales and equipment hire.
In January 2014, PPK Group Limited (‘PPK’) announced it had acquired COALTRAM from DMS. PPK is an ASX-listed property and mining services company which, prior to its COALTRAM acquisition, had announced to the market its intension to expand its underground mining services capability. The sale to PPK completed in March 2014.
Record Point acted as the exclusive financial advisor to DMS.