Our team has more than 220 years’ combined experience of investing in and operating small and medium enterprises – experience that also ranges across sectors, including solar energy, education, enterprise software, infrastructure services, training and events, industrial testing and asset management.
Along the way, we have bought, built, started, operated, scaled up and sold businesses, creating jobs and economic value. We’ve also gained a priceless set of experiences that form the foundation on which Arowana has built its reputation.
Under Arowana’s watch and its management, many small and medium-sized enterprises have flourished. Here is a look at some of our key successes:
Global solar power provider VivoPower International PLC was started by Arowana in August 2014 with an initial focus on Australia and Southeast Asia. Facing challenging market circumstances meant that initially Arowana had to restrategise and pivot VivoPower’s focus towards the United States. In less than three years, VivoPower has scaled up to become a profitable global company generating US$18.9m of EBITDA profit and achieving a listing on the NASDAQ in December 2016. Arowana maintains a majority shareholding in VivoPower and continues to work closely with its leadership team to overcome growing pains and challenges to further scale the business.
Vocational education company Intueri Education was established by Arowana in May 2010 and initially comprised one college in Christchurch, New Zealand. In the following four years, Arowana orchestrated a buy-and-build programme that saw Intueri’s profits increase 20-fold, culminating in an initial public offering (IPO) in May 2014 that delivered a 7x return to Arowana.
Human resources, events and publishing company HRM Asia was bought by Arowana in June 2008 and subsequently became the largest business of its kind in Southeast Asia, growing in value by almost 20% per year before being acquired from Arowana by a global events company in September 2014.