Our team has a proven track record over the last decade of successfully investing in, operating and scaling up small to medium-sized enterprises(SMEs). Because we are industry agnostic, we continue to build experience that to date has ranged across: solar energy, education, enterprise software, infrastructure services, training and events, industrial testing and asset management.
Along the way, the team have bought, built, operated, scaled up and sold businesses, creating thousands of jobs and considerable economic value. We’ve also gained a priceless set of experiences that form the foundation upon which Arowana has built its reputation.
The Arowana investment process is time-tested, collaborative and decisive. We believe that this process in conjunction with our entrepreneurial culture and never say die attitude have been the drivers contributing to the fact that has not realised any investment losses in our various companies and investment funds.
Under Arowana’s watch and management, many SMEs 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 re-strategise and pivot VivoPower’s focus towards the United States. In less than 3 years, VivoPower scaled up to become a profitable global company generating US$18.9m of EBITDA profit and achieving a listing on NASDAQ in December 2016. It has since built up a 1.8GW portfolio of solar projects in the United States, making it one of the top 3 largest solar developers in the United States. Arowana maintains a majority shareholding in VivoPower and continues to work closely with its leadership team to overcome growing pains challenges and to scale up the business further.
Vocational education group Intueri Education was established by Arowana in June 2010 and initially comprised one college in Christchurch, New Zealand. Within 6 months of acquiring this college, 2 devastating earthquakes condemned the campus building and rendered the business practically inoperable. Where most would have given up, the Arowana team parachuted into Christchurch and rebuilt the business literally from the ground up. In the following 4 years, Arowana orchestrated a buy-and-build programme that saw Intueri’s profits increase 20-fold, culminating in an initial public offering in May 2014 that delivered a 7x return to Arowana.
Human resources, events and media publishing company HRM Asia was bought by Arowana in July 2008 and subsequently became the largest business of its kind in Southeast Asia, growing in value by 20% per year before being acquired from Arowana by a global events company in October 2014, delivering a 2.5x return.