Page 4 - Fivev Capital News Today

The luxury homes of Metigy CEO David Fairfull are being pursued by administrators and the company’s largest creditor, Regal Funds Management.

Administrators are now urging the sale of the properties - a mansion in Mosman and a luxury estate in Kangaroo Valley with a private rainforest waterfall - to claw back funds for creditors.

Metigy was valued at $1 billion by one investor just months before going into administration with $20,000 cash in the bank and millions in liabilities.

A Sydney entrepreneur’s house is caught up in the collapse of his marketing technology start-up Metigy.

A Sydney entrepreneur’s house is caught up in the collapse of his marketing technology start-up Metigy.

Down-and-out Metigy’s investors want to see an urgent and independent review of the company’s books, as they try to make sense of how a near unicorn could unravel so quickly.

Five V Capital talked up Metigy’s prospects as an Australian technology sector unicorn with a valuation at $1 billion, according to a presentation given to its investors in May. 

It turns out Canadian investor OMERS’ talks to acquire phone towers company Stilmark were more advanced than we realised.

Canadian pension fund investor OMERS is in talks to acquire independent telecommunications towers developer and investor Stilmark, in a move that would bolster its position as Australia’s third-biggest towers owner in waiting. 

Private equity’s back circling around the one that always seems to get away – Australia’s biggest privately owned IT services business, Interactive.