is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.

  • Address: Level 24, Royal Exchange Building, 56 Pitt Street, Sydney, NSW 2000 Australia
  • Phone: +61 2 9375 0100
  • Email: Contact Us
Kairiki Energy Limited

Kairiki Energy Limited



On 19 July 2018, Kairiki Energy Limited (ASX: KIK) announced the Company has executed a conditional agreement to acquire 100% of a number of automotive businesses collectively known as the RPM Group. The transaction is subject to the successful completion of due diligence by both parties. Novus Capital Limited has been appointed as Financial Advisor, Lead Manager and Sponsoring Broker to the proposed transaction.

  • RPM Automotive Group ("RPM Group") is a group of unlisted businesses operating in the Australian automotive aftermarket with FY18 sales revenue of $56.5 million and NPAT of $3.4 million
  • RPM Group offers a nationwide footprint focusing on wholesale distribution and retail of tyres, auto parts and accessories and owns a variety of well-known and respected brands in the automotive market
  • RPM Group's founders have over 25 years experience and a successful track record in the sector
  • The Australian automotive aftermarket is estimated at over $25 billion per annum, which includes new wheel/tyre sales, servicing, repairs, auto parts & accessories
  • Automotive represents a growing sector, with Australia's car park increasing by over 1.2 million new cars sold annually. The sector also represents a highly fragmented industry ripe for consolidation
  • For an offer of 25 million New Shares (on a post-Consolidation basis) at an issue price of $0.20 per Share to raise $5 million (before costs) (Public Offer) to fund growth both organically and via acquisition. The minimum subscription under the Public Offer is 10 million New Shares at an issue price of $0.20 per Share to raise $2 million 
  • Kairiki to be renamed RPM Automotive Group Limited

Kairiki Energy to acquire RPM Automotive Group ASX Announcement 19 July 2018

Kairiki Energy - RPM acquisition update ASX Announcement 29 Nov 2018

Kairiki Energy - RPM Notice of General Meeting ASX Announcement 26 April 2019

Kairki Energy - RPM Automotive Group Limited Prospectus 29 May 2019

For further information, please contact Campbell Welch of Novus Capital Limited on 02 9375 0165 or via email campbell.welch@novuscapital.com.au