22nd February 2007
No. 3 | 2007

Dear AVCAL members and associates,

AVCAL has just held the first of the 2007 series of MBO lunches. The speaker was Brian Hodges, MD of Bradken Ltd, a former CHAMP investee now listed on the ASX.

His presentation was a powerful reminder of the benefits that can accrue from Private Equity investment and the company's ongoing post-IPO success is testament to the strength of the business that CHAMP helped him build before they divested.

For those of you who were unable to attend I urge you to download Brian's presentation from our website.

I look forward to seeing you at one of our functions during 2007.

Kind regards,

Katherine Woodthorpe Signature
Katherine Woodthorpe
Chief Executive
AVCAL 2007
Platinum Sponsors:



AON







Credit Suisse (Australia) Limited

Pacific Equity Partners



RMB

Iron Bridge

CHAMP Private Equity

AMP Capital Investors

FreeHills

nabCapital



KPMG

Archer Capital

Rothschild

Goldman Sachs

UBS

Catalyst

Cresent Capital Partners

O'Sullivan Pullini

Axiss

CVC Asia Pacific

Quadrant Capital


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