Colonial First State Investments Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Colonial First State Investments Limited - overview
Established
1988
Location
Sydney, NSW, Australia
Primary Industry
Financial Services
About
Founded in 1988 and based in Sydney, Australia, Colonial First State Investments Limited is the wealth management arm of Commonwealth Bank of Australia that offers a wide variety of financial and retirement services. As part of Commonwealth Bank, the company is enabled to serve wholly developed opportunities and products to meet the needs and demands of its clients across Australia. In May 2020, KKR agreed to acquire a 55% majority stake in Colonial First State Investments Limited from Commonwealth Bank of Australia for AUD 1. 7 billion.
The company provides products such as firstchoice and firstwrap. Firstchoice is an easy-to-use platform that offers a fee structure and a range of flexible features to meet your clients’ needs. FirstWrap is a full-service wrap, designed to drive efficiencies for business and help deliver outstanding service to clients. Colonial First State Investments Limited is being recognized for providing financial services such as investment, superannuation, financial planning, and advisory solutions.
As well as retirement planning and maximization of investment outcomes depend on the needs of their business clients, financial firms, and individual customers. The organization generated revenue of AUD 1186. 3 million and AUD 1115. 1 million in the period of six months for 2019 and 2020 respectively.
The May 2020 acquisition will support the company to become a standalone business and it plans to invest in product innovation, new services, and its digital capabilities.
Current Investors
Primary Industry
Financial Services
Sub Industries
Investment Banking, Consumer Finance
Website
www.colonialfirststate.com.au
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Colonial First State Investments Limited - timeline of key events
Colonial First State Investments Limited - financials
| Fiscal Year Ended | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,087,300,000 | 1,108,134,000 | 1,172,667,000 | 1,186,393,000 | 1,115,141,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1.9% | 5.8% | 1.2% | (6.0%) | - | - | - |
| EBITDA (USD) | 401,546,000 | 429,837,000 | 471,446,000 | 450,869,000 | 250,437,000 | - | - | - |
| Operating Income (USD) | 401,546,000 | 429,837,000 | 471,446,000 | 450,869,000 | 250,437,000 | - | - | - |
| Operating Margin | 36.9% | 38.8% | 40.2% | 38.0% | 22.5% | - | - | - |
| % EBITDA Margin | 36.9% | 38.8% | 40.2% | 38.0% | 22.5% | - | - | - |
| NET Income (USD) | 286,891,000 | 305,740,000 | 333,609,000 | 320,537,000 | 174,246,000 | - | - | - |
| % Net Margin | 26.4% | 27.6% | 28.4% | 27.0% | 15.6% | - | - | - |
Colonial First State Investments Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Colonial First State Investments Limited | - |
Displaying 1 - 1 of 1
Colonial First State Investments Limited - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.