Cube Capital, based in Sydney’s CBD, has been launched “with an aim to disrupt traditional M&A firms”, according to a statement.
The firm will focus on deals within the IT, media, telecommunications, healthcare and life sciences sectors, assisting clients undergoing a merger, acquisition, divestment, capital raising or public listing.
Initially, the firm will have three partners: Susan Lay, Kashif Ansari and Hani Iskander.
Mr Iskander said Cube Capital has been developed to help Australian and international companies take advantage of current opportunities.
“Australia’s tech sector is huge. It’s worth over $100 billion and about 5 per cent of Australia’s GDP," he said. "However, there are only 41 companies listed on the ASX with a market capitalisation of more than $100 million. Only 54 companies exceed $50 million in market capitalisation.
“There is room to double the number of tech companies on the ASX in the next four to five years if and when we can help guide them through a listing,” Mr Iskander said.
With a boom in Australian start-ups, a thirst for working capital and a resurgence in biotech and life sciences, investors currently have an appetite for deal flow and transactions.
“Our sweet spot is helping and guiding middle-market listed and private businesses in the information technology, media, telecommunications, healthcare and life sciences sectors," he said.
“We also advise inbound and outbound clients with cross-border transactions such as establishment of joint ventures, distribution channels and offshore partnerships.
“With the ASX focusing on shifting from the mining boom to the tech boom, now is an opportunity for Australian tech companies to develop strategies to enter this growing market,” Mr Iskander said.