Attalis Capital partners with family offices and superannuation funds to invest in Australian opportunities.
We are active, value-add partners, providing patient capital for long-term growth in real estate, mid-cap equities, and growth private equity.
We're looking to expand our network with like-minded investors and experienced executives.
Contact Us
Salesforce Tower
Level 2, 180 George Street, SYDNEY NSW 2000
+61 404 877 470
Expertise
Private Equity
Targeting tailwind industries with companies that have products or services with a sustainable competitive advantage that allows for a long-term investment period.
Seeking to partner with ambitious and capable founder(s) and/or proven management teams looking for an equity partner to help accelerate growth.
Attalis will take significant minority equity or 100% control stakes, providing the opportunity to actively assess and influence key strategic decisions and operational execution
Attalis is ideally looking to invest A$20m - $50m in each investment opportunity.
Real Estate
Opportunistic risk adjusted investor in Australian real estate spanning across the capital structure (credit or equity)
Attalis also focuses on opportunities in real estate-adjacent sectors that necessitate operational expertise for value extraction. These investments are often structured as a stapled private equity investment aligning with management to leverage operating capabilities to enhance investment outcomes and drive growth.
Listed Equity Opportunities
Acquire significant stakes in listed ASX companies
Identify catalysts to create shareholder value
Active management of investment opportunities
Fundamental bottom-up research to identify mis-priced opportunities on a risk/return basis utilising network of entrepreneurs and family offices
Portfolio
Kinder
Kinder Australia is an engineering-led provider of mission-critical conveyor-belt consumables that underpin uptime, safety and environmental compliance across Australia’s mining, quarrying, grain-handling and construction sectors. Its proprietary skirting, sealing and wear-management systems extend belt life, reduce dust and spillage, and are specified into bespoke transfer-point solutions that create naturally recurring demand for replacement components.
Attalis Capital partnered with management and the Victorian Business Growth Fund to acquire Kinder as a platform for long-term, cash-generative growth. The business typically engages in a one-off install and repeat consumables with clients often increasing their year-on-year spend as efficiencies are realised. Combined with deep multi-decade customer relationships and defensible intellectual property, supported by robust free-cash-flow conversion and clear levers to accelerate expansion into product adjacencies Kinder is well positioned to grow their client base and via bolt-on acquisitions.
Attalis Investment Principle & Alignment Rationale
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Consumables-led economics anchored by repeat maintenance cycles and demonstrable ROIs
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Proprietary designs and long-tenure customer relationships create high switching costs
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High gross margins, low capital intensity and minimal working-capital volatility
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ERP-enabled pricing analytics, product bundling, regional expansion and bolt-on M&A
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Rising bulk-materials throughput and stricter ESG/OH&S standards increase demand for dust and spillage control
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Acquired at an attractive unlevered FCF yield providing upside from multiple re-rating and cash-flow growth
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Founder retains meaningful equity alongside an experienced board and incoming CFO
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Revenue tied to production volumes across a diversified commodity mix, not to commodity prices
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Transaction completed debt-free; credit facilities reserved for growth acquisitions
LBNCo (exited)
LBNCo Pty Ltd specializes in providing high-speed broadband and connectivity solutions to residential and commercial properties. LBNCo has established itself as a leading provider of fiber-to-the-premises (FTTP) serving customers across Australia.
Attalis Capital acquired LBNCo (private Fibre to the Premise infrastructure business) via a private equity consortium (investors comprised ROC Partners, First State Super, family offices, high net worth investors and LBNCo's management). The investment was successfully exited in August 2019.
“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time… We don't have to be smarter than the rest. We have to be more disciplined than the rest.”
– Warren Buffett
Our Team
John Shin
John Shin is the founder of Attalis Capital and part of its investment team, pursuing lower-mid-market private equity opportunities in sectors enjoying durable growth tailwinds. Attalis backs management teams with proven execution capability and targets situations offering investment asymmetry - limited downside risk with multiple levers to unlock outsized upside.
From 2019 to 2023 John served as Executive Director - Investments at the Lowy Family Group (LFG), working alongside Steven Lowy on Real Estate, US Growth Technology and Private Equity investments. He now advises LFG with respect to its interests in Assembly Funds Management and US Growth Technology.
Earlier, John led Attalis Capital’s consortium acquisition of broadband infrastructure operator LBNCo, partnering with ROC Partners, Aware Super and several family offices. His prior roles include Chief Investment Officer of RF Capital (Andrew Roberts Family Office), Head of European Corporate & Structured Finance at Babcock & Brown, and investment positions with J.P. Morgan Partners, LabMorgan and Gresham Partners.
John has invested in Australian businesses since 2001, bringing more than two decades of principal investing to Attalis Capital’s portfolio companies and investors.
Alex Gale
Alex is a former entrepreneur and private equity executive. Alex was CEO and founder of Boozebud until 2022 overseeing its growth to become Australia's largest pureplay liquor e-retailer and a sale to AB Inbev/Carlton & United Breweries. Alex has also had involvement in a number of private and startup businesses in the capacity as an advisory and significant shareholder.
Prior to this Alex was an executive at Pacific Equity Partners and Macquarie Capital's Telecommunications, Media, Entertainment and Technology team.
Danny Berkovic
Danny was previously Country President of Securitas Australia, where he led the integration of multiple acquisitions and scaled the company’s technology-enabled protective services. He joined Securitas following the sale of Fredon Security, a business he founded and grew into a national platform specialising in electronic security, systems integration, and critical infrastructure protection — including data centres, correctional facilities, government buildings, and national landmarks.
Prior to entering the construction industry in 2008, Danny spent a decade in enterprise IT and software development, including leadership roles at IBM’s Australian Development Labs.
He brings deep domain expertise across software, construction, security, and industrial services.
Active Interns
Past Interns
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Campbell Wildman