Our leadership

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Mark Dorney

Mark is Founder and Managing Director of Chevalier Capital. He has 25 plus years of investment banking experience across M&A, equity capital markets and debt capital markets, having advised on a total of over $42.5 billion of transactions. A selection of successful transactions advised on by Mark includes:

  • DUAL TRACK IPO-TRADE SALES Successful sale of Australia’s leading technology company Property Exchange Australia Limited (PEXA) to Link Market Services for $1.6 Billion in January 2019; NZ$2.45B privatisation of Contact Energy via simultaneous cornerstone (40%) and IPO (60%) sale in 1999; NZ$428m dual-track sale of the five Watties businesses in New Zealand by Goodman Fielder to H.J.Heinz, Corporate financial adviser, 1992

  • TRADE SALES Sale of underlying assets of ACT X-Ray Services Trust in August 2022. Canberra Imaging Group sale to Sonic Healthcare in June 2021 which, together with the later property sale, generated total sale proceeds of $200 million. Sale of Australia’s 5th largest radiology group, PRP Diagnostic Imaging Holdings Limited to Crescent Capital for $440 million in 2020; Sale by HT&E of Australia’s 3rd largest out-of-home media group to the largest, oOh!media, for $570 million in October 2018; Adviser to NZ Post in relation to the sale of 45% of KiwiBank to NZ Super and ACC which valued the business at NZ$1.1Bln; sale of 40% of Taiwan Broadband Communications to Asian financial investors for $400 million in 2009; Sale of Australia’s #1 millennials (18-35 year olds) on-line media publisher Junkee Media to oOh!media Limited in 2016; sale of the #2 .com.au domain name register and hosting business Netregistry to #1 Melbourne IT for $50 million in 2014; sale of the Intelligent Investor equity research electronic newsletter to Australasian Wealth Investments in 2014; and sale of the ROAMES geospatial imaging business by Ergon Energy to Euronext-listed Fugro NV in 2014; sale of 2UE/3AW/4BC and Southern Star to Fairfax Media for $480 million in 2007.

  • ACQUISITIONS Acquisition by HT&E of Perth radio station 96FM from Fairfax Media for $78 million in 2014; Acquisition of EYE Corporation from Ten Network by CHAMP Private Equity for $115 million in 2013; acquisition by friendly scheme of arrangement of oOh!media by CHAMP Private Equity for $163 million in 2012; acquisition by way of recommended scheme of arrangement of Southern Cross Broadcasting by MMG and Fairfax Media for $1.35 billion in 2007; original acquisition by MMG of Taiwan’s 3rd largest ‘triple play’ subscription television/broadband/VoIP business, Taiwan Broadband Communications, for US$1 billion Enterprise Value in 2006; acquisition by MMG of DMG Regional Radio from Daily Mail & General Trust PLC for $186 million in 2004; acquisition by way of takeover of RG Capital Radio by MMG in 2004.

  • IPOS  Initial Public Offering of Macquarie Media Group’s regional Television business raising $945 million in 2005; Global Co-ordinator to the initial privatisation by IPO by the Commonwealth Government of Telstra (Telstra 1) for $14.3 billion; Joint Lead Manager to the NSW Government on the $1 billion sale by IPO of NSW TAB; AMP demutualisation, Co-lead Manager, 1998; Lead Manager to the IPO of all of Casino Austria’s Australasian casino assets and management rights over Canberra, Cairns and Christmas Island; Lead Manager to the IPO of the Reef Casino in Cairns.

  • SECONDARY SHARE OFFERINGS Chair of the Joint Global Co-ordinators to the $16 billion secondary sell-down (Telstra 2) by the Commonwealth Government of Telstra Corporation Limited in 1999; A$800m Income Securities by Colonial, JLM, 1998.

  • PRIVATE EQUITY RAISING raising a total of $368 million in pre-IPO equity to fund technology development and client uptake for PEXA over 7 years from 2010-2017.

  • SALE SCOPING STUDIES Adviser to the Scoping Study for the Commonwealth Government for Telstra 2 1998; Study for Contact Energy for NZ Treasury, Commercial Adviser, 1998

Mark is Fellow of the Australian Institute of Company Directors, Non-Executive Director of the University of New South Wales Foundation, recent Vice-Chairman of the Australia Taiwan Business Council, previously Non-Executive Director of the House With No Steps and first CEO of Southern Cross Austereo (then known as Macquarie Media Group) from 2004-2009.