Stealth Global Holdings Limited
Capital Raising

Stealth Global & Argonaut

Argonaut acted as Financial Advisor and Joint Lead Manager to the successful $12.5 million Initial Public Offering (“IPO”) for Stealth Global Holdings Limited in 2018. Stealth Global Holdings Limited (ASX:SGI) is a multinational distribution group based in Perth, Western Australia. The capital raised was used to fund the acquisition of the iconic and market-leading Western Australian industrial and safety supplier, Heatley’s, which was founded decades ago. Argonaut attracted a high-quality mix of retail, sophisticated and institutional investors to support the IPO and create a well-balanced and ‘tight’ register with the top 20 shareholders owning around 70% of Stealth Global Holdings Limited after the IPO.

Stealth Global Holdings Limited operates as a supplier and distributor of everyday workplace items to Australia, the United Kingdom and Africa under five competitive subsidiary brands: Heatley’s Safety & Industrial, C&L Tool Centre, Industrial Supply Group, Australian Workplace Supplies, and BSA Brands (UK) in a joint venture with Bisley Workwear. The Company serves a diverse group of public and private sector business customers across multiple industry sectors. Global Holdings is a sales and distribution group supplying safety, industrial, workplace and healthcare consumable products and customised supply solutions to business customers across the resources, engineering, transport and general industrial sectors.