Australian Business Growth Fund’s investment in HMC Group

$$BDO.LiveSite.Deals.DealType$$Transaction Services
$$BDO.LiveSite.Deals.ClientName$$Australian Business Growth Fund

ABGF, as part of its profit-for-purpose investment model, aims to provide growth capital to Australian small and medium enterprises.

On 23 November 2022, the Australian Business Growth Fund (ABGF) announced its $15 million dollar investment into WA-based aviation and tourism company HMC Group.

Founded in 2014, HMC Group operates a group of companies across the tourism and aviation sectors including Aviair, HeliSpirit, Kununurra-based Bungle Bungle Savannah Lodge, Bungle Bungle Guided Tours, Kimberley Experiences and the Australian Helicopter academy.

BDO was engaged by ABGF to provide financial due diligence services in relation to its investment in HMC Group.