HMC Capital announces StratCap Acquisition

HMC Capital is pleased to announce that it has entered into final documentation to acquire 100% of StratCap LLC (StratCap) for US$28.5m in cash and scrip. 

StratCap is a North American based asset manager which specialises in digital infrastructure including data centres and telecom towers. The business has a highly credentialed team of ~50 employees with strong capability in origination, asset management, and retail distribution.

StratCap manages ~A$700m of fee-paying AUM across multiple retail and institutional funds. In addition, StratCap has ~$0.9bn of undrawn capital commitments across multiple institutional mandates. Post completion, StratCap will be fully integrated into HMC and the transaction is expected to be earnings accretive in FY25.

HMC Capital Managing Director and CEO, David Di Pilla, said “This acquisition represents an exciting first step for the HMC group into the digital infrastructure sector and North American market. StratCap gives HMC a major growth platform in a sector which is underpinned by powerful growth megatrends such as digitalisation and artificial intelligence. We have been impressed by the calibre of StratCap’s team and believe the platform can be significantly scaled under HMC’s ownership”.

The transaction is expected to close in Q2 CY24 and is conditional on customary regulatory approvals.

For additional information or to view the full announcement, please visit the investor centre.

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