Former rugby league prop, NIB spruiker and I'm a Celebrity Get Me Out of Here runner-up, Paul Harragon, no longer wants to be known just as The Chief. Seems Harragon​ wants to be known in property development and investment circles as The Boss. 

The former Knights captain has emerged as the managing director (aka Boss) of an outfit with six property developments with an alleged value of $177 million. 

The Boss's firm Boss Private Capital, which was registered as a company late last year, has a well-articulated strategy one would expect from a former rugby league front rower. "Boss Private Capital executes a strategic and disciplined approach for our wholesale, sophisticated and institutional investors and invest our own capital alongside our clients," notes the Boss's website to budding investors.  

As for the Boss himself, the website notes: "He is highly motivated and excited by the prospect of creating specific property sector investment opportunities that are highly innovative and ahead of the trend line."

Among the property developments the Boss is seeking investor support to include a 240-bed rehabilitation facility on the Gold Coast, a luxury townhouse development in Melbourne and a DA-approved 28-townhouse development in Newcastle. 

Click bait

Bought for $11 million and sold five years on for $120 million, investors in Amaysim will be hoping Julian Ogrin​ and and his team at the discount telco have done their homework in buying online retailer Click Energy.
Founded by former TruEnergy (which has morphed into EnergyAustralia) retail manager Pieter Double, the private equity outfits which bought Click Energy – Angeleno Group, Robeco and CleanTech Ventures – had a five-year horizon for either an IPO or trade sale, and with the sale to Amaysim, have clearly opted for the latter.

Amaysim shareholders could be forgiven if they had hoped more of the purchase price was paid in scrip, since the vendors will collect a cool $80 million in cash as they head out the door.
Cross selling has often been an excuse for deals between the energy retailing and telco space, which have routinely ended up in tears despite their optimism.

Origin Energy's former solar head, Dominic Drenan, has a small stake in Click Energy and the shares he will receive with the deal are escrowed for a year, so that he has all the more reason to make sure the deal works.

Moelis float

The anticipated partial float of global investment house Moelis Australia did not fail to disappoint, with an 80¢ rise on debut to a high of $3.30, before closing at $3.15. Under the deal, 20 per cent worth of new shares were offered at an initial $2.35 in February, and were sold to high-net-worth investors, clients of Crestone Wealth Management (the former UBS Wealth Management), Ord Minnett and Moelis staff.

It was heavily over-subscribed on a busy trading day, so no doubt the financial planners and their clients will be popping the champagne corks.

Some of the Moelis staff who took up their entitlements, which have a voluntary six-year vesting period, include the chairman and former Channel Nine managing director Jeffery Browne, chief executive Andrew Pridham, and directors Julian Biggins and Andrew Martin. But perhaps the biggest shareholder in the group, who also worked on the prospectus, is the former Sydney Swan premiership ruckman and now Moelis staffer, Canadian Mike Pyke – who stands at a very tall two metres.