SVW | |
Type | Public |
| |
Industry | Media, Mining, Construction, Equipment rental |
Predecessor | Qintex Seven Network Limited |
Founded | 1991 |
Founder | Kerry Stokes (Executive Chairman) |
Headquarters | , |
Area served | Worldwide |
Key people | Ryan Stokes (CEO) Warwick Smith (Director) |
Parent | Australian Capital Equity (68%) [1] |
Subsidiaries | Beach Energy (29%) Boral (70%) Coates Hire Seven West Media (40%) WesTrac |
Website | sevengroup |
Seven Group Holdings Limited (SGH, formerly Seven Network Limited) is an Australian operating and investment group in the media, mining and construction industries. [2]
Seven Network Limited was created in 1991 by receivers in order to bundle together the assets of Christopher Skase's collapsed former business, Qintex. [3] [4]
Between 1995 and April 2001, Alan Jackson of Nylex was the non-executive director of Seven, after being asked by Stokes to lead the company. [5] [6]
In 2002, Seven Media Group acquired Pacific Magazines. In January 2006, the company partnered with Yahoo! to launch Yahoo!7, a cross-media entity meant to expand the content distribution networks of both companies.
In December 2006, Seven Network Limited shareholders voted to spin off the company's 'old media' assets into a 50/50 joint venture with private equity firm KKR, creating the Seven Media Group. [7]
In January 2008, Kerry Stokes' National Hire Group took over alongside private investors The Carlyle Group the equipment rental company Coates, de-listing it from the Australian Securities Exchange. The hire businesses of Coates and National Hire were merged to consolidate the two largest hire companies in Australia, creating Coates Hire. [8] [9] [10] [11]
On 22 February 2010, it was announced that WesTrac, owned by Australian Capital Equity, Kerry Stokes's investment firm, would merge with Seven Network Limited, and the combined entity was renamed Seven Group Holdings. [12]
On 25 October 2017, SGH acquired the remaining 53% from The Carlyle Group as well as from other minority owners for $517 million. [10] SGH had first invested in Coates Hire, alongside The Carlyle Group and exiting management in 2008 through its WesTrac subsidiary. [13] [11]
In April 2011, Seven Media Group was acquired by West Australian Newspapers to create Seven West Media. [14] Seven Group Holdings remains Seven West Media's largest shareholder, with a 33% stake. [15] As of July 2021, this stood at 40%. [16] In July 2021, Seven Group Holdings took majority ownership in Boral. [17]
Kerry Francis Bullmore Packer was an Australian media tycoon, and was considered one of Australia's most powerful media proprietors of the twentieth century. The Packer family company owned a controlling interest in both the Nine Network and the publishing company Australian Consolidated Press, which were later merged to form Publishing and Broadcasting Limited (PBL). Outside Australia, Packer was best known for founding World Series Cricket. At the time of his death, he was the richest and one of the most influential men in Australia. In 2004, Business Review Weekly magazine estimated Packer's net worth at A$6.5 billion.
Kerry Matthew Stokes is an Australian businessman. He holds business interests in industries including electronic and print media, property, mining and construction equipment. He is most widely known as the chairman of the Seven Network, one of the largest broadcasting corporations in Australia.
GWN7 was an Australian television network serving all of Western Australia outside metropolitan Perth. It launched on 10 March 1967 as BTW-3 in Bunbury. It was an affiliate of the Seven Network and served one of the largest geographic television markets in the world—almost one-third of the continent. The network's name, GWN, is an acronym of Golden West Network, the network's name from 1979 to when the current name was adopted in 2011.
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Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pty Ltd in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Limited taking the current name.
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Qintex Limited was an Australian financial services company founded in 1975 as Takeovers, Equities & Management Securities (TEAM). It was renamed Qintex Limited and came to prominence in 1986, collapsing five years later in 1991. Its main shareholder and Managing Director was Christopher Skase.
Publishing and Broadcasting Limited (PBL) was one of Australia's largest corporations. With interests primarily in media and gambling, for the entirety of its existence it was largely controlled by the Packer family.
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Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.
Prime Media Group Limited was an Australian-based media corporation that formerly owned regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia. It also owned ishop TV, a datacasting channel, co-owned by Brand Developers and two joint ventures with the WIN Corporation, Mildura Digital Television, and West Digital Television, and also owned a network of radio stations in Queensland from 2005 until 2013, when they were sold to Grant Broadcasters.
CIMIC Group Limited is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.
Australian National Industries was an Australian heavy engineering company with diverse range of holdings.
Consolidated Media Holdings (CMH) was an Australia investment company focused on subscription television.
WesTrac is a Caterpillar dealer. It was owned by Australian Capital Equity, which in turn was owned by Kerry Stokes. In 2010 it and Seven Network Limited merged to form Seven Group Holdings.
OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney. The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.
Seven West Media Limited is an Australian ASX-listed media company and is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing.
Coates is Australia's largest equipment rental company. Coates operates in both Australia and, to a lesser degree, Indonesia. It is a fully owned subsidiary of Seven Group Holdings. As of 2019, Coates is valued A$1.7 billion of hire equipment at original cost.