ANTHONY DUNN

KINGSTON (JAM)
Role(s):
Founder/Owner/Principal

OSTRICH INVESTMENTS LIMITED

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Location: KINGSTON
Industry: Accounting
Year Founded: 2008
Number Employees: 1-10 people
Description: OSTRICH INVESTMENTS LIMITED Winchester Business Center 15 Hope Road Block B Unit 40 Kingston 10 Tele: 906-2349 Fax: 906-2348 COMPANY | Mission and Values Mission To generate exceptional long-term value for our shareholders and investors by playing an active part in the strategic management of companies and focusing on our core values of honesty, integrity, trust, the word is the bond and the highest standards of ethics and professionalism. Values Rewarding Merit: Our commitment to rewarding merit is total, uncompromising and is applied at every level, forming the basis for our people management and compensation policy. Trust: We delegate full authority and responsibility so that people may properly perform their duties and be creative and innovative in their thinking. Ethics: Our actions are governed by the highest ethical and professional standards and any deviation from these standards, no matter how slight, is utterly unacceptable. Simplicity: We believe in keeping things simple. Simplicity generates agility and agility generates innovativeness and innovativeness generates success. Teamwork: We put the highest value on teamwork grounded in optimism, open-mindedness and humility. Attitudes or behavior centered on the individual, rather than the team, are unacceptable. Quality: We will pursue global standards of excellence in everything we do. Professional Excellence: Our people are chosen for their ability and their enthusiasm and we offer them a challenging environment, encouraging them to be bold and take risks, thereby guaranteeing endurance. Total Commitment to Results: We are entirely profit-driven in the firm belief that this is the only way to ensure continuity and long-term growth. Sharing Success: In order to ensure a perfect alignment of interests, we share the company’s value generation among our entire team. Sharing Knowledge: We encourage the transparent transmission of information and the standardization of processes and procedures to store and share our knowledge. Sharing Culture: We are all equally responsible for transmitting our values to our investors through our attitudes and by setting an example, in order to create world-class companies and generate value in the long-term. Nothing is Impossible: Our business thrives on perseverance, creativity, innovation, optimism and hard work. Investment Strategy • Focusing on Varied Sectors Many companies in Jamaica and the Caribbean lack the financial resources and professional management required to position them for the next stage of growth. Many of these target companies can experience a rapid increase in value from the professional oversight, strategic guidance and capital resources that the Company offers, regardless of their sector of activity. Ostrich Investments believes it is important to be flexible so that the Company may capitalize on opportunities as they arise. At the same time, its rigorous industry analyses and the adherence to its philosophy of focusing on businesses in which the Company can improve operating performance will reduce risks to its investors. Despite its broad sector focus, Ostrich Investments will follow a very disciplined investment approach, initially abiding by the investment guidelines below. The board of directors has approved these investment guidelines and any changes to them must be approved by a special majority of 80% of the board of directors. The Company will not invest in situations without control or board representation of at least two directors on the board of target companies; The Company will decline any investment opportunity, which has been determined in good faith by a majority of its board of directors to be related to weapons, tobacco or other industries that have negative social and environmental implications; Ostrich Investments will follow certain diversification limits, ensuring that a single company or sector will not represent more than 25% or 35% of its assets, respectively; and The Company will not contract leverage in its balance sheet higher than 50% of its assets. • Focusing on Start-up or Greenfield Projects, Mature Companies and Business Models, Infrastructure Development and Real Estate in Jamaica, the wider Caribbean and Latin America. Ostrich Investments expects to invest in companies of a start-up nature or greenfield, mature companies, companies with strong growth potential, infrastructure and real estate development with certain size (typically over J$30 million in revenues) because they tend to have a series of advantages over larger businesses, including: (i) need for a smaller equity investment, resulting in a larger number of companies in the portfolio, consistent with its operations-oriented strategy, (ii) diversity and strong growth potential (iii) easier attraction of entrepreneurial management talent, and (iv) broader exit prospects due to higher interest from strategic acquirers and access to the capital markets. • Pursuing Opportunistic Deal Types The Company will focus on greenfield operations with strong growth potentials and innovative business models, leveraged acquisitions, recapitalizations and growth financings of established businesses in a variety of industries. These types of transactions may arise as a result of an opportunity for: (i) consolidation in fragmented industries; (ii) divestitures by larger companies of non-core assets; (iii) acquisitions of family owned businesses in need of growth capital or a highly skilled management team; and (iv) restructurings of fundamentally sound but poorly managed companies or the recapitalization of under-capitalized companies (v) innovative start up and greenfield operations for example in technology that has strong growth prospects and excellent pay back prospects. Ostrich Investments believes that these situations may generate opportunities to make interesting investments at attractive entry valuations. • Implementing Management Philosophy in Portfolio Companies Ostrich Investments will maintain and replicate at its portfolio companies the successful management philosophy that the Ostrich Group has been refining since 2007. This philosophy, based on the principles of strict cost control, lean organizational structures, talent development, meritocracy, and business ethics, is a powerful framework that will help the Company maximize the operating performance of each acquired asset, and reduce risks. • Reducing Risk Through a Disciplined Investment Process The Company will focus on the risk/reward profile of each prospective portfolio company. Ostrich Investments will seek to reduce risks by: (i) focusing on companies with excellent growth prospects aimed at acquiring or maintaining leading market positions and strong cash flows, (ii) engaging in extensive due diligence from the perspective of a long-term investor, (iii) investing at low price to cash flow multiples, (iv) acquiring control or joint control positions, (v) adopting low-leverage capital structures, and (vi) devising likely exit alternatives still in the investment phase. • Investing Restrictions Ostrich Investments equity investments will be made by the Company directly or through other private equity funds that may be established from time to time, for example, Ostrich III which focuses on Infrastructure and Real Estate development.