Paragon Private Equity

Current Investments

		Cowell Electric Paragon Private Equity acquired a substantial minority stake in Cowell Electric. Cowell Electric constructs power lines and provides infrastructure services to mine sites and other remote communities. Headquartered in Cowell, SA, it provides services to all mainland states.

		Levett Engineering Paragon Equity invested $1,500,000 into Levett Engineering. Levett Pty Ltd machines aerospace and defence components from titanium, aluminium and exotic alloys. It has a series of contracts on the Joint Strike Fighter with the prime contractor, Lockheed Martin, and engine supplier, Pratt & Whitney.

		NuKorc In April 2006, Paragon invested into NuKorc, a manufacturer of synthetic corks. Paragon funded the company’s working capital and production improvement program. NuKorc currently sells 500 million closures a year, and is the Number two synthetic manufacturer in the world.

Realised Investments
		BresaGen Ltd In August 2005, Paragon invested into BresaGen Ltd, a developer of proteins and peptides, especially biogenerics. In October 2006, BresaGen was sold to Hospira Inc of the US, and Paragon made a 2.35x return on investment, and 135% IRR. Hospira acquired the company to further develop BresaGen’s intellectual property, and to distribute its products into the US.

		Kee Technologies In April 2004, Paragon invested into KEE Technologies, a manufacturer of guidance and auto steering systems for tractors. Paragon funded the company’s expansion into the United States. In September 2006, KEE Technologies was sold to Topcon, a Japanese/American company. Topcon acquired the company to access its North American distribution and to integrate KEE’s products with its own.

Level 1, 121 Greenhill Road
UNLEY SA 5061

Tel (08) 8271 0160
Fax (08) 8373 5075
enquiry@paragonadvisory.com.au