Lellco connected to SME
Written on the 17 April 2009
LELLCO Investments is now on board with an international newswire connecting SMEs with potential investors.
The Milton-based company’s Darren Lelliott has been made regional director with Growthwire, which was established mid-2008 and entered the Asia Pacific region in November.
Growthwire is a UK-based company and CEO David Rose takes the claim as being the man who coined the term ‘private equity’.
Lelliott says there has been a fantastic and rapid response to the service, which aims to improve capital-raising by raising awareness for SMEs, including start-up companies.
“Growthwire is what professional capital-raising advisers like ourselves, our clients and investors have needed for a long time,” says Lelliott.
“A big part of the problem with SMEs is that to be able to raise capital, they need to make investors aware of what’s on offer. The role for us is to make it easier for parties to find each other, but it’s independent and that’s crucial.”
He says SMEs only need to pay a small fee for the service but Growthwire does not charge commission fees when it connects clients.
“Investors respond directly to us and we provide the professional interface to the investment opportunities that they demand.”
Lelliott originally started his own Australian Venture Funding Network (AVFN), which offers a similar service to Growthwire, but Growthwire offers more international scope for investor exposure
“Lellco Investments already has three excellent Queensland clients listed with Growthwire and the response for those businesses has been excellent because it makes more suitable investors aware both in Australia and internationally,” says Lelliott.
“Currently, investment opportunities in growing SMEs are posted from Australia, China, India, Malaysia, New Zealand, Singapore, South Korea, Thailand and Vietnam.”