Added to YB: 2026-09-28
Pitch date: 2026-09-23
KPG.AX [neutral]
Kelly Partners Group Holdings Limited
-0.7%
current return
Author Info
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Company Info
Kelly Partners Group Holdings Limited provides chartered accounting and other professional services to private businesses and high net worth individuals in Australia and internationally.
Market Cap
AUD 199.2M
Pitch Price
AUD 4.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.72
P/E
56.41
EV/Sales
2.23
Sector
Professional Services
Category
special_situation
Kelly Partners Group ($KPG.AX) Strategic Analysis: Nasdaq Listing & Debenture-style Debt
KPG.AX (update): Kelly Partners’ proposed no-raise Nasdaq listing and ASX delisting is intended to open US debt markets for a Constellation-style centralized acquisition facility, but shareholders must accept an interconditional dual-class package that could lift founder voting power toward 49%. Extinguishing the A$6.3M founder loan removes a lender concern, yet costs roughly 5% of FY26 underlying EPS and leaves debt outstanding; net debt/EBITDA is 1.52x, or ~2.3x including leases.
Read full article (11 min)