THE private equity arm of ANZ Bank, ANZ Capital has added South Australian property valuation firm Valuation Exchange to its investment portfolio which includes perfume stores, bakeries and pet food manufacturers.
ANZ Capital has made an undisclosed investment, believed to be multi-million dollar, which has resulted in the firm buying out two existing shareholders in ValEx.
ValEx was borne out of the Megaw & Hogg National Valuers business, which in turn grew out of a long established group of businesses operated under the Megaw & Hogg banner in SA.
Megaw & Hogg was established in 1902 in Broken Hill as an auctioneering, land and insurance agency, and valuation business. It moved to
In 1995, Megaw & Hogg began developing its volume residential property valuation business and began its national expansion in 1998/99 with offices in Melbourne, Sydney, Brisbane; Gold Coast;
ValEx has also developed a web based valuation management system.
Along with ValEx, ANZ Capital has interests in michel’s patisserie; the Perfume Connection;
Australian Property Journal
