1999 Experience
Venture Capital Investing and Management
Momentum Funds Management
Melbourne - $30 million early stage Australian technology venture capital fund
Between 1997 and 2004 Jason Bresnehan provided venture capital management services Melbourne based venture capital firm Momentum Investment Group a technology venture capital firm that invests in high-risk early stage companies commercialising technologies internationally.
As part of a four person venture capital team Jason was involved in all aspects of the international venture capital process including; initial company assessment, detailed due diligence, negotiation of investment terms, deal structuring, project managing the deal closing process, legals, subsequent investee management, investee directorships, the development of investee commercialisation strategy and action plans, exit strategy and execution.
Jason travelled throughout the world on behalf of Momentum’s investees and has undertaken mandates in Singapore, Hong Kong, London, San Diego, Los Angeles, San Francisco, New York and Atlanta.
During this Jason has performed over 40 detailed assessments of Australian technology companies and led three multi-million dollar investments.
Banking Tender
Aurora Energy Pty Ltd
Hobart - Government owned electricity retailing monopoly
Jason Bresnehan was retained by Aurora to prepare and manage bids for the tender of the Company’s transaction and debt based banking business. The mandate required a high level understanding of the Company’s $500 million per annum business and detailed analysis of bids from the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, Australia and New Zealand Banking Group, Chase Manhattan and Trust Bank.
The tender was successful and the appointment of a new trading bank decreased banking costs by $350,000 per annum.
Feasibility Study and Political Lobbying
Bosch Engineering Pty Ltd
Launceston - Proposed $40 million 9 dam irrigation scheme in Tasmania
Between 1999 and 2002, Bresnehan Ventures was the key adviser to Bosch Engineering in its bid to secure $500,000 in feasibility funding from the Tasmanian Government to prepare detailed engineering, financial, environmental and social studies into the development of since irrigation schemes northern Tasmania.
Feasibility Study and Economic Models
HECEC Pty Ltd
Hobart - Power and Water Consultants
Jason Bresnehan completed a financial feasibility study on behalf of HECEC, as a component of its full engineering and financial feasibility study for the proposed $15 million Jordan River irrigation scheme in Tasmania’s south.
The study involved an assessment of alternative crop gross margins and the calculation of the cost per mega litre of water after finance costs, operations costs, engineering and management costs.
Financial Modelling
Retriever Communications Pty Ltd
Sydney - Mobile application software and services in-field service, sales and health work force
Prior to Momentum Ventures finalising its investment into Retriever, Bresnehan Ventures completed a review of Retriever’s financial projections and financial strategy including the roll-out of the company’s European business model. The review was relied upon by the venture capitalist to commit to second round funding of $1m.
Business Plan
Tasmanian Seeds Ltd
Launceston - Seed growers and distributors
Jason Bresnehan was retained to prepare business plans and financial strategies to be included in an application to purchase two plant variety rights from the Tasmanian Government. The application was successful and Tasmanian Seeds commenced the process of bulking up the seeds by participating contract growers.
Feasibility Study
Meander Valley Council
Deloraine - Regional council in Tasmania’s North
Bresnehan Ventures conducted a feasibility study on behalf of the Council to assess the financial feasibility of a proposed regional industrial park at Deloraine in Northern Tasmania. The study undertook market, economic and financial assessments and concluded that the Council should not commence the project.
Development of Sale and Leaseback Options
Webster Ltd
Hobart - ASX listed agribusiness company
In conjunction with Investas (former Tasmanian Investment banking firm, now part of KPMG), the Bresnehan Group gave advice on structured sale and leaseback opportunities for the Company’s statewide portfolio of rural and commercial properties.
The advice included structure, terms, lease terms and the use of innovative security mechanism such as bank guarantees and cascading cash deposits.