Seven Group Holdings Limited (SGH, formerly Seven Network Limited) is an Australian diversified operating and investment group in the media, mining and construction industries.

History

Seven Network Limited was formed in 1991 by receivers to bundle together the assets of

Christopher Skase Christopher Charles Skase (18 September 19485 August 2001) was an Australian businessman who later became one of his country's most wanted fugitives, after his business empire crashed spectacularly and he fled to Majorca, Spain. Early life ...

's failed Qintex business. In 2002, Seven Media Group acquired

Pacific Magazines Pacific Magazines was a magazine publisher operating in Australia owned by Seven West Media. In March 2020, it was acquired by Bauer Media Australia in April 2020. In June 2020, Mercury Capital acquired Pacific Magazines as part of its purcha ...

. In January 2006, Seven Media Group partnered with

Yahoo! Yahoo! (, styled yahoo''!'' in its logo) is an American web services provider. It is headquartered in Sunnyvale, California and operated by the namesake company Yahoo! Inc. (2017–present), Yahoo Inc., which is 90% owned by investment funds ma ...

to launch

Yahoo!7 Yahoo! Australia (formerly Yahoo7 between 2006 and 2018) is the Australian subsidiary of global internet company Yahoo! Originally a 50/50 joint venture between Yahoo! and Seven West Media, it has been a 100% subsidiary of Verizon Media since M ...

, founded as a cross-media entity which would expand the content distribution networks of both companies. In December 2006, Seven Network Limited shareholders voted to spin off the company's 'old media' assets into a 50/50 joint venture with private equity firm

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its stra ...

, creating the Seven Media Group. In January 2008, Kerry Stokes' National Hire Group took over alongside private investors

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

the equipment rental company Coates, de-listing it from the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia a ...

. The hire businesses of Coates and National Hire were merged to consolidate the two largest hire companies in Australia, creating ''Coates Hire''. On 22 February 2010, it was announced that WesTrac, owned by Australian Capital Equity,

Kerry Stokes Kerry Matthew Stokes (born John Patrick Alford on 13 September 1940) is an Australian businessman. He holds business interests in a diverse range of industries including electronic and print media, property, mining, and construction equipment. ...

's investment firm, would merge with Seven Network Limited, and the combined entity was renamed "Seven Group Holdings". On 25 October 2017, SGH acquired the remaining 53% from The Carlyle Group as well as from other minority owners for $517 million. SGH had first invested in Coates Hire, alongside The Carlyle Group and exiting management in 2008 through its WesTrac subsidiary. In April 2011, Seven Media Group was acquired by

West Australian Newspapers ''The West Australian'' is the only locally edited daily newspaper published in Perth, Western Australia. It is owned by Seven West Media (SWM), as is the state's other major newspaper, ''The Sunday Times''. It is the second-oldest continuously ...

to create

Seven West Media Seven West Media Limited is an ASX-listed media company and is Australia's largest diversified media business, with an extensive presence in broadcast television, print and online publishing. Seven Group Holdings Ltd (SGH), a company contro ...

. Seven Group Holdings remains Seven West Media's largest shareholder, with a 33% stake. As of July 2021, this stood at 40%. In July 2021, Seven Group Holdings took majority ownership in

Boral Boral Limited is Australia's largest building and construction materials supplier, with market-leading positions in quarries, cement, concrete and asphalt. Boral is actively pursuing a decarbonisation strategy through recycling of demolition ma ...

.Notice of change of interests of substantial holder
Boral 30 July 2021

References

External links

Seven Group Holdings
{{S&P/ASX 200 Companies based in Sydney Companies listed on the Australian Securities Exchange Holding companies of Australia Holding companies established in 1956 Mass media companies established in 1956 Mass media companies of Australia Mining companies of Australia Seven Network Australian companies established in 1956