The business was founded by the management team and Torrens Capital with a view to improve on the services offered by other agencies and provide nursing staff with a caring and personal approach.

YNA’s primary objective is to support every aspect of its clients’ careers and ensure a positive agency experience, and the business is managed by an experienced team with over 30 years working in Australia’s leading nursing agency. Through its network of contacts YNA assists its clients to advance their careers, gain new experience, and find fresh, rewarding environments in which to work.

The health services and health recruitment markets are both areas where Torrens Capital has experience and a fantastic track record. In the short time since its inception YNA has secured several excellent clients and has recruited experienced nursing staff. We see that this business will continue to grow over the next 5 to 10 years to become a leading agency in Australia.

Visit Your Nursing Agency on the web at www.yna.com.au.

We are currently working with our portfolio companies to look at opportunities for interstate and international expansion. Doing this now, in the current climate, means that we may have access to better, more-experienced management teams than we would otherwise.

For investors in a fund like ours this makes for a positive environment in which to take stakes in well-run businesses where the former owner may be remaining with the company in a management role. This is a good time to work internally on a business to grow market share and establish the business as a leader when conditions improve.

You don’t make money by buying at the top of the market. This is important to remember when being bombarded by negative messages from the mainstream press. Many potential investors have been deterred from taking the step, but now really is the best time to invest.

Torrens Capital operates on a called-capital basis whereby investors, usually high-net-worth individuals, make a commitment of capital to our fund. This is an important point to make for people who aren’t familiar with the process: rather than paying the committed amount upfront and Torrens Capital holding this money the investors agree to provide funds up to a certain amount if and when called upon.

Torrens Capital makes investments into small-to-medium-sized businesses and then assists those businesses to achieve growth through working closely with the Management Team. Upon such an investment being approved by the investment committee we call on a portion of the capital committed by our investors during the investment period of the fund. The capital is only called when an investment is made and capital may only be called up to the committed amount – and all management fees and costs are included in the committed capital, providing certainty that there are no hidden or unexpected costs.

We look forward to sharing more information on how Torrens Capital and the private equity markets operate. In the meantime, for further information about investing with Torrens Capital, please contact us on (08) 8212 9600 or email us at info@torrenscapital.com.au.

Adelaide, 2 April 2009 - Torrens Capital today announced that it has entered into an agreement to become the major shareholder in Doug Dick & Co. (DDC), provider of cemetery and crematorium consultancy services and memorial-project solutions.

Torrens Capital Managing Director Joel Hepburn-Brown said, “DDC possesses strong fundamentals, has a nationwide client base, and has an enviable reputation in the industry. We’re tremendously excited by by this acquisition and by the potential that DDC has for growth in domestic and international markets.”

Hepburn-Brown continued, “We are glad to confirm that Doug and Jason Dick are remaining in management positions at DDC and are retaining a significant equity interest in the company, enabling the business to benefit from the skills, knowledge, and insight that they have brought to DDC over the past decade.”

Founded in 1998, DDC provides cemetery and memorial project planning and management to clients across Australia. DDC produces the Life’s Memories glass memorials, and is the sole Australian provider of the technology in this application.

Possessing combined operational and management experience of over 50 years in business, Torrens Capital is a South Australian private equity firm specialising in SME business acquisitions.

For more information call Torrens Capital on (08) 8212 9600 or visit Torrens Capital on the web at www.torrenscapital.com.au.