Seven Group Holdings
Seven Group Holdings 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's failed Qintex business.
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, creating the Seven Media Group.
In 2002, Seven Media Group acquired Pacific Magazines.
In January 2006, Seven Media Group partnered with Yahoo! to launch Yahoo!7, founded as a cross-media entity which would expand the content distribution networks of both companies.
In January 2008, Kerry Stokes' National Hire Group took over alongside private investors The Carlyle Group the equipment rental company Coates, de-listing it from the ASX. The hire businesses of Coates and National Hire were merged to consolidate the two largest hire companies in Australia, creating Coates Hire. 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.
On 22 February 2010, it was announced that WesTrac, owned by Australian Capital Equity, Kerry Stokes's investment firm, would merge with Seven Network Limited, and the combined entity was renamed "Seven Group Holdings".
In April 2011, Seven Media Group was acquired by West Australian Newspapers Ltd to create Seven West Media Ltd. Seven Group Holdings remains Seven West Media's largest shareholder, with a 33.2% stake.
