Growth Drivers
What could change its growth trajectory, and what would confirm it?
Any further growth in VGW now accrues entirely to Lance East Office rather than being shared with other VGW shareholders, since the scheme of arrangement was implemented and all VGW shares were transferred to BidCo. Before that completion, Lance East Office and its affiliates were already VGW's largest shareholder, holding approximately 70% of all VGW shares. The office had entered a Scheme Implementation Deed with VGW to acquire all outstanding shares through Ocean BidCo Limited.
Lance East Office invests across a wide range of classes and sectors, including real estate, early-stage ventures, and alternative assets.
Risk Factors
Which risks could break the thesis, and what would warn of them?
Lance East Office's risk turns on VGW: because it and its affiliates are collectively the largest shareholder of VGW, owning approximately 70% of all VGW shares, a setback at VGW lands directly on the office.
Implementation of the scheme was subject to conditions precedent including court approval, tax rulings, financing arrangements and shareholder approvals. The scheme of arrangement was implemented and all VGW shares were transferred to BidCo.
Product Overview
What does the product do for its buyer, and how is it delivered?
Lance East Office serves Laurence Escalante's family as a private investment office, founded in 2021 to manage his private assets, finances, investments and philanthropic activities. It manages a portfolio of investments, assets, operational businesses and charitable or community focused initiatives. Lance East Office invests across a wide range of classes and sectors, including real estate, early-stage ventures and alternative assets.
Lance East Office focuses on backing initiatives and organisations that help children and families in the WA community and beyond build brighter futures.
