Octaviar Limited is an Australian diversified investment company in the funds management and financial services sectors. The company, once valued at $2.4 billion was forced to sell its main asset, the Stella Group, in February 2008 and in March 2008 the value of the company had fallen to just $480 million.

As of August 1, 2009 the company is in liquidation

Liquidation

In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation...

. The company was delisted from the Australian Stock Exchange

Australian Stock Exchange

The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....

 on 31 August 2009 after failing to pay listing fees.

History

• 1999: McLaughlins Financial Services Limited, founded by Michael King, receives ASIC
  ASIC
  ASIC may refer to:* Application-specific integrated circuit, an integrated circuit developed for a particular use, as opposed to a customised general-purpose device.* ASIC programming language, a dialect of BASIC...
  
   AFSL 227010
• June, 2000: Acquires Noosa Junction Shopping Centre
• November, 2000: Launches MFS Premium Income Fund
• July, 2001: Acquires MFS Leveraged Investment and Securities Trust
• 2002: MFS subsidiary, McLaughlins Financial Services Limited acquires over A$250 million of real estate assets
• 2003: MFS subsidiary, McLaughlins Financial Services Limited, acquires property at Queen Street, Melbourne and retail premises of Louis Vuitton
  Louis Vuitton
  Louis Vuitton Malletier – commonly referred to as Louis Vuitton , or shortened to LV – is a French fashion house founded in 1854 by Louis Vuitton. The label is well known for its LV monogram, which is featured on most products, ranging from luxury trunks and leather goods to ready-to-wear, shoes,...
  
   at the intersection of Collins and Russell Streets.
• March, 2004: MFS subsidiary, McLaughlins Financial Services Limited, acquires a number of homemaker centres in Queensland and New South Wales.
• May, 2004: Acquires the AAE group of companies, which owns and operates the Victorian ski field businesses at Mount Hotham and Falls Creek
• September, 2004: Acquired approximately 18.5% of the ASX listed BreakFree Limited.
• October, 2004: MFS Premium Income Fund was sized at approximately $440 million
• January, 2005: Re-lists a restructured MFS group on the Australian Stock Exchange (ASX) and announces merger with BreakFree Limited.
• February, 2005: reaches 50.1% interest in BreakFree Limited
• March 2005: acquire luxury accommodation group Peppers Leisure Limited and the Sheraton Mirage Resorts located on the Gold Coast
  Gold Coast, Queensland
  Gold Coast is a coastal city of Australia located in South East Queensland, 94km south of the state capital Brisbane. With a population approximately 540,000 in 2010, it is the second most populous city in the state, the sixth most populous city in the country, and also the most populous...
  
   and Port Douglas
  Port Douglas, Queensland
  Port Douglas is a town in Far North Queensland, Australia, approximately north of Cairns. Its permanent population was 948 residents in 2006. The town's population can often double, however, with the influx of tourists during the peak tourism season May–September. The town is named in honour of...
  
  .
• April 2005: BreakFree expands into Queenstown
  Queenstown, New Zealand
  Queenstown is a resort town in Otago in the south-west of New Zealand's South Island. It is built around an inlet called Queenstown Bay on Lake Wakatipu, a long thin Z-shaped lake formed by glacial processes, and has spectacular views of nearby mountains....
  
  
• May 2005: Completed BreakFree Limited merger
• June 2005: HFA Asset Management announces the closure of its HFA Octane Fund Series Two which attracted over $90 million in investments.
• July 2005: MFS wins the 2005 Hotel Investor of the Year Award for the Sheraton Mirage Resorts
• September 2005: MFS subsidiary, McLaughlins Financial Services Limited is appointed the Responsible Entity for the PH Sydney Hotel Trust and the Challenger Howard Property Trust. The major asset of the Trusts is the Park Hyatt Hotel on Sydney Harbour.
• October 2005: MFS launches a golf industry investment fund in conjunction with its title sponsorship of the 2005 MFS Australian Open.
• February 2006: The MFS Living and Leisure Trust (MPY) announced that it has acquired the Melbourne based Oceanis Group, the world’s largest aquarium owner and operator.
• January 2008: A proposal to the market is announced whereby MFS' financial services and tourism arms are to be split. This proposal is not well received by the market, following which the company's share price falls significantly, its shares are temporarily suspended from the ASX and the CEO resigns.
• August 2008: The MFS Living and Leisure Trust (MPY) now called Living and Leisure Australia (asx: LLA) was recapitalised and refinanced under a $236m rescue deal put together by Charbel Nader
  Charbel Nader
  Charbel Nader is an Australian investment banker who first came to prominence through a number of innovative Film Financing transactions in the 1990s the most notable being a series of Village Roadshow off balance sheet film financings which funded Films such as The Matrix series and Ocean's Eleven...
  
   of Pitt capital Partners and involving the James Packer
  James Packer
  James Douglas Packer is an Australian businessman.Packer is the son of the late media mogul Kerry Packer and grandson of Frank Packer. He inherited the family company, Consolidated Press Holdings Limited, which controls investments in Crown Limited, Consolidated Media Holdings and other companies...
  
   controlled Arctic Capital.
• September 2008: After a proposal to major creditors fails to get acceptance the Directors appoint voluntary administrators to the group with the aim of trying to reach an accommodation with the majority of creditors through a Deed of Company Arrangement.

• August, 2009: Octaviar Limited is placed in liquidation
  Liquidation
  In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation...
  
  .
• November, 2009: The Australian Securities and Investments Commission commences an action against former directors for misappropriating $130 million allegedly sourced from the Premium Income Fund of which MFS Investment Management Limited was the responsible entity.

Assets

MFS owns :

• MFS Funds Management Group
• Structured Finance Solutions
• HFA Funds Management Group

MFS manages:

• MFS Diversified Group now GEO Property Group
• MFS Living & Leisure Group now Living & Leisure Australia