Cameron O'Reilly

Cameron O'Reilly
Born Anthony Cameron O'Reilly
(1964-04-28) 28 April 1964
Dublin, Ireland
Occupation Chief executive of Bayard Capital AG
Spouse(s) Ilse O'Reilly (engaged 1992)
Children Elliott, Oscar, Tara and Sasha O'Reilly

Anthony Cameron O'Reilly, generally known as Cameron O'Reilly, (born 28 April 1964) is a Dublin-born businessman with Irish and Australian citizenship, the son an Irish father, media magnate Tony O'Reilly and an Australian mother, Susan Cameron. Having managed one of Australia's largest press groups, he is currently managing director of Landis+Gyr, formerly the Bayard Group, which includes the world's largest electricity metering supplier, and has revenues of over 1.2 billion USD.

Life

Early life

O'Reilly was brought up in Dublin and Kilcullen in Ireland until age five, then London in England for a couple of years, then in the U.S. at Fox Chapel, Pittsburgh until age 14.[1] He finished school at Clongowes Wood, a Jesuit school near the main family home, Castlemartin, County Kildare, both historically owned by the same family.

He took his Irish Leaving Certificate in 1983, then attended Oxford University, graduating with an honours degree in politics, philosophy and economics, having represented the university in tennis, rugby and punting, and having led a motorcycle expedition from Oxford to China.[1] He also represented Oxford in debating and was treasurer of the Oxford Union.[2]

Early career

O'Reilly worked for the investment bank Goldman Sachs from the mid-1980s to 1988. He then returned to Ireland to work for a few months at Independent News & Media, the public company led by his father, before being moved to Australia, to a sales role on the regional side of APN News & Media, in which the O'Reilly family (via a trust) and Independent had invested. He was also appointed to the APN board of directors. APN at that time was already a major Australian press group, leading in local newspapers. After working in sales from 1988 to 1991, he was appointed general manager of the Rockhampton Morning Bulletin from 1991 to 1992, then deputy CEO of APN.

In 1992, he met his wife-to-be, Ilse, on a blind date, and they became engaged three weeks later. He noted that one newspaper commented that he might spend more time on APN and less in nightclubs after this.[1]

In May 1996, O'Reilly was appointed CEO of APN, and directed a programme of acquisition and development over several years, increasing interests in radio and other channels, while approaching the internet area cautiously.[2] He became involved in the work of a number of charitable organisations, some with his wife, Ilse (who also has her own charitable interests, including a refuge for women), and became a life governor of the Australian Ireland Fund. In October 1999, O'Reilly announced that he would leave his executive role at APN to pursue private business interests, and he did so in July 2000, moving to Grenoble in France. He remains a non-executive director of APN and was a director of Independent News and Media until early 2009. He is also a director of IRESS Market Technology.

Later career

In 2002, O'Reilly returned to Australia, where he received the Governor Peace Award in November.[3] He also became a director of Gazal Corporation Limited (2002–2005), one of Australia's leading drapers.

In May 2003, he launched investment house Bayard Capital, with 100 million Australian dollars from various shareholders, including John Fairfax and the government of Singapore[4] He himself sold two thirds of his APN shares in early 2004 to invest in Bayard, which spent over 200 million USD on acquisitions in its first year, finishing that year with 3500 employees in 27 countries and annual sales of over 600 million USD.

O'Reilly developed Bayard with a focus on investments that leveraged growing shortages of energy and water, including metering technology, and by 2008, the Bayard group of companies employed over 5000 people across 30 countries, with a turnover of in excess of 1.2 billion USD and EBITDA earnings in excess of 200 million USD.[5] One of its major holdings was Landis + Gyr, the world's largest electrical metering company, and the entire group was renamed to Landis+Gyr in early 2008.

In June 2008, O'Reilly received the International Irish Business Person of the Year Award from Dublin-based Business & Finance magazine,[6] having in May spoken about his company's plans to partially float.[7]

In July 2008, O'Reilly announced a five-year refinancing of the company's borrowings and credit lines, totalling 1.1 billion USD, and plans to float by 2010, with an equity value in excess of 2 billion USD. He noted that his shareholding would be around 7% by then, including share options. His father owns around 7% also. The flotation would probably take place in New York, where the company formally opens a new office 18 July 2008.[8]

In May 2011, it was announced that O'Reilly had sold Landis+Gyr to Toshiba Corporation of Japan for $2.3 billion. The sale was closed on 29 July 2011.

Following the sale, O'Reilly returned as CEO of Bayard Capital AG

Personal life

O'Reilly and his wife Ilse have four children Elliot, Oscar, Tara and Sasha (aged 11 to 17 Nov 2011). O'Reilly has since 2010 resided in Zug, Switzerland, the home of Landis+Gyr and now Bayard Capital AG. His hobbies include hiking and ski touring.

See also

Sources

Notes and references

  1. 1 2 3 The Irish Times, 18 July 2008, Business, The Friday Interview: "Measuring up Cameron O'Reilly, Landis+Gyr",
  2. 1 2 The Sunday Business Post, "The Son That Got Away", Gavin Daly, Dublin, 31 October 2004.
  3. ↑ "Cameron O'reilly and Ilse O'Reilly at their table having received The Governor Peace Trophy" - see caption
  4. ↑ Sydney, Australia, 13 March 2003: Asia Pulse, "Former APN News & Media Ltd Chief Executive Cameron O'Reilly has raised more than A$100 million through his privately owned Bayard Capital Partners Pty Ltd."
  5. ↑ http://www.bayard.com.au About Us, retrieved 26 March 2008
  6. ↑ Dublin, Ireland: The Irish Independent, 6 June 2008, Ailish O'Hora: O'Reilly Scoops Top Business Accolade<http://www.independent.ie/business/irish/oreilly-scoops-top-business-accolade-1399559.html>
  7. ↑ Dublin, Ireland: The Irish Independent, 21 May 2008, Ailish O'Hora: Landis+Gyr plan to raise up to $750m with US share issue<http://www.independent.ie/business/irish/landisgyr-plan-to-raise-up-to-750m-with-us-share-issue-1381595.html>
  8. ↑ Dublin, Ireland: The Irish Times, 18 July 2008, Ciaran Hancock; Business, Top Story: "Cameron O'Reilly firm completes 1.1bn refinancing",
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