Keybridge Capital (ASX: KBC) - Voluntary Administration

Keybridge Capital (ASX: KBC), a Melbourne-based investment firm, entered voluntary administration on 9 February.

The move comes after chocolate and toy company Yowie (ASX: YOW), of which Keybridge is the majority shareholder, demanded repayment of a $4.6 million loan, which appeared to put the already struggling company over the edge.

Keybridge is also facing court action by one of its own shareholders, WAM Active (ASX:WAA), a firm controlled by Geoff Wilson. Wilson’s group, which owns over 45% of Keybridge, has reportedly been at odds with companies owned by Nicholas Bolton — Keybridge’s CEO — which own about 20% of Keybridge.

Keybridge has been trying to raise capital since October 2024 but says its efforts have been hampered by the court action, which has included an investigation into Keybridge’s solvency and blocked its ability to raise capital.

Gideon Rathner of Lowe Lippmann was appointed voluntary administrator.