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Kegs on Legs team eyes new horizons
The team behind Kegs on Legs is celebrating the sale of their award-winning party
supply business, in a successful exit for RMIT University’s most famous
entrepreneurial alumni.
Having lived the dream of all young entrepreneurs since winning RMIT’s Business
Plan Competition in 2006, Campbell King and Valjean Boynton are looking to new
horizons after selling the iconic beverage catering venture to The Gingerbread Group.
Mr Boynton said he was thrilled to pass on the reins to the new owners.
“It’s amazing to see your idea grow into a business that is valued so highly
someone else wants to buy it," he said.
"For us it was never all about the money – we really looked at it as a learning curve
and in that regard we’ve gained so much.
“We felt the timing was right to sell Kegs on Legs because we’d brought all we
could to the business and we thought it could do with some fresh minds – as well
as contacts in the wider industry – to take it to the next level.”
Armed with the knowledge gained from their studies at RMIT and the practical
experience of starting, growing and selling a start-up venture, the pair is looking
forward to continuing their business careers.
Mr Boynton is joining The Gingerbread Group and will continue to have a role in
the expansion of Kegs on Legs. Anthony Bailey, Director of The Gingerbread
Group, said: "After seeing what he and Campbell achieved in building Kegs on
Legs to where it is now, Valjean will be a great asset in growing The Gingerbread
Group to Australia's premier boutique event services company.”
Mr King, who went on to complete a Master of Professional Accounting at RMIT,
has joined specialist corporate insolvency firm KordaMentha.
"One thing that attracted me to KordaMentha was its emphasis on empathy in
approaching businesses that have hit hard times – having owned and operated a
business myself, I know things don't all ways go the way you want them to,” he said.
The sale caps off an incredible journey for the pair, in which their business start-up
won numerous accolades including the Port Phillip Business Association Young
Entrepreneur Award, the Victorian Small Business Champion Award and the
Innovation Award at the Queen’s University Entrepreneur Competition in Canada.
For interviews: Campbell King, 0421 339 703, or Valjean Boynton, 0409 955
941.
For general media enquiries: RMIT University Media and Communications,
Gosia Kaszubska, (03) 9925 3176 or 0417 510 735.
15 April, 2009
NEWS 
