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. April 2008: The head company, MFS Ltd, is renamed Octaviar Limited. 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 of Pitt capital Partners and involving the James Packer 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. 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 References Defunct investment companies of Australia Companies based on the Gold Coast, Queensland 1999 establishments in Australia Financial services companies established in 1999