Australia: Clayton Utz advises Ironbridge Capital on retail sale
Last Updated: 20 August 2012

Sydney, 16 August 2012: Clayton Utz is advising leading private equity firm Ironbridge Capital (Ironbridge) in connection with the sale of a majority interest in Super A-Mart to Quadrant Private Equity.

Announced to the market yesterday, the transaction also involved the sale of Barbeques Galore businesses and will see Quadrant acquire a majority stake in a new entity for the common ownership of the two businesses. The remaining interest will be held by Ironbridge, Macquarie Group, Partners Group and management.

Clayton Utz Sydney Private Equity partners Niro Ananda and Jonathan Donald and Finance partner Geoff Geha are leading the team advising Ironbridge, with support from senior associates Kounny Rattley and John Farren-Price and special counsel Kathryn Mitchell.

Commenting on the firm's relationship with Ironbridge, Mr Ananda said: "Clayton Utz is pleased to advise longstanding client Ironbridge in relation to its negotiations with Quadrant, having previously advised Ironbridge on its initial investment in Super A-Mart in 2006."

Clayton Utz's national head of Private Equity David Stammers said the team continued to be at the forefront of significant market activity having advised on a number of substantial private equity acquisitions and divestments over the last 12 months.

"Despite market conditions affecting the overall number and volume of private equity acquisitions and divestments, over the last 12 months our team has experienced a strong flow of work including roles on: the NZ$1.525 billion sale of Independent Liquor by Pacific Equity Partners and Unitas; the A$700 million sale of iNova by Ironbridge Capital and Archer Capital; and on the A$1.2 billion acquisition of MYOB by Bain Capital. This experience translates to a comprehensive knowledge of the latest developments in private equity transaction structures and market practice," said Mr Stammers.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Dean Gerakiteys
By Frank Bannon
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
Tools
Print
Font Size:
Translation
Channels