M&A Deal Summary

Quadrant Private Equity Acquires Affinity Education

On September 1, 2021, private equity firm Quadrant Private Equity acquired education company Affinity Education from Anchorage Capital Partners

Acquisition Highlights
  • This is Quadrant Private Equity’s 2nd transaction in the Education sector.
  • This is Quadrant Private Equity’s 34th transaction in Australia.

M&A Deal Summary
Date 2021-09-01
Target Affinity Education
Sector Education
Buyer(s) Quadrant Private Equity
Sellers(s) Anchorage Capital Partners
Deal Type Secondary Buyout

Target

Affinity Education

Brisbane, Australia
website
Affinity Education is a child care operators in Australia, with a portfolio of over 160 centers. Affinity’s key focus is providing exceptional child care and education services. It recognizes and values the moral obligation to act with professional integrity as advocates on behalf of children. Affinity strives to provide a safe, respectful and compassionate environment that recognizes children as people with valuable views and interests to ensure children feel noticed, heard, and understood while receiving the best possible educational program to support their emotional and social development. Affinity Education is based in Brisbane, Australia.

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Buyer(S) 1

Buyer

Quadrant Private Equity

Sydney, Australia

website

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrant Private Equity is a generalist Australian private equity firm focused on management buyouts, buy-ins, and growth capital investments in a broad range of industries. Quadrant prefers profitable businesses and looks to commit AU$70 to AU$150 million per transaction. The Firm will not consider investments in mineral exploration or primary agriculture. Quadrant Private Equity is based in Sydney.

DEAL STATS #
Overall 38 of 40
Sector (Education) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (Australia) 34 of 35
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 TSA Management

Sydney, Australia

TSA Management is an independent, project management consulting firm. TSA specialises in providing independent project-based services to private sector and government clients undertaking major capital works projects across a range of infrastructure and property sectors including road, rail, healthcare and education. TSA Management was founded in 2001 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Probe CX

Melbourne, Australia

Probe CX is a provider of customer experience (“CX”) and business process outsourcing (“BPO”) solutions with more than 600 clients and over 15,000 staff located in its 33 offices across the globe. Probe CX was established in 1979 and is based in Melbourne, Australia.

Buy -

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.

DEAL STATS #
Overall 13 of 15
Sector (Education) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Australia) 9 of 10
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Brand Collective

Alexandria, Australia

Brand Collective is an operator of footwear and apparel house of brands in Australia, with a portfolio of iconic owned and licensed brands. Brand Collective owns a number of iconic Australian brands including Volley, Grosby, and Julius Marlow, and has exclusive licenses for leading international brands including Superdry, Clarks, Hush Puppies, and Mossimo. The business sells through a combination of department stores and discount department store chains, as well as around 50 branded retail sites and several company-owned websites. Brand Collective also owns the Shoe Warehouse chain of discount footwear stores. Brand Collective is based in Alexandria, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 GBST

Brisbane, Australia

GBST is a specialist financial technology company that provides administration and transaction processing software for retail wealth management organizations and global and regional investment banks. GBST was founded in 1984 and is based in Brisbane, Australia.

Buy -
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