M&A Deal Summary

Chambers Street Properties Acquires Onesource Group and Leasing Solutions

On December 11, 2009, Chambers Street Properties acquired technology hardware company Onesource Group and Leasing Solutions from Archer Capital Pty for 107M NZD

Acquisition Highlights
  • This is Chambers Street Properties’ 1st transaction in the Technology Hardware sector.
  • This is Chambers Street Properties’ 0th largest (disclosed) transaction.
  • This is Chambers Street Properties’ 1st transaction in New Zealand.

M&A Deal Summary
Date 2009-12-11
Target Onesource Group and Leasing Solutions
Sector Technology Hardware
Buyer(s) Chambers Street Properties
Sellers(s) Archer Capital Pty
Deal Type Add-on Acquisition
Deal Value 107M NZD

Target

Onesource Group and Leasing Solutions

Auckland, New Zealand
website
Onesource Group and Leasing Solutions Limited to buy both businesses from Hanover Group for approximately NZ$150 million. Headquartered in Auckland, Onesource Group is one of New Zealand’s leading distributors of office technology equipment. It operates under two main subsidiaries: Konica Minolta Business Solutions (KMBS) (multi-function copiers/printers/scanners/fax and document management solutions), and Cogent Communications (telecommunications sales and support). The operating businesses are supported by Leasing Solutions Limited, the Group’s specialist office equipment financing arm. The buyout occurred at an inflection point for both KMBS and Cogent, with changes in technology creating exciting opportunities. Archer Capital and the management

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Buyer(S) 1

Buyer

Chambers Street Properties

Princeton, New Jersey, United States

website

Category Company
Founded 2004
Sector Real Estate
Employees33
Revenue 271M USD (2014)
DESCRIPTION

Chambers Street Properties is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing net leased industrial and office properties leased to creditworthy tenants.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Archer Capital Pty

Dawes Point, Australia

website

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.

DEAL STATS #
Overall 13 of 26
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 6 of 13
Country (New Zealand) 3 of 4
Year (2009) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 MYOB

Cremorne, Australia

MYOB is a provider of business management software in Australia and New Zealand. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia.

Buy AU$382M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 Ausfuel Pty.

Berrimah, NT, Australia

The business has three divisions. The Retail Fuel Division, comprising 23 Ausfuel operated service stations. The Commercial Fuel Division, 3,000 Commercial account customers including approximately 120 reseller service stations, and the Fuel Cartage Division – which the Ausfuel retail and commercial divisions and external customers.

Buy -
Mergr

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