M&A Deal Summary

Quadrant Private Equity and Mercury Capital Pty. Acquire Estia Health

On October 14, 2013, private equity firms Quadrant Private Equity and Mercury Capital Pty. acquired healthcare services company Estia Health for 90M USD

Acquisition Highlights
  • This is Quadrant Private Equity’s 3rd and Mercury Capital Pty.’s 1st transaction in the Healthcare Services sector.
  • This is Quadrant Private Equity’s 4th and Mercury Capital Pty.’s largest (disclosed) transaction.
  • This is Quadrant Private Equity’s 16th and Mercury Capital Pty.’s 2nd transaction in Australia.
Investment Fate
  • Estia Health went public in 2014.

M&A Deal Summary
Date 2013-10-14
Target Estia Health
Sector Healthcare Services
Buyer(s) Quadrant Private Equity
Mercury Capital Pty.
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 90M USD

Target

Estia Health

Sydney, Australia
website
Estia Health is an aged care providers, caring for the needs of thousands of seniors across the country, in aged care homes ranging from boutique residences to community-like villages – offers a suite of support services, catering to all levels of care. Estia Health was founded in 2005 and is based in Sydney, Australia.

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Buyer(S) 2

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 20 of 40
Sector (Healthcare Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 19
Country (Australia) 16 of 35
Year (2013) 2 of 3
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 City Farmers Retail Pty

Perth, Australia

City Farmers Retail Pty Ltd. is a specialty retailer of pet food, supplies and products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Zip Water

Condell Park, Australia

Zip Water is a designer and manufacturer of instant boiling water dispensers and other water solutions with over 60% market share in commercial markets in Australia, 30% market share in commercial markets in the UK, and presence in over 50 other countries. Zip Water was founded in 1947 and is based in Condell Park, Australia.

Buy -
Buyer

Mercury Capital Pty.

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 400M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mercury Capital is a private equity group focused on investing in established private businesses operating in Australia and New Zealand. Mercury looks to acquire controlling positions for a variety of situations, including succession plannings, expansion financings, recapitalizations, as well as partnering with existing management or owners to help drive growth. Mercury raised it's debut fund in 2010.

DEAL STATS #
Overall 3 of 7
Sector (Healthcare Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
Country (Australia) 2 of 5
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Novotech

Sydney, Australia

Novotech is a full-service contract research organization (CRO). Novotech has been instrumental in the success of hundreds of Phase I - IV clinical trials in the Asia Pacific region. Novotech was founded in 1996 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Hexagon

Auckland, New Zealand

Hexagon is a privately-owned holding company for independent label manufacturing businesses Adhesif Labels (AKL, SYD), Hally Labels (AKL, BNE, CHC, SYD), Kiwi Labels (CHC), and Rapid Labels (AKL). Specialist narrow-web converters of labels, shrink sleeves and linerless wraps. Hexagon is based in Auckland, New Zealand.

Buy -
Mergr

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