M&A Deal Summary

Qube Acquires LCR Group Pty

On May 10, 2019, Qube acquired metals/mining company LCR Group Pty from CPE Capital for 135M AUD

Acquisition Highlights
  • This is Qube’s 1st transaction in the Metals/Mining sector.
  • This is Qube’s largest (disclosed) transaction.
  • This is Qube’s 14th transaction in Australia.

M&A Deal Summary
Date 2019-05-10
Target LCR Group Pty
Sector Metals/Mining
Buyer(s) Qube
Sellers(s) CPE Capital
Deal Type Add-on Acquisition
Deal Value 135M AUD

Target

LCR Group Pty

Hendra, Australia
website
LCR Group Pty Ltd (LCR) is an industrial and mining services company providing lift and shift services to Australian and International customers. LCR Group is a specialist provider of outsourced industrial logistics services, operating across mining, heavy transport, mobile crane, and renewable energy industries including Oil and Gas. LCR Group Pty was founded in 1985 and is based in Hendra, Australia.

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Buyer(S) 1

Buyer

Qube

Sydney, Australia

website

Category Company
Founded 2011
Sector Transportation
Employees6,500
Revenue 1.8B AUD (2020)
DESCRIPTION

Qube is a diversified logistics and infrastructure company with operating divisions providing logistics services for clients in both import and export cargo supply chains. Qube was founded in 2011 and is based in Sydney, Australia.

DEAL STATS #
Overall 15 of 15
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 12 of 12
Country (Australia) 14 of 14
Year (2019) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 ISO

Mount Maunganui South,, New Zealand

ISO Limited is a New Zealand's nationwide waterfront cargo logistics companies. ISO provides cargo logistics services throughout New Zealand including ports of: Marsden Pt, Auckland. ISO is accredited as an ISO 9001 supplier with a proven and audited quality management system (QMS) to ensure its customers get the very best in service standards. ISO is a MAF PIPS accredited service provider.

Buy NZ$80M

Seller(S) 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.

DEAL STATS #
Overall 21 of 24
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 8 of 9
Country (Australia) 19 of 21
Year (2019) 2 of 3
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Marand Precision Engineering Pty

Moorabbin, Australia

Marand Precision Engineering Pty Ltd. offers sophisticated engineering solutions to the defense, aerospace, rail, automotive, and mining sectors. Its customer base is predominately multinational blue-chip organizations including Lockheed Martin, Boeing, BAE Systems, BHP, and Rio Tinto, for which it designs and manufactures complex innovative solutions. Marand Precision Engineering founded in 1969 and is based in Moorabbin, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 ATF Services

Seven Hills, Australia

ATF Services is a provider of temporary fence and height safety services to the residential, non–residential, engineering construction, and special events sectors. ATF Services was founded in 1989 and is based in Seven Hills, Australia.

Sell -
Mergr

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