M&A Deal Summary

Advent Partners Acquires Locker Group Pty.

On November 16, 2006, private equity firm Advent Partners acquired manufacturer Locker Group Pty. for 109M USD

Acquisition Highlights
  • This is Advent Partners’ 1st transaction in the Manufacturing sector.
  • This is Advent Partners’ largest (disclosed) transaction.
  • This is Advent Partners’ 10th transaction in Australia.
Investment Fate
  • Locker Group Pty. was sold to a publicly-traded strategic buyer in 2013.

M&A Deal Summary
Date 2006-11-16
Target Locker Group Pty.
Sector Manufacturing
Buyer(s) Advent Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 109M USD

Target

Locker Group Pty.

Victoria, Australia
Locker Group Pty. Ltd. is a manufacturer and supplier of perforated plate, expanded metal, woven wire, wire belting, walkway and platform systems, grating and screening products across a wide range of applications for the general industrial, architectural building, commercial construction, infrastructure and resources sectors.

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Buyer(S) 1

Buyer

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.

DEAL STATS #
Overall 10 of 28
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 10
Country (Australia) 10 of 25
Year (2006) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 The TESA Group Pty.

Broadmeadow, Australia

The TESA Group Pty. Ltd. offers placements for various positions, including labors, technical professional personnel and provides temporary and permanent placement services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 UGM Mining Solutions Pty

Teralba, Australia

UGM Mining Solutions Pty Ltd. is a underground coal mining contractor. It focuses on coal cutting; conveyor installation and maintenance; outbye services including secondary roof support, ventilation and civil services; and diesel fleet hire and servicing.

Buy -
Mergr

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