Buyout (LBO, MBO, MBI) • Manufacturing

Allegro Funds Acquires Custom Bus

On August 1, 2014, distressed investor Allegro Funds acquired manufacturer Custom Bus

Acquisition Context
  • This is Allegro Funds’ 1st transaction in the Manufacturing sector.
  • This is Allegro Funds’ 7th transaction in Australia.

Explore All 1610 Buyout (LBO, MBO, MBI) Manufacturing Deals - Search the Database Free


M&A Deal Summary

Date August 1, 2014
Target Custom Bus
Sector Manufacturing
Buyer(s) Allegro Funds
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Custom Bus

Villawood, Australia
Custom Bus (‘Custom’) is Australia’s bus-body building company with a proud heritage, having produced its first vehicle in 1955. Custom Bus was founded in 1935 and is based in Villawood, Australia.
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Buyer Overview 1

Buyer

Allegro Funds

Sydney, Australia

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 4.8B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Allegro Funds is an independent private equity firm focused on mid-sized investment opportunities in Australia and New Zealand. The Firm will consider investing in businesses needing capital for growth, management buyouts, as well as more complex turnarounds and restructurings. Allegro's target investment size is A$10 to A$100 million in transactions valued up to A$300 million. Allegro is a generalist investor, however the Firm will not invest in property development, agriculture, or mining/exploration. Allegro Funds was formed in 2004 and is based in Sydney.


Deal Context for Buyer #
Overall 9 of 27
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 7 of 14
Country: Australia 7 of 23
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 I-Med Radiology Network

Sydney, Australia

I-Med Radiology Network is a diagnostic imaging provider. It offers comprehensive and high-quality services including X-ray, PET, CT, MRI, Nuclear Medicine, Ultrasound, Mammography and Interventional Procedures. Across Australia, I-MED operates 204 clinics covering all major metropolitan areas and significant parts of rural Australia. Each year almost 5 million patient procedures are performed by I-MED’s more than 300 radiologists, 50 nuclear medicine physicians, and 3,500 staff. I-Med Radiology Network was founded in 2000 and is based in Sydney, New South Wales.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Great Southern Rail

Keswick, Australia

Great Southern Rail owns and operates the luxury trans-continental passenger rail services known as The Ghan, The Indian Pacific and The Overland. Great Southern Rail was founded in 1997 and is based in Keswick, Australia.

Buy $20M