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M&A Deal Summary

Anchorage Capital Partners Acquires SPL

On September 27, 2018, private equity firm Anchorage Capital Partners acquired consumer services company SPL

Acquisition Highlights
  • This is Anchorage Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Anchorage Capital Partners’ 14th transaction in Australia.

M&A Deal Summary
Date 2018-09-27
Target SPL
Sector Consumer Services
Buyer(s) Anchorage Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SPL

Broadmeadows, Australia
SPL is a laundry operator, serving customers in the accommodation and healthcare sectors from a national network of processing plants and distribution centers. SPL’s key service offering includes the procurement, supply and laundering of linen for over 3,000 customers. Its operations include 7 processing plants and 12 distribution centres serving all major metropolitan markets and regional population centres in Australia.

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Buyer(S) 1

Buyer

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.

DEAL STATS #
Overall 19 of 25
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 8
Country: Australia M&A 14 of 17
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 Ideal Standard

Brussels, Belgium

Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 RFAM

North Sydney, Australia

RFAM offers leasing solutions for rolling stock such as locomotives, as well as intermodal and hopper wagons. The Company’s leasing offering is supported by a growing locomotive and wagon maintenance operation. RFAM was founded in 1998 and is headquartered in Sydney, Australia.

Buy -
Mergr

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