M&A Deal Summary

Archer Capital and Gresham Private Equity Fund Acquire Repco

On September 1, 2001, private equity firms Archer Capital and Gresham Private Equity Fund acquired automotive company Repco from Pacific Dunlop

Acquisition Highlights
  • This is Archer Capital’s 1st and Gresham Private Equity Fund’s 1st transaction in the Automotive sector.
  • This is Archer Capital’s 6th and Gresham Private Equity Fund’s 3rd transaction in Australia.
Investment Fate
  • Repco went public in 2003.

M&A Deal Summary

Date 2001-09-01
Target Repco
Sector Automotive
Buyer(s) Archer Capital
Gresham Private Equity Fund
Sellers(s) Pacific Dunlop
Deal Type Divestiture

Target

Repco

Mulgrave, Australia
Repco Corp. is an automotive aftermarket parts and accessories wholesaler and distributor in Australia and New Zealand.Repco is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand.

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Buyer(S) 2

Buyer

Archer Capital

Sydney, Australia

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


DEAL STATS #
Overall 8 of 39
Sector: Automotive M&A 1 of 3
Type: Divestiture M&A Deals 2 of 6
Country: Australia M&A 6 of 32
Year: 2001 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Tasman Building Products

Penrose, Auckland, New Zealand

Tasman manufactures, markets and distributes various building products supplying the resident, commercial and industrial building industries.

Buy AU$165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Sell -
Buyer

Gresham Private Equity Fund

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 525M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gresham Private Equity is the private equity arm of financial advisory firm Gresham Partners. Gresham Private Equity seeks buyout, growth capital, public to private, and buy and build investments in Australia and New Zealand. The Firm seeks transactions valued from $100 to $500 million. Target sectors include business services, marine, distribution, apparel, industrial products, communications, and consumer services. Gresham Private Equity was established in 1999 and is based in Sydney.


DEAL STATS #
Overall 5 of 14
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 3 of 8
Year: 2001 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 Eroc Pty Limited

Eagle Farm,QLD, Australia

Eroc Pty Limited, an underground tunneling contractor with operations across Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Virgin Active

London, United Kingdom

Virgin Active is an international health club operator, with clubs across four continents in eight countries (South Africa, UK, Italy, Australia, Namibia, Botswana, Thailand, and Singapore), serving over 1.2 million members worldwide. Virgin Active was founded in 1999 and is based in London, United Kingdom.

Buy £110M

Seller(S) 1

SELLER

Pacific Dunlop

City of Industry, California, United States

Category Company
Founded 1981
Sector Healthcare Services
DESCRIPTION

Pacific Dunlop Ltd. provides healthcare services.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2001 M&A 1 of 1