M&A Deal Summary

CPE Capital and Catalyst Investment Managers Pty. Acquire Australian Discount Retail Pty

On January 1, 2005, private equity firms CPE Capital and Catalyst Investment Managers Pty. acquired retailer Australian Discount Retail Pty for 200M AUD

Acquisition Highlights
  • This is CPE Capital’s 2nd and Catalyst Investment Managers Pty.’s 1st transaction in the Retail sector.
  • This is CPE Capital’s 4th and Catalyst Investment Managers Pty.’s largest (disclosed) transaction.
  • This is CPE Capital’s 8th and Catalyst Investment Managers Pty.’s 2nd transaction in Australia.
Investment Fate
  • Australian Discount Retail Pty was sold to a strategic buyer in 2009.

M&A Deal Summary
Date 2005-01-01
Target Australian Discount Retail Pty
Sector Retail
Buyer(s) CPE Capital
Catalyst Investment Managers Pty.
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M AUD

Target

Australian Discount Retail Pty

Sydney, Australia
Australian Discount Retail (Formerly Specialty Fashion Group) was formed in 2005 after the sale of the discount division of Miller's Retail (now known as Specialty Fashion Group) and the sale of The Warehouse Australia by The Warehouse Group New Zealand to private equity firms Catalyst and CHAMP.

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Buyer(S) 2

Buyer

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor

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 8 of 35
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 28
Country (Australia) 8 of 29
Year (2005) 2 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 International Energy Services Pty

Camberwell, Australia

International Energy Services Pty Ltd. is an Australian company providing transport logistics and fluid handling equipment to blue-chip clients in the fuels, chemicals, and resources sectors throughout Australia, Asia, and North America. The company is the leading provider of transport services for the petroleum, LPG, aviation fuels, and chemical industries in Australia and Singapore and a leading provider of transport services to customers in the Australian resources sector. IES also provides high-quality handling equipment for the fuels and hazardous chemicals sectors in Australia, Asia, and the USA. International Energy Services was founded in 2005 and is based in Camberwell, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Australian Pacific Paper Products

Dingley, Australia

DSG Pty Ltd, trading as Australian Pacific Paper Products (APPP) is an Australian manufacturing company supplying disposable absorbent products to local and overseas markets.

Sell -
Buyer

Catalyst Investment Managers Pty.

Sydney, Australia

Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Catalyst Investment Managers Pty. Ltd. is a large Australian private equity firm that invests in businesses valued between A$100 and A$500 million. Catalyst is a generalist investor and will consider opportunities throughout Australia and New Zealand. Target businesses generally exhibit market leadership, consistent cash-flows, organic growth potential, and strong management. Catalyst Investment Managers was established in 1989 and is based in Melbourne.

DEAL STATS #
Overall 2 of 10
Sector (Retail) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 7
Country (Australia) 2 of 9
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-24 B&D Doors

Auckland, New Zealand

B&D Doors is the leading manufacturer of garage doors and openers in Australia and New Zealand, with a market share exceeding 50 percent.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Oakville Produce

Homebush Bay, Australia

Oakville Produce is a distributor of fresh produce to the retail sector. The business comprises vertically integrated operations that span the fresh produce supply chain and operate in every market in Australia. This includes operations in farming/ growing, packing, packaging, processing marketing and logistics. Oakville Produce is based in Homebush Bay, Australia.

Buy -
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