M&A Deal Summary

Journey Beyond Acquires Great Southern Rail

On January 1, 2019, Journey Beyond acquired leisure company Great Southern Rail from Allegro Funds

Acquisition Highlights
  • This is Journey Beyond’s 1st transaction in the Leisure sector.
  • This is Journey Beyond’s 1st transaction in Australia.

M&A Deal Summary

Date 2019-01-01
Target Great Southern Rail
Sector Leisure
Buyer(s) Journey Beyond
Sellers(s) Allegro Funds
Deal Type Merger

Target

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.

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Buyer(S) 1

Buyer

Journey Beyond

Adelaide, Australia

Category Company
Founded 2016
Sector Leisure
DESCRIPTION

Journey Beyond is an experiential tourism group that is privileged to own and operate 13 brands spanning the country, connecting guests to the land, and to each other. Journey Beyond was founded in 2016 and is based in Adelaide, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

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 STATS #
Overall 7 of 16
Sector: Leisure M&A 1 of 2
Type: Merger M&A Deals 1 of 1
Country: Australia M&A 5 of 13
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Endeavour Learning Group

Queensland, Australia

Endeavour Learning Group is an Australia’s higher education provider in natural therapies including Naturopathy, Nutrition, Acupuncture and Myotherapy. The college currently teaches over 3,500 students across six campuses in Adelaide, Brisbane, Gold Coast, Melbourne, Perth and Sydney. Endeavour Learning Group was founded in 1975 and is based in Queensland, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 ATF Services

Seven Hills, Australia

ATF Services is a provider of temporary fence and height safety services to the residential, non–residential, engineering construction, and special events sectors. ATF Services was founded in 1989 and is based in Seven Hills, Australia.

Buy -