Investment Summary

Ironbridge Capital Exits Tandem

On June 24, 2016, private equity firm IFM Investors Private Equity invested in business services company Tandem from Ironbridge Capital

Investment Highlights
  • This is IFM Investors Private Equity’s 2nd transaction in the Business Services sector.
  • This is IFM Investors Private Equity’s 3rd transaction in Australia.
Investment Fate
  • Tandem went bankrupt in 2021.

Investment Summary

Date 2016-06-24
Target Tandem
Sector Business Services
Investor(s) IFM Investors Private Equity
Sellers(s) Ironbridge Capital
Deal Type Secondary Buyout

Target

Tandem

Malvern , Australia
Tandem is a provider of advisory and contractor management services through its strategy, systems, and operations. Tandem was founded in 2010 and is based in Malvern, Australia.

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Investor(S) 1

Investor
DESCRIPTION

IFM Investors Private Equity is the private equity arm of global investment manager IFM Investors. IFM Investors Private Equity looks to acquire and invest in mid-sized Australian and New Zealand companies focused on growth. The Group is sector agnostic with a preference for healthcare, consumer brands, technology/media, and business services companies. IFM Investors Private Equity is based in Melbourne.


DEAL STATS #
Overall 10 of 28
Sector: Business Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 2
Country: Australia M&A 3 of 11
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-27 ITR Concession Co.

Granger, Indiana, United States

ITR Concession Co., LLC is a provider of construction, maintenance, repair, and operation of the Indiana Toll Road. ITR Concession was founded in 2006 and is based in Granger, Indiana.

Buy $5.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Genie Solutions

Fortitude, Australia

Genie Solutions provider of practice and clinical software to Australian specialist medical practices, including the software that integrates clinical management, appointments, and billing and operates at over 3,500 sites. Genie Solutions is based in Fortitude, Australia.

Buy -

Seller(S) 1

SELLER

Ironbridge Capital

Sydney, Australia

Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Ironbridge Capital is a middle-market private equity firm that targets growth capital and buyout investments in Australia and New Zealand. Ironbridge focuses its investment activity within the services sector and targets businesses with the potential for strong and sustained growth in revenue and profitability. Ironbridge Capital was formed in 2003 and has offices in Sydney and Auckland.


DEAL STATS #
Overall 12 of 13
Sector: Business Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: Australia M&A 7 of 8
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Amart Furniture

Rochedale South, Australia

Amart Furniture is a discount furniture and bedding retailer. Amart Furniture was founded in 1970 and is based in Rochedale South, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Bravura Solutions

Sydney, Australia

Bravura Solutions is a supplier of superannuation/pension, life insurance, investment, private wealth and portfolio administration, transfer agency, and financial messaging software applications, as well as business and strategic consulting services. Bravura Solutions was founded in 2004 and is based in Sydney, Australia.

Sell -