M&A Deal Summary

Ironbridge Capital, Partners Group AG, Macquarie Capital and Quadrant Private Equity Acquire Amart Furniture

On June 1, 2006, private equity firm Ironbridge Capital, asset manager Partners Group AG, private equity firm Macquarie Capital and private equity firm Quadrant Private Equity acquired retailer Amart Furniture for 478M AUD

Acquisition Highlights
  • This is Ironbridge Capital’s 2nd, Partners Group AG’s 2nd, Macquarie Capital’s 2nd and Quadrant Private Equity’s 2nd transaction in the Retail sector.
  • This is Ironbridge Capital’s , Partners Group AG’s 13th, Macquarie Capital’s 5th and Quadrant Private Equity’s 0th largest (disclosed) transaction.
  • This is Ironbridge Capital’s 5th, Partners Group AG’s 2nd, Macquarie Capital’s 2nd and Quadrant Private Equity’s 1st transaction in Australia.
Investment Fate
  • Amart Furniture was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 2006-06-01
Target Amart Furniture
Sector Retail
Buyer(s) Ironbridge Capital
Partners Group AG
Macquarie Capital
Quadrant Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 478M AUD

Target

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.

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Buyer(S) 4

Buyer

Ironbridge Capital

Sydney, Australia

Investor Investor 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 8 of 19
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 14
Country (Australia) 5 of 13
Year (2006) 1 of 3
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Qualcare Holdings

Auckland, New Zealand

Qualcare is a fully integrated aged care provider with the majority of sites comprising co-located rest homes, hospital, dementia and independent living villas and apartments for the elderly.

Buy NZ$112M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Riviera Marine Pty.

Coomera, Australia

Riviera Marine Pty. Ltd. is a provider of open and enclosed fly bridge yachts, sport motor yachts, sport yachts, and SUV yachts.

Buy AU$287M
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 2 of 88
Sector (Retail) 2 of 6
Type (Buyout (LBO, MBO, MBI)) 2 of 16
Country (Australia) 2 of 8
Year (2006) 1 of 1
Size (of disclosed) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Barbeques Galore Pty

Homebush, Australia

Barbeques Galore (Aust) Pty Ltd. is a specialty retailer of barbeques and barbeque accessories.

Buy AU$88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 Kaffee Partner

Osnabrueck, Germany

Kaffee Partner is a distributor of coffee and water dispensing machines targeting small and medium sized enterprises in Germany, Austria, and Switzerland. Kaffee Partner offers both the servicing of the machines and provision of the consumables for the dispensers such as beans, ground coffee, tea, cocoa, cream, and sugar together with supplementary products like cookies, cups, and filters. Kaffee Partner is based in Osnabrueck, Germany.

Buy -
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.


DEAL STATS #
Overall 3 of 29
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 7
Country (Australia) 2 of 4
Year (2006) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Barbeques Galore Pty

Homebush, Australia

Barbeques Galore (Aust) Pty Ltd. is a specialty retailer of barbeques and barbeque accessories.

Buy AU$88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy -
Buyer

Quadrant Private Equity

Sydney, Australia

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrant Private Equity is a generalist Australian private equity firm focused on management buyouts, buy-ins, and growth capital investments in a broad range of industries. Quadrant prefers profitable businesses and looks to commit AU$70 to AU$150 million per transaction. The Firm will not consider investments in mineral exploration or primary agriculture. Quadrant Private Equity is based in Sydney.


DEAL STATS #
Overall 3 of 42
Sector (Retail) 2 of 8
Type (Buyout (LBO, MBO, MBI)) 2 of 19
Country (Australia) 1 of 37
Year (2006) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 KMD Brands

Christchurch, New Zealand

KMD Brands is a retail seller of outdoor clothing and equipment for travel and adventure; products: active wear, outerwear, insulation, travel and urban clothing, kids, footwear, travel packs, sleeping bags etc. KMD Brands was founded in 1987 and is based in Christchurch, New Zealand.

Buy AU$44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 TyreCorp Pty

Archerfield, Australia

TyreCorp Pty Ltd. is a supplier and distributor of tyres.

Buy -