Corporate Advisory / M&A

On the take private of PropTech Group Limited by the US-based MRI Software LLC (backed by TA Associates Management L.P., GI GP IV LLC and Harvest Partners, LP) for an equity value of $93.4 million by scheme of arrangement.

On its successful cash and scrip takeover bid for Powerwrap Limited, for a deal value of $70 million.

On the acquisition of the Capital S.M.A.R.T Group from the Suncorp Group for a deal value of $420 million.

On the divestment of its 49% interest in ‘Cubbie Station’ and associated properties to, and subsequent joint venture with, the Macquarie Infrastructure and Real Assets (MIRA) agricultural fund.

On the proposed demerger of its automotive component, accessory and procurement business and the proposed acquisition of AMA Group Limited (post-demerger) by funds advised by the Blackstone Group, for an enterprise value of $508 million.

In relation to their successful activism campaign and attempt to spill the board of Genetic Technologies Limited, an ASX-listed predictive genetics company.

On the divestment of the company (an adjuvants and spray additives supplier) to Axieo Pty Ltd (a portfolio company of CHAMP Private Equity) for an undisclosed sum.

In relation to the sale of its automotive component and accessories division to GUD Holdings Ltd for an enterprise value of circa $70 million.

In relation to the sale of the company for an undisclosed sum to Playvox (a portfolio company of the US based growth capital firm, Five Elms Capital).

On its $100 million acquisition of the Gemini Automotive Panel Repair Group.

On the divestment of its small-amount credit contract (SACC) lending business by way of management buy-out for an aggregate deal value of $46 million.

In relation to the sale of the business to GenusPlus Group Limited for upfront consideration of $22 million and contingent earn-out payments up to circa $20 million.

On its acquisition of milk products manufacturer, Nepean River Dairy Pty Ltd for an enterprise value of $36.5 million, on a cash-free, debt-free basis.

On the $52 million sale of the business to EBOS Group Limited.

On the sale of its UK, Jersey, Hong Kong and Dubai operations to Morningstar LLC for consideration of £35 million, subject to completion adjustments.

On the partial sell down of equity by its majority owners to PSC Insurance Group Limited (PSC), in addition to a private placement of shares by the company to PSC, for an aggregate deal value of $12 million.

On its acquisition of the NZ based, ‘Go Car Finance’ business for NZ$24 million.

On the sale of the brand to Saban Brands Lifestyle Group.

On its acquisitions of the ‘MyDesktop’ business from Domain Holdings Australia Limited for a deal value of $14 million and the ‘Vault’ CRM business from Vault Group Pty Ltd for a deal value of $10 million.

On the sale of the company and the ‘Hoxton MPM’ administrative medical technology services business to MyPracticeManual Pty Ltd, a wholly owned subsidiary of Avant Mutual Group Limited, for an undisclosed sum.

On its acquisition of GMF Australia Pty Ltd, a subsidiary of the US-based General Motors Financial Company Inc for a deal value of $17 million.

On its acquisition of BlackRock’s Australian Separately Managed Accounts business.

On the sale of the company to Acclime Corporate Services Australia Pty Ltd for an undisclosed sum.

On its acquisition of Eagle Software Pty Ltd on a cash and debt free basis for $7.5 million, with up to an additional $7.5 million based on earn-out hurdles being achieved.

On its acquisition of near-prime lender, Automotive Financial Services Pty Ltd (AFS) for cash and scrip consideration to an aggregate value of $10.8 million, subject to completion adjustments.

On its cross-border acquisition of the UK-based SIPP provider, Wensley Mackay Limited.