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Aus buyout completes capital raising

An Australian buyout firm has been advised on closing a new fund at $980 million.

user iconEmma Musgrave 25 August 2016 Big Law
Nathan Cahill, MinterEllison
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Firm: MinterEllison (Quadrant Private Equity)

Deal: Quadrant Private Equity has been advised on closing its eighth fund at AU$980 million a little over a month after launching the capital raising.

Value: $980 million

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Area: Private equity

Key players: The team advising Quadrant Private Equity was led by MinterEllison financial services partner Nathan Cahill (pictured) and financial services special counsel Robyn Coote.

Deal significance: Quadrant is an Australian buyout firm.

The fund that closed at $980 million was in high demand and attracted significant interest from both domestic and offshore investors. Quadrant is a longstanding client of MinterEllison, with the firm acting for the company on investments including APN Outdoor and the Independent Pub Group, the sale of Quick Service Restaurant Holdings and the establishment of two private equity funds.

"It was fantastic to work again with Quadrant on another highly sought-after and successful fundraising, and this truly cements Quadrant's place as a world-class Australian manager that is attracting many leading investors from Australia and around the world,” said Nathan Cahill, financial services partner at MinterEllison.

"To achieve yet another first and final close just under a month from the start of capital raising is testament to Quadrant and the quality managers we have here in Australia and the strong returns that they are generating."

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