Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
Gilbert + Tobin and Clifford Chance have advised on a retail investment.
Firms: Gilbert + Tobin (Quadrant); Clifford Chance (City Farmers)
Area: M&A
Value:$93 million
Key players: Corporate advisory partners Peter Cook (pictured) and Rachael Bassil led the transaction for G+T supported by lawyers David Josselsohn, Elizabeth Hill and Sophie Gowland. Banking & finance partner James Lewis and lawyers Adela Smith and Bela Mistry also assisted in giving advice to Quadrant. Perth partner Michael Lishman led the Clifford Chance team advising City Farmers, with assistance from senior associate Sean Houthuysen
Deal significance: City Farmers is a specialty retailer of pet food, supplies and products and has a current portfolio of 31 stores. The store network is primarily in Perth with an emerging presence in Brisbane and Melbourne. Quadrant Private Equity has $1.5 billion of funds under management and investments in 51 businesses. Clifford Chance’s lead partner Michael Lishman commented: “While headlines may focus on activity levels in the resources sector, we are seeing increased interest in other sectors, such as retail, leisure, general industrials and media. Private equity is continuing to assess and invest in strong Australian businesses with growth potential.”
Get breaking news
Digital
