Majority APM stake sold to US firm
Gilbert + Tobin has advised on the sale of a majority stake in “Australia’s largest provider of disability employment services”, APM, to American private equity firm Madison Dearborn Partners.
Firms: Gilbert + Tobin (Quadrant Private Equity); Undisclosed (Madison Dearborn Partners).
Deal: Quadrant Private Equity (Quadrant) and APM management have been advised on the sale of a majority stake in APM to Madison Dearborn Partners.
Key players: The G+T team was led by corporate advisory partner David Josselsohn with support from corporate advisory partner Alastair Corrigall and lawyers Ilona Hunnisett, Edward Davidson, Ashleigh Kern and Ginia Kouznetsova.
Deal significance: APM was founded in Perth in 1994 by Megan Wynne and provides services including in employment, outplacement, training, health and rehabilitation. APM operates in 700 locations across 10 countries, according to a statement provided by Gilbert + Tobin.
“Having advised our long-time client Quadrant with their initial investment in APM in 2017, it was a pleasure to have assisted Quadrant and the APM management team with this significant transaction and are excited to see APM continue to grow under MDP’s ownership,” said Mr Josselsohn.