Deal: DIY Blinds has been advised on a growth fund.

Area: Corporate

Value: $15 million

Key players: The DLA Piper team was led by Chris Mitchell (partner), Simone Bajraszewski (senior associate) and Davina Khoo (solicitor).

The team worked closely with DIY Blinds’ financial advisers, Vesparum Capital led by Timothy Toner (founder and chief executive), Tom Edwards (executive director), Jane Zhou (director) and Wai Wai Tam (analyst).

Deal Significance: Commenting on the transaction, corporate partner Chris Mitchell said: “The investment by ABGF, which will assist DIY Blinds continue to accelerate on [its] existing growth trajectory and realise its future growth objectives.”

The Australian Business Growth Fund is a public-private partnership between the federal government and six major banks, formed specifically to lend support to small and medium-sized enterprises (SMEs) in Australia so that they can engage in growth-oriented activities.

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“ABGF’s investment demonstrates the strength in DIY Blinds’ strategy, efficiency and overall business model as an Australia-based SME and is a testament to the strong vision and leadership of its management team,” Mr Mitchell added.

Commenting further on the matter, DIY Blinds co-founder and CEO Evan Montero said: “Chris and the team at DLA Piper have a wealth of experience and deep knowledge of the M&A and investment market, which played a critical role in successfully negotiating our deal.

“We are grateful of the extra value that they have extracted throughout the negotiations, and we look forward to working with them again in the very near future.”