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Allens mines Macquarie sale

Allens mines Macquarie sale

Allens has acted for Macquarie Capital in relation to the sale of its majority stake in Holdings Pty Ltd.

Firms: Allens (Macquarie Capital)

Deal: Sale of Macquarie’s majority stake in mining services company CQMS Holdings Pty Ltd to Quadrant Private Equity

Area: Corporate               

Value: Undisclosed

Key players: Partner Cameron Price led the Allens team on the matter, together with James Wilson (senior associate – Sydney), Hannah Biggins (lawyer – Melbourne), Tim Leung (lawyer – Melbourne), Lily Zhang (law graduate – Sydney)

Deal significance: CQMS supplies mining wear parts and consumables to the mining extraction and mineral processing industries. The deal, which was completed on 31 July, saw Macquarie sell its stake in CQMS in conjunction with the sale of the remaining minority stake by an entity associated with Mr Thomas Meyers.

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