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BlueSky strikes oil with catering company

BlueSky strikes oil with catering company

McMahon Clarke and Crilly Lawyers have advised on a $3 million catering company deal.

Firms: Crilly Lawyers (Oil Industry Catering & Services Pty Ltd); McMahon Clarke (BlueSky)

Deal: Acquisition of a significant minority stake by the Blue Sky Private Equity EC2010 expansion capital fund

Area: M&A

Value: $3 million

Key players: The Crilly team was led by corporate partner Anthony Crilly (pictured) and McMahon Clarke by partner Langton Clarke

Deal significance: Oil Industry Catering & Services has been a leading specialist catering company to the oil and gas drilling industry throughout Australia for the last 13 years. The company was recently rolled up into a holding company, OICS Holdings Pty Ltd. On 27 August, BlueSky Private Equity Trust took a significant minority stake in this new holding company. The strategic holding has been acquired to enable further capital expansion. 

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