Quadrant bought a majority stake in retailer Barbeques Galore at the same time, injecting $130 million for about 60 per cent equity stake, which also includes a small percentage on behalf of co-investors Macquarie Group and Partners Group.
Minter Ellison acted for Quadrant, Baker & McKenzie acted for Ironbridge on BBQs Galore, while Gilbert + Tobin acted for Partners Group and GIC.
Clayton Utz Sydney private equity partners Niro Ananda and Jonathan Donald and finance partner Geoff Geha are leading the team advising Ironbridge, with support from senior associates Kounny Rattley and John Farren-Price and special counsel Kathryn Mitchell.
Ananda said the firm previously advised Ironbridge on its initial investment in Super A-Mart in 2006.
Quadrant director Marcus Darville told Deal Journal Australia, The Wall Street Journal, the group would aim to open six new Super A-Mart stores a year, which would be double its recent track-record.