find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Australian gym network acquired

Australian gym network acquired

Mark McNamara

Two firms have advised on the acquisition of one of Australia’s largest health club businesses by a private equity company.

Firms: King & Wood Mallesons (Quadrant Private Equity); Gilbert + Tobin (Ardent Leisure’s health club business)

Deal: Quadrant Private Equity has acquired Ardent Leisure’s health club business.

Value: $260 million

Area: M&A

Key players: The team advising Quadrant Private Equity was led by King & Wood Mallesons partner Mark McNamara, with assistance from special counsel Alex Elser and associates Josh Chalkley and Stephanie Daaboul.

Partner Yuen-Yee Cho advised on the debt aspects of the deal, with senior associate Will Stawell, solicitor Dan Flanagan and law graduate Chris Markenzinis, while partner Tim Sherman advised on the tax matters of this acquisition.

Deal significance: Quadrant Private Equity is a private equity firm which has made significant investments since its inception in 1996.

This latest acquisition of Ardent Leisure’s health club business will see brands such as Goodlife Health Clubs and Hypoxi fall under the firm’s banner.

“We are pleased to be able to support our long-standing client, Quadrant, on another important acquisition in Australia,” King & Wood Mallesons partner Mark McNamara said.

“Australia has seen strong growth in the lifestyle and leisure sectors and this acquisition is well-placed to leverage that growth.”

 

Promoted content
Recommended by Spike Native Network