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Laundry and dry-cleaning business sold for almost $300m

A Melbourne-based commercial laundry and dry-cleaning business has sold its entire issued share capital to a private equity firm for close to $300 million.

October 03, 2018 By Jerome Doraisamy
Laundry, dry cleaning, business, sold
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Firm: KHQ Lawyers (South Pacific Laundry); MinterEllison (Anchorage Capital Partners).

Deal: The holding company of South Pacific Laundry has sold its share to private equity firm Anchorage Capital Partners.

Area: Corporate and commercial

Value: Undisclosed; referenced as “close to $300 million”

Key players: The KHQ team was led by director Andrew Walker who was assisted by principal solicitor Darren Sommers, special counsel Kate Landells and lawyer Clea Cole.

Deal significance: KHQ said the sale is a “great success” for South Pacific’s major shareholder, former CEO and director Choon Ming Tang, as well as for the group’s shareholders, many of whom are employees of the South Pacific group.

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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