Quadrant and APN News and Media have formed a 50 / 50 Joint Venture to purchase APN Outdoor for an enterprise value of $272 million.
Quadrant completed a successful Initial Public Offering of New Zealand based Summerset Retirement Villages on 1 November 2011.
Quadrant Private Equity has signed an agreement to acquire Burson Auto Parts (Burson) from its co-founder, now majority shareholder and Managing Director Garry Johnson and other shareholders for a price of $148 million.
Quadrant recently announced the successful divestment of Quick Service Restaurants to Archer Capital, achieving strong returns for investors. Quadrant has also broadened its portfolio over the past six months through a number of successful bolt-on acquisitions for its Virtus Health and Independent Pub Group portfolio businesses.
In July 2011, Virtus completed the acquisition of Fertility Gold Coast, the leading fertility care business servicing the Gold Coast region. Both the Hunter IVF and Fertility Gold Coast doctors have reinvested in the combined Virtus group.
In May 2011, Quadrant investee, Independent Pub Group, acquired the freehold going concern of the Exchange Hotel, a high volume entertainment hotel located in Brisbane’s CBD.
Quadrant Private Equity has closed a $750 million Private Equity Fund (QPE No. 3) with investors being wholesale domestic superannuation funds, local and international institutions.
Justin Ryan has joined the investment team as a Partner of the firm. Justin was previously Chief Executive Officer of Alesco Corporation Limited, an ASX listed diversified industrial company.
Venture capital is perhaps the most glamorous asset class. At the cutting edge of the economy, driving innovation and growth, venture capitalists offer investors the prospect of backing the next Google.
During the past 3 months, Quadrant has broadened its portfolio through the successful acquisition of Media Monitors
In August 2010, Quadrant investee company Quick Service Restaurants contracted to acquire a competitor in Western Australia.
In July 2010, Quadrant successfully divested its investment in ATF via a sale to CHAMP Private Equity. ATF is Australia’s largest provider of temporary fencing and height safety services to the residential, commercial and construction markets.