Quadrant Growth Fund and Quad Lock Partner to Accelerate Growth

 MEDIA ANNOUNCEMENT 

QUADRANT GROWTH FUND AND QUAD LOCK PARTNER TO ACCELERATE GROWTH 

Quadrant Growth Fund (“Quadrant”) has entered into an agreement to acquire a majority interest in Quad Lock, a leading designer of innovative smartphone mounting systems for outdoor enthusiasts and lifestyle applications. Quadrant is investing alongside the founders of the business, Rob Ward and Chris Peters. 

Founded in Melbourne in 2011, Quad Lock brought its patented case based mounting system to market through the power of crowd funding, social media and e-commerce. With millions of products shipped to more than 100 countries, Quad Lock has grown to be a global leader in smartphone mounting solutions as a result of its continued focus on strong and secure products, global distribution network and brand position, particularly in the cyclist, motorcycle, drive and run segments. 

Justin Ryan, Managing Partner of Quadrant said “We are excited to be partnering with Rob and Chris and the Quad Lock team. We are particularly attracted to Quad Lock’s global customer reach via its market leading direct-to-consumer online business. The Company’s continued growth is supported by established industry tailwinds including our increasing reliance on connectivity through smartphones and the importance of outdoor activities as part of a healthy lifestyle.” 

Louise Haslehurst, Investment Director of Quadrant said “Quad Lock has experienced incredible growth in recent years due to the team’s continued focus on innovation and new product development. We are looking forward to investing capital to accelerate product range expansion and continued international growth.” 

Rob Ward, Co-Founder of Quad Lock said “We’ve been bootstrapped for eight years now and we’re very proud of what the team has accomplished. We’re also extremely grateful for the continued support of the Quad Lock community. We felt now was a great time to bring on a partner to further accelerate our growth with both knowhow and capital. Quadrant understood our approach from the first meeting, and we can’t wait to get to work building Quad Lock into an even better business with a broader product range.” 

Chris Peters, Co-Founder of Quad Lock said “From our first meeting with Quadrant it was clear that they understood our business and the opportunities that direct to consumer brands present. We’re looking forward to continuing the success and growth of the business with Quadrant by our side." 

Quadrant’s investment in Quad Lock will be the sixth investment from the $400 million Quadrant Growth Fund which was raised in April 2019. Quadrant was advised by EY, Gilbert + Tobin and LEK.