Quadrant's QPE3 fund has made an investment in Zip Industries; its seventh and final investment for that fund.
Zip Industries is the leading Australian designer and manufacturer of instant boiling water dispensers and other water solutions with over 60% market share in commercial markets in Australia, 30% market share in commercial markets in the UK and presence in over 50 other countries. The business also has a significant service and spares business that provides after sale support to the 300,000 plus installed base of Zip appliances.
Quadrant will partner with the existing management team and the founder Michael Crouch will retain a minority shareholding.
For further information refer to The Australian and The Financial Review articles.
Writen by Global Administrator, 14/03/2016 News