Private Equity

Minter Ellison’s pre-eminent private equity team advises many of the leading domestic and regional private equity funds that invest in Australasia. Our leveraged finance team also works extensively in private equity acting for the lending banks and mezzanine providers. The combined strength of the team has enabled us to advise on many of the best known transactions in Australasia in recent years, and on larger transactions for regional funds.

Our private equity experience includes management buyouts, secondary buyouts and dual track exit transactions. We also provide integrated capability covering all aspects of alternative investments including fund formation and structuring, capital raising, offshore fundraising, tax structuring, and local and offshore investments.

Minter Ellison’s international office network gives our private equity team a seamless multi-jurisdictional capability for bolt on, domestic and offshore private equity investments, and for rolling out expansion strategies.

We have substantial experience in developing and executing strategies for private equity funds to exit their investments. We work closely with the firm’s ECM and M&A experts to provide the complementary legal expertise on exits via IPOs or trade sale.

Anchorage Capital Partners acquisition of Dick Smith Electronics

Advised Australian private equity firm Anchorage Capital Partners on a share purchase agreement with Woolworths Limited to acquire Dick Smith Electronics. Under the agreement, Anchorage will purchase 100% of the business, including 327 stores employing more than 4,500 people. Minter Ellison subsequently advised Dick Smith Electronics on its successful $344.5 million Initial Public Offering on the Australian Stock Exchange.

Quadrant Private Equity's acquisition of a majority interest in Super A-Mart and Barbeques Galore

Acted for Quadrant Private Equity on the acquisition of a majority stake in furniture super retailer Super A-Mart and Barbecues Galore. Minter Ellison advised Quadrant on purchaser due diligence and negotiation of the sale as well as purchase documentation for each acquisition. We also acted for Quadrant on the negotiation of the shareholder arrangements. Ironbridge Capital, Macquarie Group, and Partners Group are rolling over their existing stakes. Singapore's GIC Special Investment sold its interest.

Affinity Equity Partner's acquisition of Primo Smallgoods

Advised Affinity Equity Partners on the acquisition of a majority shareholding in Primo Smallgoods, Australia's largest producer of ham, bacon and small goods, alongside the founding family.

Quadrant Private Equity's joint venture

Advised Quadrant Private Equity on their $272 million joint venture with APN News & Media Limited to form the "Outdoor Joint Venture". Quadrant and APN will each hold 50% of the joint venture, which is unusual for the Australian private equity market where PE usually acquires 100% of the joint venture. The Outdoor JV will combine APN's operational and media expertise with Quadrant's strategic capabilities and additional capital. It will cover all of APN's Australian and New Zealand businesses, as well as APN's 50% interest in Rainbow Premium Outdoor, its Indonesian outdoor business.

Anchorage Capital Partners sale of Burger King NZ to Blackstone Group

Advised Anchorage Capital Partners on the sale of Antares Restaurant Group, the entity which operates Burger King stores in New Zealand, to New York-based Blackstone Group.