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Lee Horan
Partner, Sydney
I am a leading Private Equity and M&A advisor and lead MinterEllison's Private Capital team. With over 25+ years advising Australia's most active Private Equity sponsors and corporates across complex and cross-border M&A transactions, I combine deep transactional expertise with commercial insight across diverse industries.

Lee is a recognised specialist in M&A, private equity, and public market transactions. He brings wide-ranging industry experience across media, health, energy and infrastructure, entertainment, data and technology, agriculture, education, and food & beverages. Most recently, Lee led teams advising global private capital giant KKR on the acquisition of Zenith Energy.

Lee has taken a lead role in advising on some highly complex PE and public M&A transactions. His sponsor clients boast Adamantem, Affinity Equity Partners, Apax Partners, BGH Capital, CPE Capital, EQT, KKR, KKR Credit and PAG. His transactional experience in complex and high-profile private capital transactions and commercial insight is highly valued by clients. Lee is recognised as an exceptional Private Equity practitioner in Best Lawyers and ranked in Chambers.

Career highlights

  • Advised global PE sponsor KKR on its acquisition of leading independent power producer Zenith Energy, reflecting a major infrastructure investment that supports the energy transition and off grid renewable power for the mining sector across Australia and New Zealand.
  • Advised global Private Credit sponsor KKR Credit on its investment in Pepper (including proposed exit transactions in relation to Pepper Money).
  • Advised Adamantem Capital on its acquisition of Nexon Asia Pacific, a scaled digital and IT managed services provider, highlighting private equity’s strong interest in mission critical B2B technology infrastructure and Nexon’s rapid growth trajectory.
  • Advised Permira on the proposed sale process for I-MED Radiology, Australia and New Zealand’s largest private diagnostic imaging provider.
  • Advised Affinity Equity Partners on the proposed sale process for ScotPac, Australia largest non-bank business lender.
  • Advised CPE Capital on its acquisition of The British Sausage Company, a major Australian producer of sausages and smallgoods supplying national supermarket chains, reflecting continued private equity interest in scaled FMCG manufacturing and consolidation of food supply chain assets.
  • Advised EQT Partners on its acquisition of Fitness Passport, a leading employee fitness platform with a national network of gyms and aquatic centres.
  • Advised Nestlé on its unsuccessful bid for Prime100 a fresh pet food category leader (which was eventually sold by Quadrant Private Equity to Colgate Palmolive).
  • Advised EBOS Group on its AUD1.167 billion acquisition of LifeHealthcare, a major medical devices distributor across Australia, New Zealand and Southeast Asia, marking EBOS’s first major Asian expansion and one of the region’s most significant healthcare distribution transactions.
  • Advised BGH Capital on schemes of arrangement to acquire Abano and 1300 Smiles, reflecting ongoing PE consolidation in the healthcare services sector.
  • Advised Apax Partners on its acquisition of Pickles, Australia’s leading marketplace for vehicles, industrial and salvage assets, marking Apax’s first Australian investment and supporting the company’s digital transformation and future growth.

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