G+T has advised Quadrant Private Equity (Quadrant) on the acquisition of a majority stake in Total Tools, the largest professional tool retail network in Australia.
The tradie tools retailer’s franchisees employ north of 1000 people across 81 stores nationally, with their Online Store having more than 7000 products on hand and access to 60,000-plus products across Australia.
G+T’s market-leading Corporate Advisory and Banking + Infrastructure teams advised on all aspects of the transaction including structuring, regulatory, due diligence and financing. This advice included solving complex issues around franchising and joint venture stores and financing to enable Quadrant to realise their growth plan for the business.
The G+T team was led by Corporate Advisory Partner, David Josselsohn and Banking + Infrastructure Partner, Robert Trowbridge. David was supported by Elizabeth Cameron, Alexandra Meade, Michelle Lee, Julie Comninos and Annabel Kirkby and Robert was supported by Katie McCracken, Calyb Soekoe, Alanie Joseph, Patrick Foote and James Soussa on the financing aspects.
David Josselsohn said, “We’re pleased to have advised our long-standing client Quadrant on this acquisition and are excited to see Total Tools grow under their ownership”.
G+T’s Corporate Advisory team, which boasts some of Australia’s leading M&A and Private Equity lawyers, has advised on many of Australia’s largest and most innovative transactions, including recently advising Quadrant on its acquisition of QMS, TPG Capital on its $1 billion acquisition of ASX-listed pets and vets company, Greencross Limited, Konekt on its acquisition by Advanced Personnel Management, DuluxGroup on its $3.8 billion acquisition by Nippon Paint and KKR on its $2 billion acquisition of MYOB.
G+T’s Banking team is recognised in the leading legal directories, and has advised on many of Australia’s largest financing transactions including recently advising KKR on the financing of its A$3.2 billion acquisition of Arnott’s, Adamantem Capital on the senior debt package for its acquisition of Legend Corporation and BGH Capital in relation to the c.A$1.145 billion unitranche financing in connection with their acquisition of global education group Navitas.