Gilbert + Tobin is delighted to have advised Quadrant Growth Fund, the founders and other shareholders of Quad Lock on its sale to Stockholm-listed Thule Group for $500 million. Under the deal, Quadrant, the founders and management shareholders will receive a cash payment and a portion in shares in Thule.
Quad Lock is a global market leader in performance phone mount solutions, giving cyclists, motorcyclists and other adventurers access to their mobile phones while being active. Thule, a retail company, are global market leaders in a number of product categories including roof racks, roof boxes and bike racks.
G+T’s market leading M+A team was led by Corporate Advisory Partners David Josselsohn and Beth Cameron, with assistance from lawyers Muli Zhou, Kim Nguyen and Katerina Burtaev. The Corporate Advisory team was supported by specialists throughout the firm, including Competition, Consumer + Market Regulation partner Charles Coorey and lawyer Lachlan Green.
David commented: "Having advised Quadrant Growth on its initial investment in Quad Lock in 2020, we are pleased to have assisted Quadrant and the founders of Quad Lock, Chris Peters and Rob Ward, on this transaction. We look forward to seeing this leading Australian business continue to grow under Thule’s ownership".
G+T worked closely with Quadrant’s other advisors, Jefferies Australia, EY and Swedish law firm Roschier on the transaction.
