News

04/12/17

G+T advises Quadrant on A$1 billion sale of Real Pet Food Company and investment in iconic Timezone Family Entertainment Centres

Gilbert + Tobin are thrilled to have advised Quadrant Private Equity on its strategic investment in Timezone Family Entertainment Centres and its recent sale of The Real Pet Food Company (RPFC).

The sale of The Real Pet Food Company comes just over two years after Quadrant acquired the business, a deal that G+T also acted on, investing significantly in the operations and new product development along with international expansion.

At the same time, the investment in Timezone enables Quadrant to invest in the education and entertainment sectors both here in Australia and in Asia. The deal will see Quadrant Private Equity partner with the Steinberg family, who founded Timezone in 1978.

Gilbert + Tobin’s market-leading M&A team worked closely with Quadrant across all legal aspects of both transactions.

Lead Partner Rachael Bassil said these transactions capped off another successful year for Quadrant.

“We are delighted to have supported Quadrant throughout their investment in RPFC, and to see RPFC grow into a thriving international business.   

We are also excited to help Quadrant with its investment in the Timezone Group, a growing business with operations across the Asia Pacific region.

These significant transactions are a testament to the quality of our team and our continued success in helping our clients realise their commercial and strategic goals.”

Corporate Advisory Partner, Rachael Bassil, led the teams with lawyers Elizabeth Cameron, Oliver Yee and Olivia Nunn and with support from lawyers across the firm. Banking + Infrastructure Partner, Gail Christopher, with support from lawyers Justin Greer and Matthew Weetman, advised on financing aspects of the transactions.

Gilbert + Tobin’s market-leading M&A team has advised on many of Australia’s largest and most innovative recent M&A transactions, including IOOF’s acquisition of ANZ’s One Path and Wealth Management Division, Carlton-United Breweries acquisition of Four Pines, Cover-more on the Scheme of Arrangement with Zurich, SAI Global on the scheme of arrangement with Baring Asia, Qube on the acquisition of Asciano and Spotless on the defence of Downer EDI’s takeover bid.

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Aneta Hoyle

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