Newsletter


August 2008


Expands team and builds portfolio


Quadrant has expanded its investment team with the recruitment of three additional professionals:
  • Simon Pither joined the team as an Investment Director, having previously worked with Advent Private Capital in Melbourne and Credit Agricole Indosuez Private Equity in the UK
  • Jason Cachia joined Quadrant as an Investment Director. Jason was previously a director with ABN AMRO’s Investment Banking team and prior to that, worked with JPMorgan and PricewaterhouseCoopers
  • Alex Eady joined Quadrant as an Investment Analyst having spent the previous three years working in corporate finance with Oaktower Partnership and Ernst & Young
In addition to Simon, Jason and Alex, Olivia Gilmore has also joined the team as an Executive Assistant.

Quadrant has a broad team of professionals to continue its pursuit of successful investments in the mid-market private equity sector.

$500m fund over 40% invested


Since raising $500m for Quadrant Private Equity No. 2 in April 2007, Quadrant has invested over $200m of equity in three investments:

Quick Service Restaurants: Comprising the Red Rooster, Oporto and Chicken Treat brands, the business continues to implement its store roll-out strategy with great success. The group now operates over 600 restaurants across Australia and New Zealand and has one of the largest fast-food businesses in the southern hemisphere.

Independent Pub Group: Having completed a successful investment in Club Hotels, Quadrant has again teamed up with its hotel manager Greg Maitland, Chief Executive Officer of the Group, to acquire nine large format gaming hotels in South Australia and Queensland. Joining the hotel team is former Quadrant investee manager Stephen Bushaway who was Chief Financial Officer at Penrice Soda Holdings Limited. The Independent Pub Group is seeking to acquire further hotels and to participate in the consolidation of the hotel sector.

IVF Australia: The NSW based fertility care business represents a successful investment into one of the fastest growing sectors within Australia’s healthcare industry. Quadrant continues to explore further select acquisition opportunities within the sector to complement this strategic investment.




Successful divestment of TOWER Software


In May 2008 the TOWER Software business was sold to Hewlett Packard (HP) for $113m. TOWER is a leading enterprise content management software business with operations in Australia, the US, UK and Canada. Quadrant invested in TOWER in October 2006 and generated an IRR of 56%, returning 2.0x its investment for investors in Quadrant Private Equity No. 1.

This was the first divestment for Quadrant Private Equity No. 1 and builds on the successful track record of strong returns generated by prior Quadrant funds.

Quadrant is a mid market Private Equity investor that has completed 45 investment transactions to date. For further information on Quadrant please refer to www.quadrantpe.com.au