Acquires Remaining 49% of Summerset from AMP Capital

In April 2009, Quadrant acquired a 49% equity interest in Summerset Retirement Villages from AMP Capital Investors. Summerset is one of New Zealand’s leading operators of retirement villages and providers of aged care services.

In April 2010, Quadrant acquired the remaining 49% interest in Summerset held by our JV partner, AMP Capital Investors (with the remaining 2% held by Summerset management).

Quadrant has also recently contributed additional equity capital to fund Summerset’s continued growth strategy - developing new villages and care facilities across New Zealand. Since Quadrant’s investment in Summerset, the business has opened 2 new villages (at Warkworth and Hastings), a new aged care facility (in Manukau) and has also acquired additional land banks in Hamilton and Dunedin for future village developments.

Please refer to www.summerset.co.nz for further information.

Acquires Queensland Fertility Group (QFG)

In October 2009, Quadrant investee, IVF Holdings acquired QFG, the leading Queensland based fertility care business. QFG presented a synergistic acquisition opportunity with a group of like minded doctors that provided the Group with geographic diversification, critical mass and strong organic growth potential.

The doctors and management reinvested in the combined IVF Holdings group. The combined group has approximately 33% market share and is the largest IVF group nationally.

IVF Holdings is achieving integration benefits from the QFG acquisition with significant savings from sourcing in particular. IVF Holdings will continue to expand organically as well as through selective opportunities. Please refer to www.ivf.com.au, www.mivf.com.au and www.qfg.com.au for further information.
 

Successful IPO of Kathmandu

In November 2009, Quadrant successfully divested its investment in Kathmandu via an Initial Public Offering in both Australia and New Zealand. Since acquisition in mid 2006, Kathmandu generated significant revenue and earnings growth from a successful store roll-out, product category expansion and various operational improvements.

Kathmandu continues to grow and deliver returns to its new investors.

Funding for Buyout and Growth Capital

Quadrant is one of Australia’s leading mid market private equity investors focussing on attractive investment opportunities within the following parameters:

•  Enterprise value of $100m to $300m
•  Equity cheque of $50m to $100m

For further information please contact any of the team on +61 2 9221 3044.