AFR: Future Fund, ROC Partners back Quadrant’s new buyout fund

November 1, 2022

Date: Nov 1, 2022

Source: Australian Financial Review


Australian buyout firm Quadrant Private Equity has raised $255 million from investors including Future Fund and ROC Partners for a new single asset fund that will buy and own the group’s auto parts distributor, MotorOne.

In a look at what’s likely ahead for other Australian private equity-owned companies, Quadrant will sell MotorOne on behalf of investors in its QPE Fund 4 into the new “continuation” fund, and manage the new fund for institutional heavyweights Future Fund and ROC - and a clutch of the country’s richest people.

The deal valued the auto parts company at about $450 million, including debt, and allows Quadrant to make money for existing investors and still back MotorOne management’s plans to set up a network of as many as 40 smash repairs shops along Australia’s east coast in the coming three years.

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