Quadrant Private Equity

Quadrant Private Equity, founded in 1996 and based in Sydney, is a private equity firm that focuses on mid-market investments in Australia and New Zealand. The firm has a strong track record, having led 59 investments across seven funds, resulting in 51 successful exits. Its investment portfolio spans various sectors including retail, healthcare, media, consumer foods, and financial services. Quadrant is backed by a diverse group of investors, including prominent Australian and global superannuation funds, as well as investment and sovereign wealth funds, many of which have participated in multiple Quadrant funds.

Mark Chudek

Investment Director

Christopher Coates

Partner

Marcus Darville

Managing Partner

Alex Eady

Managing Partner

Peter Elkhouri

Investment Director

Andrew Gale

Investment Director

Victor Ha

Investment Director

Louise Haslehurst

Investment Director

Michael Hruby

Investment Director

Emily Kaveney

CFO

Youngsoo Kim

Investment Manager

Jonathon Pearce

Managing Partner

Simon Pither

Partner

Taseen Rahman

Investment Manager

Derryn Ruolle

Deputy CFO

Justin Ryan

Managing Partner

45 past transactions

Enterprise Services Division of Arq Group Limited

Merger/Acquisition in 2020
Enterprise Services Division of Arq Group Limited provides cloud professional and managed services; mobile application development; and data and analytics software and professional services.

Icon Cancer Care

Acquisition in 2014
Providing over two million cancer patient interactions annually, Icon Cancer Centre operates 29 cancer centres across Australia and New Zealand, seven in Singapore and a number of centres set to open in China in 2019. These state-of-the-art cancer centres deliver radiation therapy, chemotherapy and treatment for blood disorders, or a combination of all. Icon has a far reaching global network of over 250 doctors and 2800 staff. These experienced teams work across metropolitan, outer-metropolitan and regional communities, alongside outreach clinics across Australia and the ASEAN region to deliver exceptional care to more people, where and when they need it.

APN Outdoor

Acquisition in 2014
APN Outdoor Group Limited offers marketing and advertising services in Australia and New Zealand. It provides large format digital billboards and static billboards at arterials, motorways, and local communities; bus and tram advertising displays; and panels in trains, railway stations, and airports. The company was founded in 2004 and is headquartered in Sydney, Australia. As of October 31, 2018, APN Outdoor Group Limited operates as a subsidiary of JCDecaux ANZ Pty Ltd.

Adore Beauty

Merger/Acquisition in 2019
Adore Beauty Group Limited operates an integrated content, marketing, and e-commerce retail platform in Australia and New Zealand. Its ecommerce website offers beauty and personal care products. The company offers approximately 230 brands and 11,000 products in the categories of skin care, hair care, cosmetic, body care, fragrance, oral care, men’s grooming, and sex products, as well as electrical appliances and dietary supplements. As of June 30, 2020, it serviced approximately 590,000 active customers. The company was founded in 2000 and is headquartered in Northcote, Australia.

V.I.P. Petfoods

Acquisition in 2015
V.I.P. Petfoods is Australia’s premier producer of fresh chilled petfoods. The company is proudly Australian and is comprised of three generations deeply committed to the petfood industry and pet welfare. Being a fresh food company, local Australian meat has been a foundation of our business and one of the main reasons behind the popularity of our fresh chilled products. The V.I.P. range of Dog and Cat products includes a complete selection of cooked meals including both chub form dog rolls, our innovative range of lamb and chicken chunkers, and a variety of vacuum packed fresh minces.

0798576 B.C. Ltd/Ingeus Australia Holdings/Ingeus Europe/Ross Innovative Employmet

Merger/Acquisition in 2018
0798576 B.C. Ltd/Ingeus Australia Holdings/Ingeus Europe/Ross Innovative Employmet represents combined operations of 0798576 B.C. Ltd, Ingeus Australia Holdings Pty Ltd, Ingeus Europe Ltd, and Ross Innovative Employmet Solutions Corp. Ingeus Europe Ltd provides IT and management services. Ross Innovative Employment Solutions Corp. provides workforce development services. 0798576 B.C. Ltd is based in Canada. Ingeus Australia Holdings Pty Ltd is based in Brisbane, Australia. Ingeus Europe Ltd is based in London, United Kingdom. Ross Innovative Employment Solutions Corp. is based in Milwaukee, Wisconsin.

Affinity Education Group

Acquisition in 2021
Affinity Education Group Limited (ASX: AFJ) listed on the ASX on 9th December 2013. Incorporated in May 2013, Affinity Education Group owns and operates over 150 child care centres and manages 4 child care centres across Queensland, New South Wales, Victoria, Western Australia and the Northern Territory. Through the ownership and management of its child care centres, Affinity Education Group will focus on providing the highest standard, localised education programs and care solutions for children, whilst implementing the centralised management support functions and disciplines of a corporate entity. Affinity Education Group advocates conduct paving a moral and ethical path, speaking and acting in ways that show caring, kindness and fairness to others. As early childhood leaders we appreciate our moral obligation to act with professional integrity in all aspects of our work. Our educators see in light of each child’s positive possibilities and consciously take the time to help children feel noticed, heard and understood.

Rockpool

Acquisition in 2016
The Rockpool Restaurant Group offers a unique dining experience throughout its restaurants, to maintain this position, we set out to do everything to the best of our ability today and then try even harder tomorrow. This approach has enabled the Rockpool Restaurant Group to improve throughout its history and will continue to propel us well into the future. The Rockpool Group of restaurants are bound by a commitment to the finest sustainable produce, world class service, a progressive approach to food and creating memorable experiences for guests.

Adore Beauty

Acquisition in 2019
Adore Beauty Group Limited operates an integrated content, marketing, and e-commerce retail platform in Australia and New Zealand. Its ecommerce website offers beauty and personal care products. The company offers approximately 230 brands and 11,000 products in the categories of skin care, hair care, cosmetic, body care, fragrance, oral care, men’s grooming, and sex products, as well as electrical appliances and dietary supplements. As of June 30, 2020, it serviced approximately 590,000 active customers. The company was founded in 2000 and is headquartered in Northcote, Australia.

MotorOne

Acquisition in 2016
MotorOne is an automotive and car care solutions provider.

Annex Products (Quad Lock)

Acquisition in 2020
Annex Products Design and Manufacture innovative functional protective cases for mobile technology. Originally born through the success of two Kickstarter projects Annex Products have expanded their range to include the now famous iPhone bottle opener case, The 'Opena', a wallet style iPhone case with a unique slide open storage area dubbed the 'Holda' and a unique mounting system for phones, tablets and other mobile devices, called the Quad Lock Mounting System.

Summerset

Acquisition in 2010
Summerset Group Holdings Limited, together with its subsidiaries, develops, owns, and operates integrated retirement villages in New Zealand. It provides various independent living options, including villas, townhouses, apartments, serviced apartments, and care centre. The company also offers one-off, supported living, premium care, rest home care, hospital care, memory care, and respite and short term care services. It develops and operates 31 retirement villages; and provides living options and care services to approximately 5,500 residents. The company was founded in 1994 and is headquartered in Wellington, New Zealand. Summerset Group Holdings Limited is a subsidiary of New Zealand Central Securities Depository Limited.

Little Beings PTY LTD

Merger/Acquisition in 2019
Little Beings PTY LTD, trading as Love To Dream, designs, manufactures, and sells baby swaddles and sleepwear. It sells its products through stores and online. The company was founded in 2008 and is based in Waterloo, Australia.

Qms Media

Acquisition in 2019
QMS Media Limited, an outdoor media company, provides out-of-home advertising and media services primarily in Australia and New Zealand. The company offers digital and static billboards, street furniture, and sport and transit media advertising services. QMS Media Limited was incorporated in 2014 and is based in Melbourne, Australia. As of February 21, 2020, QMS Media Limited was taken private.

55% of Qscan Services Pty Ltd and 55% of North Coast Radiology

Merger/Acquisition in 2017
55% of Qscan Services Pty Ltd and 55% of North Coast Radiology represents the combined operations of Qscan Services Pty Ltd. and North Coast Radiology Group in their sale to Quadrant Private Equity No. 5, fund of Quadrant Private Equity Pty Limited. As of May 10, 2017, 55% of Qscan Services Pty Ltd and 55% of North Coast Radiology were acquired by Quadrant Private Equity No. 5, fund of Quadrant Private Equity Pty Limited. Qscan Services Pty Ltd. offers diagnostic radiology reports, and interventional radiology and patient care. North Coast Radiology Group offers radiology services, including multi-slice CT, ultrasound, licensed MRI, nuclear medicine, general and dental radiography, mammography, and bone densitometry. The companies are based in Australia.

Great Southern Rail

Acquisition in 2016
Great Southern Rail has owned and operated The Ghan (Adelaide-Alice Springs-Darwin), the Indian Pacific (Sydney-Adelaide-Perth) and The Overland (Melbourne-Adelaide) rail journeys since 1997 when it became the first transcontinental passenger rail business to be privatised in Australia.

Great Southern Rail

Merger/Acquisition in 2016
Great Southern Rail has owned and operated The Ghan (Adelaide-Alice Springs-Darwin), the Indian Pacific (Sydney-Adelaide-Perth) and The Overland (Melbourne-Adelaide) rail journeys since 1997 when it became the first transcontinental passenger rail business to be privatised in Australia.

Canberra Data Centres

Private Equity Round in 2014
CDC is an Australian company. Since its creation it has been a trusted partner to organisations requiring secure, reliable, green and customised data centre solutions. CDC currently operates four data centres – Fyshwick 1, and Hume 1, 2 and 3. Each is custom designed to CDC’s demanding structural, environmental, ascetic and operational requirements to meet the highest standards for data centres. This provides peace of mind to all clients of CDC around security, reliability, flexible and scalable services and green environmentally friendly operations.

City Farmers

Acquisition in 2013
City Farmers pet care retail stores that sell bulk pet, garden, and pool supplies. Its stores’ offer pet supplies for dogs, cats, birds, fish, reptiles, and small animals, as well as gift cards; and garden and pool products, such as plant protection products, plant care products, pest control products, mulches and soils, seeds and seedlings, tools, and pool products. The company also provides dog wash, pet insurance, and other services. It also sells products online.

Barbeques Galore

Acquisition in 2012
Barbeques Galore is the speciality retail store in its sector, with 68 stores in the US and 44 in Australia, plus seven franchise outlets in the US and 48 licensed stores in Australia.

Urban Purveyor Group Pty Ltd

Merger/Acquisition in 2015
Urban Purveyor Group Pty Ltd operates restaurants, bars, and function facilities in Australia. The company operates restaurants and bars under the Ananas Bar & Brasserie, The Argyle, The Cut Bar & Grill, Saké Restaurant & Bar, Bavarian Bier Café, Munich Brahaus, El Camino Cantina, Sake Jr, Sake Live, The Alfred, and Fratelli Fresh names. It also offers venues for cocktail parties, private dining, weddings, and exclusive lunches and dinners, as well as small meetings and conferences. The company was founded 1976 and is based in Sydney, Australia.

Jetts Fitness

Acquisition in 2016
Jetts Fitness Pty Ltd operates gyms. It offers muscle gain, weight loss, and nutrition services. The company was founded in 2007 and is based in Mooloolaba, Australia with locations in New Zealand, the Netherlands, the United Kingdom, and Thailand.

Darrell Lea Confectionery

Merger/Acquisition in 2018
Darrell Lea Chocolate Shops Pty Ltd. produces and retails confectionary products. The company offers chocolate bars and boxes, jellies, liquorices, and nuts. It offers gift baskets, chocolate boxes, and gift cards for various corporate events, father's day, Christmas, valentine's day, Easter, mother's day, and other occasions.

Zip Water

Acquisition in 2013
Zip Water operates as a drinking water appliance company. Zip has been manufacturing and marketing Australian designed instant boiling water appliances and filtered drinking water systems in Sydney’s western suburbs since 1947.

Serendipity (WA) Pty Ltd

Merger/Acquisition in 2017
Serendipity (WA) Pty Ltd., doing business as APM, provides employment, injury management/vocational rehabilitation, assessment, allied health intervention, and community care services. Its employment services include vocational counseling, job matching, pre-employment screening and assessment, employment engagement, capacity-building/preparation for work, job placement, sourcing of workplace modifications, and post-placement support; and injury prevention and management services comprise critical incident support, workplace rehabilitation, return-to-work and redeployment, psychological services, occupational health and safety, risk assessment, workplace assessment, and assessment services. The company also provides disability employment, aged care, and disability care services; and employment and skills support services. The company serves employers, government, and job seekers in Australia, New Zealand, and the United Kingdom. Serendipity (WA) Pty Ltd. was incorporated in 1993 and is based in West Perth, Australia. It has office locations in Australia, New Zealand, and the United Kingdom.

Fitness First Australia

Acquisition in 2016
We believe people motivate people, not machines, and in building our new brand from the inside out.

Love To Dream

Acquisition in 2019
Love To Dream is a domestic baby care brand focused on swaddles and sleepwear.

Qms Media

Merger/Acquisition in 2019
QMS Media Limited, an outdoor media company, provides out-of-home advertising and media services primarily in Australia and New Zealand. The company offers digital and static billboards, street furniture, and sport and transit media advertising services. QMS Media Limited was incorporated in 2014 and is based in Melbourne, Australia. As of February 21, 2020, QMS Media Limited was taken private.

Estia Health

Acquisition in 2013
Estia Health provides quality aged care via specialized healthcare teams across Australia.

Peter Warren Automotive

Merger/Acquisition in 2016
Peter Warren Automotive Holdings is a new and used car retailing business provider. Headquartered at Warwick Farm on a 22-acre site, the company which started trading with just 3 used cars has grown to become a leading privately owned dealership group with one of the largest parts distribution centers in Sydney. Peter Warren Automotive represents over 17 of the world’s best car brands including Mercedes-Benz, Chrysler, Jeep, Dodge, Honda, Toyota, Ford, Suzuki, Kia, Peugeot, Volvo, ŠKODA and Isuzu UTE.

CQMS Razer

Acquisition in 2012
CQMS Razer designs, manufactures, and manages large surface mining and fixed plant products, equipment, and wear parts. The company offers dragline buckets, and rigging and ground engaging tools; cast and plate lip systems; breaker screens; conveyor accessories, including belt cleaning systems, conveyor skirting systems, conveyor pulley lagging, conveyor belt trackers, and guarding products; and stone dusting systems, such as development panel dusting, travel road dusting, belt road dusting, longwall continuous trickle dusting, and stone delivery bin systems.

WorldMark

Acquisition in 2016
WorldMark is the leading B2B distributor of automotive aftermarket products and services to Australian motor dealerships. The business has a 40-year history in thecountry and has formed strong relationships with its dealer, fleet and trade customers.

50% stake in Timezone Australia Pty Ltd and 50% stake in Timezone Group International Pte Ltd.

Merger/Acquisition in 2017
50% stake in Timezone Australia Pty Ltd and 50% stake in Timezone Group International Pte Ltd. represents combined operations of Timezone Australia Pty Ltd and Timezone Group International Pte. Ltd. in their sale to Quadrant Private Equity Pty Limited. Timezone Australia Pty Ltd and Timezone Group International Pte. Ltd. owns and operates entertainment centers. The companies are based in Australia.

Darrell Lea Confectionery

Acquisition in 2018
Darrell Lea Chocolate Shops Pty Ltd. produces and retails confectionary products. The company offers chocolate bars and boxes, jellies, liquorices, and nuts. It offers gift baskets, chocolate boxes, and gift cards for various corporate events, father's day, Christmas, valentine's day, Easter, mother's day, and other occasions.

Junior Adventures Group Pty Ltd

Merger/Acquisition in 2018
Junior Adventures Group Pty Ltd provides outside school hours care (OSHC) services to schools across Australia. The company was founded in 2015 and is based in Oakleigh, Australia.

Real Pet Food Company

Merger/Acquisition in 2015
Real Pet Food Company produces food products for dogs and cats. The company was incorporated in 1995 and is based in North Sydney, Australia.

Goodlife Health Clubs

Acquisition in 2016
Goodlife Operations Pty Limited, doing business as Goodlife Health Clubs, owns and operates a network of gyms in Australia. Its gyms provide a range of training classes for fitness, strength, weight loss, and wellbeing. The company was founded in 2002 and is based in Bulimba, Australia.

Car Buyers Australia Pty Ltd/Graysonline S.A. Pty Limited

Merger/Acquisition in 2019
Car Buyers Australia Pty Ltd/Graysonline S.A. Pty Limited represents the combined operations of Car Buyers Australia Pty Ltd and Graysonline S.A. Pty Limited. Graysonline S.A. Pty Limited comprises online auction of plant, equipment, and vehicle. The companies are based in Australia. As of July 31, 2019, Car Buyers Australia Pty Ltd and Graysonline S.A. Pty Limited are acquired by Quadrant Private Equity Pty Limited.

Burson Auto Parts

Acquisition in 2011
Burson Automotive Pty Ltd. supplies automotive aftermarket/replacement parts, accessories, workshop equipment, car care products, electrical products, tools, and chemicals and oils to automotive aftermarket trade and retail customers in Australia. It serves customers through its network of auto parts stores. The company was founded in 1971 and is based in Preston, Australia with auto parts stores in Australia. Burson Automotive Pty Ltd. operates as a subsidiary of Bapcor Limited.

ATF Services

Acquisition in 2006
ATF Services provides temporary fencing and height safety equipment for hire to residential, commercial, industrial, and events sectors in Australia and New Zealand. The company offers various temporary fencing panels, crowd control barriers, hoarding panels, and other fencing systems; and domestic edge protection products, commercial edge protection products, working platforms, void protection systems, gantry systems, and access tower solutions.

Majority Stake in Superior Food Services and Majority Stake in NFD Food Services

Merger/Acquisition in 2015
Majority Stake in Superior Food Services and Majority Stake in NFD Food Services represents the combined operations of Superior Food Services and NFD Food Services. Superior Food Services and NFD Food Services provides food distribution services. The companies are based in Australia.

Canva

Series F in 2024
Canva is a graphic design software solutions provider that helps users to design presentations, social media graphics, and more with various layouts, images, photo filters, icons and shapes, and fonts. The platform combines a drag-and-drop design tool with a stock library of photographs, illustrations, and imagery. The company is on a mission to simplify the process of graphic design for photographers, illustrators, and designers globally. Canva was established in 2012 and is based in Sydney, Australia.

Jetts Fitness

Merger/Acquisition in 2016
Jetts Fitness Pty Ltd operates gyms. It offers muscle gain, weight loss, and nutrition services. The company was founded in 2007 and is based in Mooloolaba, Australia with locations in New Zealand, the Netherlands, the United Kingdom, and Thailand.