Quadrant’s Acquisition of Prime100

Gilbert + Tobin has advised leading Australian private equity firm Quadrant Private Equity through the Quadrant Growth Fund on the acquisition of the Prime100 pet food manufacturing business.

Financial details of the acquisition were not disclosed but the report said the controlling stake values Prime100, which specialises in premium single protein products for dogs and cats with potential allergies, at as much as A$200 million ($154 million).

Financial details of the acquisition were not disclosed but the report said the controlling stake values Prime100, which specialises in premium single protein products for dogs and cats with potential allergies, at as much as A$200 million ($154 million).

Prime100,  founded in 2014, is one of he top pet food manufacturers in Australia. Its biggest seller is kangaroo and pumpkin roll, which is fed to dogs, was formulated by university professors and approved by vets.

Quadrant Private Equity is one of the leading private equity firms with a track record of successful capital investment opportunities since its inception in 1996.

The G+T team was led by Private Equity partner Peter Cook (Picture), Banking + Infrastructure Partner Gail Christopher with support from lawyers Michael Spurritt and Elizabeth Athanassios. G+T worked closely with Quadrant on all aspects of the transaction, including structuring, due diligence, underwriting of a W&I insurance policy, obtaining debt financing and negotiating the transaction documents.

 

Involved fees earner: Elizabeth Athanassios – Gilbert + Tobin; Gail Christopher – Gilbert + Tobin; Peter Cook – Gilbert + Tobin; Michael Spurritt – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Quadrant Private Equity;

Author: Sonia Carcano