Quarles & Brady led the transaction advising Quadient, working alongside Lander & Rogers. Mayfair Advisory and Mills Oakley advised Smartech on the deal, while Grant Samuel acted as financial adviser to Quadient.
Euronext Paris-listed Quadient divested its Graphics business in Australia and New Zealand in January, selling to long-term partner Smartech Business Systems Australia Pty Ltd.
The move, which was driven by the company’s Back to Growth strategy, achieved a sale of AUD $6 million, including $2 million in deferred payments.
The Graphics business, which employs an estimated 140 people, was a subsidiary of Quadient focused on document finishing solutions, mailing fulfilment and large format and digital print solutions in Australia and New Zealand.
As part of the transaction, technology solutions provider Smartech will become the distributor of Quadient’s Mail-Related solutions in Australia and New Zealand and continue to serve Quadient’s more than 19,000 customers in the region.
The Lander & Rogers’s team was led by Jared Smith (Picture).
Involved fees earner: Jared Smith – Lander & Rogers;
Law Firms: Lander & Rogers;