Australian Unity is set to buy home support services provider myHomecare Group from Enrich Health, a joint venture between RAC and Quadrant Private Equity, for $285 million.
Perth-based human services firm APM Group has attracted a new majority shareholder after three years of strong growth that has seen it nearly triple staff numbers to 6,500 across 10 countries.
A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group's bowling and entertainment division.
EY's Perth managing partner, Mike Anghie, is planning to join APM as its chief executive, four months after advising Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia's largest privately owned human services company.
SPECIAL REPORT: Western Australian businesses participated in nearly 200 corporate finance transactions in the September quarter collectively worth $4.8 billion, research by Business News has found.
Motoring, travel, retirement and financial services group Royal Automobile Club of WA is understood to have sold part of its aged care homes services business to Sydney-based Quadrant Private Equity.
Perth-based City Farmers has been sold for $205 million, just nine months after managing director Clayton Hollingsworth struck a deal for Quadrant Private Equity to pay $93 million for a major stake in the pet care retailer.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
THE private equity binge has extended to the fast food industry, with a Sydney fund backing Australian Fast Foods Pty Ltd managing director Frank Romano in a $180 million deal, buying out major sha
