Allens has advised leading Australian private equity firm Quadrant Private Equity on the acquisition of Australia's and New Zealand's leading supplier to the civil construction and infrastructure sector, Jaybro.
The deal represents a significant investment by Quadrant into a key sector of the economy which will be integral to the post-pandemic recovery.
'Quadrant's investment will enable Jaybro to continue its growth trajectory, supporting construction and infrastructure businesses as they work to build the vital pieces of the economy that will position Australia for future economic growth,' said M&A partner Tom Story.
'The deal highlights the key role that private capital is playing in Australia's M&A market, which is at elevated levels. We anticipate private capital will continue to play a significant and increasing role in M&A activity in the coming year,' commented senior associate James Nguyen.
