Global private equity and venture capital news and research

Quadrant Private Equity plans to float Burson Auto Parts

21 Oct 2013

australian dollarAustralian private equity firm Quadrant is reportedly planning to float its portfolio company Burson Auto Parts after a two year holding period.

The firm, which acquired Burson for A$148m in 2011, has hired Morgan Stanley and UBS to manage the IPO, said the Wall Street Journal, citing a person familiar with the matter.

The IPO is expected to take place in the first quarter of 2014 and raise around A$300m ($290m), said the person.

Burson is expected to post an EBITDA of between A$40m and A$45m for the fiscal year to end June 2015.

Last week Quadrant exited its investment in New Zealand-based retirement village operator Summerset Group.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016