Quad Lock sells majority equity interest to Quadrant Private Equity

We’re delighted to announce that we have recently assistedQuad Lock in the sale of a majority equity interest to Quadrant Private Equity (Quadrant), one of Australia’s leading private equity firms, through its $400 million growth fund. Quad Lock is a leading designer of innovate smartphone mounting systems and one of Prime’s Accounting & Corporate Advisory clients.

Quad Lock became an Accounting client of Prime’s over 9 years ago as a startup business for mobile phone mounts. Over the journey, Prime have provided Quad Lock with a full range of Accounting & Business Advisory Services required to assist them in achieving their business goals and aspirations, including accounting and compliance, structuring, advice on R&D and Export Market Development Grants (EMDG).

Based on Quad Lock’s aspirations for growth, these services extended to our Prime’s Capital & Corporate Advisory. The Prime Capital team worked in conjunction with a US investment firm to identify appropriate equity partners for Quad Lock, and after a detailed process with multiple competitive offers Quadrant were selected as the successful bidder/partner.

At Prime, we operate as ‘One Connected’ firm and our range of services such as Accounting & Business Advisory, Wealth Management & Protection, SMSF and Capital & Corporate Advisory, allows us to provide our clients a full suite of end to end solutions all under one roof to help achieve your aspirations.

If you are a business in a similar situation and are looking for an adviser to guide you from the start through your journey,please give us a call or email and we can set up a time to discuss how we can best assist you.

For the full press release, please clickhere.

This post is provided by Prime Accounting and Business Advisory Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation. This post is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this post. All information is subject to change without notice. We and each party providing material displayed in this post disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of information or material in this post. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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