KPMG advised Urban Purveyor Group on its sale to Quadrant Private Equity and subsequent recapitalisation.
KPMG advised Urban Purveyor Group on its sale to Quadrant Private Equity.
Operating across New South Wales, Victoria and Queensland, Urban Purveyor Group (UPG) is Australia’s leading vertically integrated national casual dining group and beverage import business without gaming.
As UPG began to embark on its next phase of growth, the founder and 100 percent shareholder engaged KPMG to perform a strategic review of liquidity options available, including a full divestment, partial sell down (majority and minority), IPO and alternate strategies. The completed transaction which was a full divestment and was the largest Australian casual dining transaction.
“The KPMG mergers and acquisitions team led a regional auction and provided valuable advice including recommending the most appropriate path to achieve the founder and 100 percent shareholders’ objectives by leveraging their market experience, buyer pool relationships and strong understanding of the business and its key drivers. KPMG designed a bespoke process that delivered a premium valuation. I would highly recommend Beau Dixon and his team for future engagements.”
– Tom Pash
One KPMG integrated approach
KPMG specialists from mergers and acquisitions analysed UPG’s strategic options, and in conjunction with other parts of KPMG including transaction services, tax and legal divisions, made a recommendation on the most appropriate path for the client. KPMG assisted management in the preparation and positioning of all marketing materials, negotiation of transaction documentation and due diligence. KPMG assisted management in the preparation and positioning of all marketing materials, negotiation of transaction documentation and due diligence.
On 2 November 2015, Quadrant Private Equity successfully acquired 100 percent of UPG. KPMG’s deep knowledge of the industry, commitment to understand the inner workings and key drivers of all aspects of the business, and relationships with the potential buyers, meant we achieved a strong valuation for an asset of this nature.