G+T advises on sale of majority stake to US firm

The deal is US private equity firm's first major buyout in Australia

G+T advises on sale of majority stake to US firm

Gilbert + Tobin (G+T) successfully advised private equity firm Quadrant on the sale of its 55% majority stake in disability employment service provider APM to US private equity firm Madison Dearborn Partners (MDP) in a deal that serves as MDP’s first major buyout in Australia.

Founded in 1994, Perth-based APM is the largest provider of disability employment services in the country, and also provides services involving outplacement, training, health and rehabilitation in 700 locations worldwide.  Meanwhile, MDP has spent 30 years investing in mid-market firms generally based in the US.

Corporate advisory partner David Josselsohn headed the team that advised on all aspects of the transaction, supported by corporate advisory partner Alastair Corrigall and lawyers Ilona Hunnisett, Edward Davidson, Ashleigh Kern and Ginia Kouznetsova.

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“Having advised our long-time client Quadrant with their initial investment in APM in 2017, it was a pleasure to have assisted Quadrant and the APM management team with this significant transaction and are excited to see APM continue to grow under MDP’s ownership,” Josselsohn said.

Josselsohn also jointly headed the G+T team that recently advised Quadrant on its acquisition of Total Tools, Australia's largest professional tool retail network, along with banking and infrastructure partner Robert Trowbridge. Josselsohn was supported by Elizabeth Cameron, Alexandra Meade, Michelle Lee, Julie Comninos, and Annabel Kirkby, while Trowbridge was supported by Katie McCracken, Calyb Soekoe, Alanie Joseph, Patrick Foote, and James Soussa.

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