KWM advises private equity on two travel firm buys

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King & Wood Mallesons advised Quadrant Private Equity on two recent acquisitions to add to its portfolio of experience-related travel assets.
Quadrant has acquired Cruise Whitsundays, the biggest ferry and cruise operator in North Queensland carrying about 700,000 passengers a year and Perth-based Rottnest Express, which ferries passengers to Rottnest Island and runs bus tours, cycling adventures and the like.
These acquisitions by Quadrant follow its purchase of Great Southern Rail earlier this year, on which KWM also advised.
The KWM team was led by partner Mark McNamara, with special counsel Alex Elser and solicitor Josh Chalkley.
Partner Tim Sherman advised on tax with senior associate Joseph Power, and partner Elizabeth Hundt-Russell advised on the financing, with solicitors Dan Flanagan, Michael Spurritt and Kristin Romano.
“We are delighted to continue supporting our long-standing client Quadrant as they continue to expand their portfolio of leisure, tourism and lifestyle brands, including Urban Purveyor Group and Fitness First. With global demand for experiential travel rising, the acquisition of Cruise Whitsundays and Rottnest Express positions Quadrant to capitalise on the trend,” said McNamara.

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