Sharechat Logo

Kathmandu float-backer Quadrant buys Media Monitors

Tuesday 6th July 2010

Text too small?

Quadrant Private Equity, the Australian private investor behind the float of Kathmandu Holdings last year, has bought media intelligence agency Media Monitors Australia.  

The private equity group, which has A$765 million under management across two funds, acquired the media monitoring and analysis agency last week for as much as A$160 million, according to The Australian newspaper.  

Media Monitors chief executive John Croll said the investment will help accelerate its growth.

Media Monitors was founded in 1982, growing to take dominant positions in Australia and New Zealand by acquiring its competitors. It bought out New Zealand competitor Chong Bureau last year for some $6.9 million.  

"Media Monitors has a highly successful track record, a strong management team and a leading market position in Australia, New Zealand and across the Asia-Pacific region with a strong presence in China," said Chris Hadley, Quadrant managing director, in a statement.

"We are looking forward to working with the Media Monitors' management team to further develop the business through innovative products, services and potential strategic acquisitions."  

Quadrant hasn't been a long-term holder of assets, making 37 exits through a trade sale or initial public offering of its 46 investments, according to its website.

Its most recent acquisition in New Zealand was the buy-out of the remaining half of retirement village operator Summerset Group from AMP Capital Investors.  

Quadrant successfully floated Kathmandu Holdings on the NZX and ASX last October, raising A$375 million for the first float on the New Zealand exchange in 22 months. 

Quadrant's Hadley and Marcus Darville will join Media Monitors' Croll on the company's board.  

Businesswire.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report