SALE OF BUSINESS ENTERPRISES – AUSTRALIA

Anchorage to buy Pacific’s Brand Collective unit

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Original article by Sarah Thompson, Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 18-Nov-14

Private equity firm Anchorage Capital Partners is believed to be in talks to acquire the Brand Collective division of Australian-listed Pacific Brands. The division boasted sales of $A205m in fiscal 2014, but it posted a loss of $A0.9m prior to one-off costs. Anchorage will be hoping to emulate its success in turning around the fortunes of Dick Smith. Brand Collective owns brands such as Volley and Grosby, and operates several chains of shoe stores

CORPORATES
PACIFIC BRANDS LIMITED – ASX PBG, BRAND COLLECTIVE, ANCHORAGE CAPITAL PARTNERS PTY LTD, GROSBY FOOTWEAR, VOLLEY, SHOE WAREHOUSE, SHOE SUPERSTORE GROUP PTY LTD, DICK SMITH HOLDINGS LIMITED – ASX DSH, SUPERDRY, MOSSIMO, HUSH PUPPIES, CLARKS SHOES LIMITED, WOOLWORTHS LIMITED – ASX WOW, MYER HOLDINGS LIMITED – ASX MYR, HARD YAKKA, KING GEE CLOTHING COMPANY, STUBBIES CLOTHING COMPANY, WESFARMERS LIMITED – ASX WES, MACQUARIE CAPITAL PTY LTD, KPMG AUSTRALIA PTY LTD, BONDS INDUSTRIES LIMITED, SHERIDAN AUSTRALIA PTY LTD

AussieCommerce sued over part-sale

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Original article by Sarah Danckert, Andrew White
The Australian – Page: 21 : 13-Oct-14

Adam Glezer, ex-national sales manager of AussieCommerce, has launched legal action in the Supreme Court of Victoria against founders Adam Schwab and Jeremy Same. Glezer alleges he was pressured into selling them his 19.8% holding in Deals.com.au, subsequently acquired by AussieCommerce, for just $A282,000 in April 2013. This was despite the board members valuing the business at between $A10m and $A25m. AussieCommerce, the self-proclaimed market leader in online retailing in Australia, is preparing for an IPO

CORPORATES
AUSSIECOMMERCE.COM.AU, DEALS.COM.AU PTY LTD, SUPREME COURT OF VICTORIA, BRANDSEXCLUSIVE (AUSTRALIA) PTY LTD, CUDO PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE CAPITAL PTY LTD, APN NEWS AND MEDIA LIMITED – ASX APN

oOh!Media take two: better this time

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Original article by Jake Mitchell
The Australian Financial Review – Page: 18 : 20-Aug-14

Champ Private Equity plans to offload its controlling stake in outdoor advertising group oOh!Media via a trade sale or an IPO. The business has become the largest in its sector in Australia following its merger with Eye Corp. oOh!Media was listed on the sharemarket until 2012, and CEO Brendon Cook concedes that it was probably too small to justify being a public company at the time

CORPORATES
OOH!MEDIA PTY LTD, EYE CORP LIMITED, CHAMP PRIVATE EQUITY PTY LTD, CASTLE HARLAN AUSTRALIAN MEZZANINE PARTNERS PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, MACQUARIE GROUP LIMITED – ASX MQG, HIGHBURY PARTNERSHIP PTY LTD, THE LEADING EDGE MARKET RESEARCH CONSULTANTS PTY LTD