Hall & Wilcox advises founders of Quad Lock on its $500 million sale to Thule Group

Hall & Wilcox has advised the founders of Quad Lock on the sale of their interests to the Thule Group, in a deal that values Quad Lock at $500 million. 

The Hall & Wilcox team advised founders Christopher Peters and Robert Ward on their rights and obligations in relation to the share sale, with a focus on protecting their rights as founders of the business, as there were multiple sellers in this transaction.

Quad Lock is the global market leader in performance phone mount solutions, which allows cyclists, motorcyclists and adventurers to access their mobile phones while being active. Its head office is based in Melbourne and it has sales in approximately 100 countries. 

Thule Group is a global sports and outdoor company. The acquisition will help the Thule Group strengthen its position in the Asia-Pacific region, as it will increase the share of Thule’s sales from about 5 to 10 per cent. 

The Hall & Wilcox team was led by Partner Oliver Jankowsky and Senior Associate Jasmine Koh, assisted by Partner Mark Dunphy and Senior Associate Gabrielle Joffe on employment issues and Partner Philip Hopley on warranty and indemnity issues.