Media Release | 12 August 2020
Hall & Wilcox has advised the co-founders of startup Quad Lock, Rob Ward and Chris Peters, on the sale of a majority interest in their company to Quadrant Growth Fund. The move will enable Quad Lock to scale up and increase its presence in the global market.
Founded in 2011, Quad Lock is a global leader in designing and manufacturing innovative smartphone mounting systems that secure smartphones to bikes, motor bikes, cars and sports arm bands. It supplies its products to more than 100 countries.
Partner Oliver Jankowsky and Senior Associate Chevi Levin led the Hall & Wilcox team, with support from Partner Deborah Chew and lawyers David Holland and James Fisher. The cross-practice team also included Partner Mark Inston, Senior Associate Jeanette Lui (Banking & Finance), Partner Alison Baker and lawyer Nhu-Thuy Dinh (Employment), Partner Matthew Curll (Insurance) and Partner Ben Hamilton and lawyer Tamara Charlwood (Intellectual Property).
Hall & Wilcox advised on all aspects of the transaction, including legal due diligence, deal structuring, negotiating the sale agreement and the shareholders’ deed for the ongoing management of the business.
Partner Oliver Jankowsky said, ‘We were thrilled to advise Quad Lock, which is a great success story. Led by two passionate founders, Rob and Chris, they are a small Australian ‘backyard’ company which has gone global. The investment by Quadrant will allow them to grow into an even better business with a bigger and broader product range.’
Co-founder Rob Ward said, ‘Working with Oliver, Chevi and the broader Hall & Wilcox team was great, as we always felt they had our best interest in mind. The deal was done during lockdown and the Hall & Wilcox team didn't miss a beat adapting to the changing conditions.’
Co-founder Chris Peters said, ‘It was great working with Hall & Wilcox throughout the deal. Their experience, insight and expertise helped us navigate through the process and ensured a great outcome was achieved.’
Hall & Wilcox is a leading independent Australian law firm of around 750 people, including more than 90 partners, delivering outstanding legal services to corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia. Our Corporate & Commercial team is well known for servicing mid-market M&A transactions in Australia and globally. We are consistently recognised for helping clients to achieve outstanding commercial results. The Hall & Wilcox culture of ‘Better Together’ means that our firm is uniquely placed to work collaboratively on transactions, with seamless cross-practice interaction between our offices and teams, including Corporate & Commercial, Banking & Finance, Employment, Insurance, Intellectual Property, Property & Projects, Litigation & Dispute Resolution, Tax, and industry group experts (including in healthcare, technology and insurance and financial services).
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