Cater Care Australia is a leading provider of contract catering, accommodation and facility management services to the remote and urban sectors in Australia, servicing healthcare, resources, education and other industries. It has grown organically through the strength of its leadership and brand reputation, and engaged KPMG to explore strategic options, including a partial sale of the business and growth capital, to support future opportunities available to the business.
KPMG engaged on the opportunity with a number of pre-qualified potential partners including Champ Ventures and was instrumental in facilitating the receipt of multiple offers. KPMG Deal Advisory specialists, including mergers and acquisitions, transaction services, tax and debt advisory services, reviewed and prepared all key materials highlighting the business’ historical performance and strong platform to pursue growth opportunities. KPMG assisted in securing a financing package to support the incoming investment and future capital requirements of the business.
On 19 December 2014, the shareholders of Cater Care Australia divested a minority (45%) interest in the business to Champ Ventures following a KPMG assisted negotiation of key transaction documentation.
