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Aussie office supplies company acquires global
Australian-headquartered Complete Office Supplies has been advised on its acquisition of Lyreco.
Emma Musgrave
Firms: Thomson Geer (Complete Office Supplies); Ashurst (Lyreco)
Value: Confidential
Area: M&A
Key players: Partner Marc Wyld and senior associate Jenny Altherr led the Thomson Geer team.
Deal significance: Complete Office Supplies is an Australian office supplies company. According to Thomson Geer, it is a privately-owned business and the second largest B2B office supplier in Australia.
"The acquisition of Lyreco Australia, which has annual revenue of $70 million, is significant for Complete Office Supplies in the context of its current annual revenue of $145 million," a statement from the firm said.
"It also represents continued consolidation in the industry, following the recent acquisitions of Staples and Officemax by US private equity firm Platinum Equity to form the largest B2B office supplier in Australia, Winc.
"As part of the transaction, Complete Office Supplies has become a strategic partner of Lyreco to service its international customers in Australia."
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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