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Adairs acquires Focus on Furniture for $80m
Focus on Furniture has successfully been acquired by Adairs Limited for $80 million.
Naomi Neilson
Firm: Hall & Wilcox (Focus on Furniture)
Value: $80 million.
Area: M&A.
Key players: The team was led by partner Deborah Chew, who was assisted by senior associate Vanessa Murphy and lawyers Joy-Yi Zhao and Michael Henderson.
Partner Philip Hopley advised on the insurance aspects of the transaction, partner Michael Parker advised on tax aspects, while partner Mark Dunphy and senior associate Nhu Thuy Dinh advised on employment matters.
Deal significance: The acquisition is a strategic fit for Adairs, with attractive growth potential. It will further develop the Adairs group as a leading homewares and home furnishings omni-channel retail group operating across Australia and New Zealand, and will increase their product offering in the key area of home furniture.
Focus on Furniture will continue to operate independently of Adairs.
Commenting on the deal, Ms Chew said: “The transaction was a great example of the benefits that can flow from matching a terrific business with the right buyer. We were very pleased to have had a role in Focus on Furniture’s move to become part of a portfolio of brands that will give it a platform for continued growth.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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