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Laundry and dry-cleaning business sold for almost $300m
A Melbourne-based commercial laundry and dry-cleaning business has sold its entire issued share capital to a private equity firm for close to $300 million.
Jerome Doraisamy
Firm: KHQ Lawyers (South Pacific Laundry); MinterEllison (Anchorage Capital Partners).
Area: Corporate and commercial
Value: Undisclosed; referenced as “close to $300 million”
Key players: The KHQ team was led by director Andrew Walker who was assisted by principal solicitor Darren Sommers, special counsel Kate Landells and lawyer Clea Cole.
Deal significance: KHQ said the sale is a “great success” for South Pacific’s major shareholder, former CEO and director Choon Ming Tang, as well as for the group’s shareholders, many of whom are employees of the South Pacific group.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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