Platinum Equity to Acquire OfficeMax Business in Australia and New Zealand from Office Depot
Baker McKenzie acted for Platinum Equity to acquire OfficeMax business in Australia and New Zealand from Office Depot. The transaction is subject to regulatory approval in each country and is expected to close within the next several months.
In March, Baker McKenzie assisted Platinum Equity in acquiring Staples Australia and New Zealand from their US parent, Staples Inc.
Baker McKenzie lead partner and head of equity capital markets, Craig Andrade stated: "We were delighted to act for our longstanding client, Platinum Equity in an immediate follow on acquisition of the OfficeMax business in Australia and New Zealand in what was a highly competitive process".
Platinum Equity is a leading global private equity firm with a highly specialized focus on business operations and more than 20 years’ experience acquiring and operating businesses that have been part of large corporate entities.
This transaction follows Baker McKenzie's recent roles in advising Chow Tai Fook on its $4 billion purchase of Alinta, Afterpay on its $600 million merger with Touchcorp, Billabong on its $60 million sale of Tiger Lilly to Crescent Capital Partners, Aurrum and the Home Investment Consortium on their $800 million acquisition of the Masters Hardware business from a Woolworths / Lowes joint venture, BigAir Group on its $200 million takeover of Superloop, Emeco on its restructure and three-way merger with Orionstone and Andy's Earthworks, Hanesbrands on its $1.1 billion takeover of Pacific Brands, Accolade Wines on its acquisition of Lion's premium wine business, Pact Group on its $90 million acquisition of Australian Pharmaceutical Manufacturers.