Under the deal, Alceon Private Equity gets half the stakes in Boss Engineering
Arnold Bloch Leibler (ABL) has guided private equity and investment management firm Alceon Private Equity as it picks up a 50% stake in agricultural equipment manufacturer Boss Engineering.
This acquisition stands as Alceon’s biggest private equity investment to date. It assigns a value of roughly $170m to Boss Engineering.
“Boss Engineering is an Australian manufacturing success story with a strong founder led team. Alceon Private Equity’s deep experience and entrepreneurial approach make them a natural fit for Boss. This partnership will allow Boss to build on the innovation it has shown over 10+ years and, with Alceon’s guidance, scale the business and its platform to take full advantage of the powerful agricultural sector tailwinds”, lead partner Scott Phillips said.
Phillips, a corporate and M&A partner, led the multidisciplinary team with senior associate Ari Bendet and lawyer Stephanie Parsons. Senior associate Crosby Radburn and lawyer Chris Register provided banking and finance advice, whilst special counsel Rachel Soh and lawyer Madeleine Durrant advised on the employment law aspects of the deal.
