Arnold Bloch Leibler has advised Tristan Sternson (former CEO of Arq Group), Justin Parcell and Cameron Boog in relation to a management buy-out of ASX-listed Arq Group’s Enterprise Services Division. The purchase price of the acquisition was approximately $35 million and is backed by Quadrant Private Equity.
Arq Enterprise is well known in the market for creating and implementing innovative digital solutions for governments, businesses and iconic brands.
Corporate and M&A partners Jeremy Leibler and Jason van Grieken advised on all aspects of the transaction, along with lawyer Simone Gould and law graduate Noah Lipshut.
Jason van Grieken commented on the transaction: “We are very pleased to have acted for Tristan and the team and wish them all the best as they embark on the next stage of growing their business in partnership with Quadrant”.
