As reported in the AFR, Daniel Besen’s family office has committed an initial $70 million to the growth equity firm, which will target Australian and New Zealand founder-run businesses that are growing profits between 30 and 70 per cent a year.
Jonathan Wenig commented on the development: “We are thrilled to have advised long standing client Daniel Besen on the establishment of this new fund, which will facilitate greater investment in the Australian and New Zealand SME sector market.”
Ari Bendet also commented on the firm’s involvement: “We congratulate Daniel Besen and the team at Arcus Partners on this new venture. As part of our growing private equity practice, we look forward to working with the team on further market-shaping private equity transactions.”
Arnold Bloch Leibler is renowned for advising clients – including local and international private equity firms and investors – on complex corporate transactions, commercial issues and disputes. To find out more about Arnold Bloch Leibler’s private equity practice, click here.