Private Equity Group Purchases Majority Stake In Leading Commercial Playground Equipment Supplier
Rhinoplay playground
Lloyds Corporate Brokers is pleased to announce the successful partial sale of Rhinoplay to an Australian investment firm, who are focused on partnering innovative small and medium enterprises to achieve their growth potential. Their partnership with Rhinoplay will accelerate its national and international expansion through both organic growth and acquisition.
Rhinoplay is a successful and innovative playground design and manufacture business with a wide range of clients including quick service restaurants, resorts, clubs, hotels, schools, councils and family entertainment centres. Rhinoplay supplies them with high quality, durable equipment that is safe, fun and inspiring.
Their services include planning, consultation, installation and ongoing maintenance to ensure the commercial success of their client’s playground or staging projects across Australia, including Sydney, Melbourne and Brisbane.
The Sale
Lloyds Corporate Brokers played a key role in facilitating this sale, able to match the vendor with the buyer because of its sector knowledge underpinned by its extensive networks and recent marketing activities. Lloyds initiated the sales process with a business appraisal, facilitating introductory meetings between the buyer and the vendor and working with the vendor and the advisors through all aspects of the sale process, including deal structuring and negotiation of sale terms.
The sale was conducted by Lloyds’ NSW Director Karen Dado, who worked closely with the vendor and its advisers to achieve a successful result for both vendor and buyer.
“Karen and Lloyds worked very hard on the investment deal through what turned out to be a tumultuous time for all business due to Covid 19. Rhinoplay managed Covid 19 very successfully maintaining EBITDA throughout 2020 and Lloyds stuck with the deal showing determination to complete the process creating a very successful result”... Rhinoplay vendor, Ryan Gillatt.
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More about Rhinoplay
Rhinoplay is made up of a dedicated team of design professionals who love creating interesting and innovative play spaces.
They strive to create the most amazing play environments possible whilst maintaining the highest level of quality and safety. Their design team includes members with over 20 years of playground design experience, international playground designers dedicated to creating safe and fun playgrounds.
Rhinoplay products are designed to meet or exceed all relevant Australian & New Zealand Standards for playground equipment. They pride themselves on supplying high quality, durable equipment that is safe, fun and inspiring for children. They certify everything they do.
More about Lloyds’ Corporate Brokers
With 37 years’ experience under its belt, Lloyds Corporate Brokers has pioneered an effective model of business brokerage, managing a small number of selected assignments at any one time, focusing on each one until it's sold.
Each broker is allocated a small number of assignments (up to six) so they can fully familiarise themselves with each one, enabling them to present each business in the best possible way. Typically, a broker will not take new assignments until one has been sold.
The result is that each business is handled with the care and attention required to secure the best possible price. Confidentiality is guaranteed.
Lloyds’ consultants are qualified professional business and Corporate Brokers with a wealth of Corporate Advisory, consulting and industry experience. They expertly guide business owners’ step by step through the process of selling or buying a business.
If you own a business in the playground equipment, design and manufacture sector, talk to one of our specialists about how Lloyds can help your business expand, sell or raise capital. We have teams of Brokers in Melbourne, Brisbane, Adelaide and Sydney.
Contact the experts at Lloyds Brokers, Australia’s industry-leading Corporate Broker on 1300 366 943.
*Cubetm Playground image from Rhinoplay
Tags: selling success small business
