Despite speculation a year ago that deal activity may slow down with private equity firms taking a cautious approach towards fresh funding and having to become more creative to unlock deals, Allura Partners witnessed a flurry of deals in the back half of 2017 and has partnered with several firms to secure Chief Executives to lead new investments.
KKR and Laser Clinics Australia
With it well known that The Growth Fund planned to divest Laser Clinics Australia, Allura Partners was approached by KKR Australia in February 2017 to conduct a pre-deal search to source executive management to assist the firm with their due diligence and investment thesis.
Working closely with Gareth Woodbridge, Director at KKR Australia to complete specific market intelligence and a full market map, Allura Partners identified and engaged several executives including Anthea Muir, President Optical Retail Australia and New Zealand at Luxottica. Possessing the required skills and experience including a combination of health, retail, franchising and Asian expansion, Anthea was a clear standout to assist KKR Australia to unlock the deal.
In August, KKR Australia was announced as the winner of the hotly-contested battle and post deal, Anthea was appointed as the new Chief Executive Officer. Congratulations to Anthea on your recent appointment. Additionally, congratulations to Gareth and the team at KKR Australia on their latest investment.
Gareth Woodbridge, Director at KKR
“We engaged Allura Partners to assist us with sourcing management talent to assist with our due diligence and development of the investment thesis for Laser Clinics Australia.
Adrian worked collaboratively to understand our needs and was instrumental in sourcing several candidates with relevant experience and background who were not ‘in the market’. This was done professionally and confidentially.
Adrian is tenaciously focused on outcomes, which combined with a strong ability to build rapport and effectively evaluate candidates delivers results.”