Allens advises Dixon Hospitality on buy-out by KKR

Allens has advised Dixon Hospitality on its buy-out by funds or accounts managed or advised by Kohlberg Kravis Roberts & Co. L.P. or its affiliates (KKR).

A multidisciplinary team spanning Allens' private equity, corporate, real estate and banking and finance groups advised Dixon Hospitality on all aspects of the transaction, which includes the rollover of key management.

One of Australia's pre-eminent operators of gastropubs, restaurants, bars and function venues, Dixon Hospitality maintains an expansive portfolio of well-known venues across Victoria, New South Wales and Queensland.

'This transaction continues the uptick we're seeing in private equity-led investment activity in Australia, particularly in the services sectors,' said Emin Altiparmak, lead partner on the matter.

'It also marks another example of PE sponsors seeking platform businesses to achieve growth and scale. This is the opportunity that Dixon Hospitality brings for KKR and management.

'These are among the themes that we saw ahead in our Private Equity Horizons report published earlier this year,' Emin said.

The transaction builds on Allens' extensive private equity and real estate experience, and follows the firm's role advising Dixon Hospitality on the acquisition of six iconic Sydney venues in November 2016.

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