Coats Hire Limited is Australia's largest equipment hire company.  It is currently subject to an offer from Carlyle / National Hire to acquire 100% of it's share capital,   valuing the business at $2.2 billion.  The proposed scheme of arrangement has been recommended by the Coates board and is subject only to 75% acceptances from the shareholders.  When the value of the National Hire business is incorporated, this will be the largest public to private transaction undertaken in Australia.

Quay Capital were selected from a number of advisors who were approached in respect to this mandate.  Coates Hire chose to appoint Quay Capital due to our experience in private equity transactions and track record of advising management teams of public companies subject to a private equity transaction.  Our role involves:

• Providing commercial advice to management in respect to their commercial arrangements with the incoming purchaser.
• Managing the team of advisors including lawyers and tax advisors.
• Negotiating with the incoming purchasers on behalf of the management team.