Curtain Hardware Australia (CHA)

333 Capital acted as exclusive financial adviser to Venture Growth Partners on their sale of a majority stake of Curtain Hardware Australia to Hunter Douglas, a multinational manufacturer and seller of window treatments and architectural products, which is ultimately owned by private equity firm 3G Capital.

Overview

Curtain Hardware Australia (CHA) is a leading manufacturer and wholesaler of made-to-measure curtain hardware and is the only supplier with a presence in multiple states across Australia.The business also offers a broad range of motorised and non-motorised curtain track profiles for commercial, health care and residential uses.

Objective

333 Capital was engaged by Venture Growth Partners, the previous owners of the CHA business, to explore divestment options, based on 333 Capital�s track record in successfully advising the sales of private businesses to major corporate and private equity firms.

333 Capital ran a tailored and comprehensive international sale process including:

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  • Preparing a detailed forecast financial model, inclusive of a bottom-up build of price-volume analysis.
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  • Identifying and engaging with credible potential buyers (domestically and globally) and educating parties on the business, its strengths, growth profile and strategic opportunity available.
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  • Preparing all sale documents, including an initial �no-names� flyer and later a detailed information memorandum.
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  • Managing the data room and QA process to support an efficient and fulsome due diligence process.
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  • Advised on all key transaction documents including the Sale Purchase Agreement, completion mechanics and a transition agreement.
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The outcome

333 Capital ran a competitive sale process resulting in a very attractive outcome achieved for all stakeholders.

The process led to a successful sale of a majority stake in CHA to Hunter Douglas.