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Transaction & Advisory  |  March 2024

Allegro buys Nutun Australia for about $120m

Our corporate team led by Paul Miller, supported by Simon Correggia and Steven An, acted for the shareholders of Nutun Australia, an Australian market-leading business process outsourcing specialist, on its agreed sale to Allegro Funds, Australia’s most-awarded private equity firm in the turnaround, special situations and transformation investing space.

Based in Melbourne, Nutun Australia operates various businesses including credit collections, customer experience, insurance claims recovery, insource solution and legal services through its brands recoveriescorp, Mason Black + Mendelsons and Nutun. It services a range of blue-chip clients across Australia, New Zealand and Fiji, including large banks, insurers and utilities and telecommunication providers. Nutun Australia’s customer base and its strong service offering will enable Allegro Funds to broaden these service and capabilities in Australia, New Zealand and abroad.

This transaction was a collaborative effort on the sell side involving, Tim Miles, Gareth Cope and Stephen Bowring from Miles Advisory and Peter Hague and Tim Hall from PWC and further cements Deutsch Miller’s reputation as a leading legal adviser in mid-market M&A space.

 

Article links: 

https://www.theaustralian.com.au/business/dataroom/allegro-buys-nutun-australia-for-c120m/news-story/bdca0a96f3a688edf5263003226a24d0

https://www.businessnewsaustralia.com/articles/nutun-australia-falls-into-local-hands-as-allegro-snaps-it-up-for--120m.html

https://www.theaustralian.com.au/business/dataroom/allegro-funds-continues-the-unit-sale-trend-with-nutun-australia-acquisition/news-story/9eb19c88d1762672c875cacf1cb0e69e

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