Quadrant to acquire Australia's Love To Dream

Founded in 2009, Love To Dream designs unique “sleep systems” for newborns and toddlers, including a range of “arms-up” baby swaddles that are marketed in more than 40 countries. These are said to help babies to achieve longer and safer sleep.

“We were attracted to Love To Dream’s strong consumer brand, track record of innovation and growth, and the large global addressable markets it’s active in,” Simon Pither, a partner at Quadrant, said in a statement.

This is the second investment from Quadrant’s latest growth fund, which closed at A$400 million ($273 million) in April. It follows a A$60 million commitment in July that was shared across two Australian businesses, including used car trading platform operator AreYouSelling, and industrial and commercial online auction house Graysonline.

The growth fund was launched in February with a target of A$300 million for investments at the smaller end of the small to medium-sized enterprises (SME) spectrum. Quadrant has increasingly targeted larger middle-market deals as its funds have grown in size. The firm closed a A$1.1 billion vehicle in late 2017 after about one month on the market.

Financial details of the Love To Dream transaction have not been disclosed.

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• Topics
• Australasia
• Buyouts
• Consumer
• Australia
• Quadrant Private Equity
• SME
• manufacturing