Hamilton Locke Advises Longreach Credit Investors on its A$50m Investment in Mantle Group Hospitality

Hamilton Locke is pleased to have acted for Longreach Credit Investors (Longreach) on its recent A$50 million senior debt facility into Mantle Group Hospitality (Mantle) – a diverse and dynamic hospitality business with invaluable experience as owner-operators of leading venues in Queensland and New South Wales since 1979. Venues in the Mantle portfolio include The Squire’s Landing, Babylon Rooftop, Pig ‘N’ Whistle, and Jimmy’s On The Mall.

Longreach is an Australian private debt investment management firm specialising in providing customised debt solutions to high quality Australian and New Zealand middle market businesses. Mantle will use the facility provided by Longreach to bolster its expanding business and finance capital expenditure on new venues.

Phil Quinlan, Michael Hatsatouris and Lauren Pickard of KPMG Australia provided commercial advice to Longreach on the transaction and worked with the Hamilton Locke team on security structuring.

Mantle were advised by PwC and KWM.

Commenting on the transaction, Hamilton Locke Partner Zina Edwards said:

This transaction is an excellent example of our finance team’s ability to work collaboratively with specialist teams to achieve a successful outcome for our client in a tight timeframe.

It was a pleasure working with the team at Longreach to assist them in completing on their investment in Mantle. This is a significant milestone for both Longreach and Mantle, and we look forward to continuing to support the Longreach team and following the ongoing growth of Mantle”.

The transaction required a multi-disciplinary approach, with the deal team led by Hamilton Locke’s finance team headed by Zina Edwards (Partner, Finance) with the support of Monty Loughlin (Special Counsel, Finance) and Lawyers Sorcha O’Rourke, Calvin Mai and Ho Yan Ko.

The employment aspects of the transaction were driven by Hamilton Locke’s Tim Zahara (Special Counsel, Employment) and Georgie Chard (Lawyer, Employment), and the property aspects by Sarah Roettgers (Partner, Property), Nick Knowlman (Senior Associate, Property, Food and Agribusiness) and Lawyers Faye Winterflood and Maddison Morgan.

For more information, please click here.

KEY CONTACTS

Partner, Head of Finance

Special Counsel