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State Swim / In2Swim

Approved · Waiver · decided in 25 days, 27 July 2026

UnclassifiedWA-01112ACCC register

Dolphin BidCo proposes a 100% share acquisition of In2Swim Pty Limited from NRG Nominees 563 Pty Limited. Dolphin operates 'State Swim' brand swim schools across WA, VIC, SA and Singapore. In2Swim operates a swim school in Brookvale, NSW, consolidating the swim school sector.

Timeline

  1. 2 July 2026Filed with the ACCC
  2. 27 July 2026Notification waiver determination publishedPDF · 137.5 KB

Acquisition details

Dolphin BidCo Pty Ltd ( Dolphin , together with its connected entities), proposes to acquire 100% of the shares in In2Swim Pty Limited ( In2Swim ) from NRG Nominees 563 Pty Limited as trustee for Morton Matthews Holdings Pty Ltd, which is itself trustee for the Matthews Family Trust. Dolphin operates a number of swim schools in Western Australia, Victoria, South Australia and Singapore under the ‘State Swim’ brand. 'In2Swim' operates a swim school in Brookvale, in New South Wales.

Parties

Acquirer
DOLPHIN BIDCO PTY LTD ABN - 67 691 954 382
Target
IN2SWIM PTY LIMITED ABN - 41 169 778 045
Other parties
CUH PTY LTD ACN - 122 207 925, NRG NOMINEES 563 PTY LIMITED AS TRUSTEE FOR MORTON MATTHEWS HOLDINGS PTY LTD ACN - 169 776 470, SEIDLER EQUITY AUSTRALIA II LP ABN - 49 173 538 970, MORTON MATTHEWS HOLDINGS PTY LTD AS TRUSTEE FOR THE MATTHEWS FAMILY TRUST ACN - 103 429 652

More deals by this acquirer

  • State Swim / Swim PlusWaiver · Approved