Processing timeline
25
days
Acquirer(s)
DOLPHIN BIDCO PTY LTD ABN - 67 691 954 382
Target(s) or Vendor(s)
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
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.
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.