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WA-20015

Herron Todd White / CJA Lee Property ValuersWA-20015

View on ACCC

Processing timeline

24

days

Filed

13 Apr 2026

Notification waiver determination published

Decision

7 May 2026Notification waiver determination published
Type
Waiver
Outcome
Not approved
Stage
Waiver application
Status
Assessment completed

Parties

Acquirer(s)

HERRON TODD WHITE (BIDCO) PTY LTD ABN - 74 665 809 665

Target(s) or Vendor(s)

CJA Lee Property Pty Ltd ACN - 113 706 826, C McMahon Enterprises Pty Ltd ACN - 115 024 854, T.J. Shaw Pty Ltd ACN - 115 022 930

Other parties

HERRON TODD WHITE (HOLDINGS) PTY LTD ABN - 99 665 808 962, CJA LEE PROPERTY PARTNERSHIP ABN - 53 968 532 362, QPE NO. 7 MANAGEMENT PTY LIMITED ABN - 34 643 260 182

Summary

Herron Todd White (Bidco) Pty Ltd, backed by Quadrant Private Equity, proposes to acquire 100% of the shares in CJA Lee Property Pty Ltd from C McMahon Enterprises Pty Ltd and T.J. Shaw Pty Ltd. Both firms provide property valuation and advisory services, primarily residential, to Australian authorised deposit-taking institutions.

Acquisition details

Herron Todd White (Bidco) Pty Ltd ( HTW Bidco ) proposes to acquire 100% of the shares in CJA Lee Property Pty Ltd ( CJA Lee Property ) from C McMahon Enterprises Pty Ltd as trustee for the C&N McMahon Family Trust ( C McMahon Enterprises ) (50%) and T.J. Shaw Pty Ltd as trustee for the T.J. Shaw Family Trust ( T.J. Shaw ) (50%) (the Acquisition ). As part of the Acquisition, C McMahon Enterprises and T.J. Shaw will be issued shares in the ultimate parent company of HTW Bidco – Herron Todd White (Holdings) Pty Ltd ( HTW Holdings ). Post-completion, C McMahon Enterprises and T.J. Shaw will own 0.15% of the shares in HTW Holdings. HTW Holdings and its fully owned subsidiaries ( HTW Group ) provide property valuation and property advisory services in Australia. HTW Group primarily provides residential property valuation services to Australian authorised deposit-taking institutions. HTW Group is majority-owned by funds managed by QPE No. 7 Management Pty Ltd, an entity within the Quadrant Private Equity group ( QPE ). Apart from HTW Group, QPE is not involved in the supply of property valuation and property advisory services in Australia. CJA Lee Property is an independent advisory firm that provides property valuations, property advisory, and energy advisory services in the Gippsland / south-east Victoria area. Historically, CJA Lee Property has predominantly supplied residential property valuation services to Australian authorised deposit-taking institutions. C McMahon Enterprises and T.J. Shaw are holding companies of CJA Lee Property and, apart from CJA Lee Property, do not operate any other businesses.

Industry

Broad:Real Estate & Property ServicesANZSIC 6720:Real Estate Services

Decisions and key events

7 May 2026Notification waiver determination publishedAttachmentPDF146.6 KB

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